Virginia Housing And Community Development Corporation
- Assets
- $388.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Suffolk, VA
- Founding
- 12/2004
- Data as of
- 12/2022
- EIN
- 20-0779486
Organization Overview
Virginia Housing And Community Development Corporation is located in Suffolk, VA. The organization was established in 2004. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Housing And Community Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Virginia Housing And Community Development Corporation generated $63.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $125.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE COMMUNITY DEVELOPMENT MISSION OF VIRGINIA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION (VHCDC) IS TO EDUCATE AND EMPOWER INDIVIDUALS FAMILIES AND MINORITY BUSINESS OWNERS TO BUILD WEALTH ACCESS CAPITAL AND CREDIT AND ACHIEVE HOME OWNERSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Taylor III President | 10 | $0 | |
Katrina S Taylor Vice President | 2 | $0 | |
Ariel K Heard Secretary | 2 | $0 | |
James A Young Sr Treasurer | 2 | $0 | |
Michael L Baldwin Director | 2 | $0 | |
Danielle Flipping Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,992 |
| Total Program Service Revenue | $20,362 |
| Membership dues | $0 |
| Investment income | $393 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $30,808 |
| Total Revenue | $63,555 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $55,755 |
| Professional fees and other payments to independent contractors | $2,286 |
| Occupancy, rent, utilities, and maintenance | $6,374 |
| Printing, publications, postage, and shipping | $671 |
| Other expenses | $60,203 |
| Total expenses | $125,289 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,249 |
| Other assets | $0 |
| Total assets | $388,403 |
| Total liabilities | $306,607 |
| Net assets or fund balances | $81,796 |