Virginia Affordable Housing Loan Fund
- Assets
- $223.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charlottesville, VA
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 31-1788400
Organization Overview
Virginia Affordable Housing Loan Fund is located in Charlottesville, VA. The organization was established in 2002. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Affordable Housing Loan Fund 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 12/2021, Virginia Affordable Housing Loan Fund generated $5.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.6% each year . All expenses for the organization totaled $3.9k during the year ending 12/2021. While expenses have increased by 22.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Program Activity:
Part 3
TO MARKET AND FIND QUALIFIED BORROWERS FOR THE LOAN FUND WHICH IS DESIGNED TO INCREASE AFFORDABILITY AND AND ACCESS TO CREDIT FOR LOW INCOME
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Ritenour President | 0 | $0 | |
Linda Tiller Vice President | 0 | $0 | |
John Hanna Treasurer | 0 | $0 | |
Jayne Johnson Secretary | 0 | $0 | |
Mary Kay Huss Director | 0 | $0 | |
Natasha Bugey Jr Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,875 |
| Membership dues | $0 |
| Investment income | $912 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,787 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,939 |
| Total expenses | $3,939 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $102,506 |
| Other assets | $0 |
| Total assets | $223,623 |
| Total liabilities | $224,847 |
| Net assets or fund balances | -$1,224 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virginia Affordable Housing Loan Fund has recieved totaling $115,566.
| Awarding Organization | Amount |
|---|---|
Lynchburg Neighborhood Development Foundation Appomattox, VA PURPOSE: 501(C)3 | $115,566 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodbine Community Organization Wco Inc Nashville, TN | $99,872,484 | $15,160,345 |
Maryland Rural Development Corporation Annapolis, MD | $2,490,801 | $9,297,615 |
Religious Coalition For Emergency Human Needs In Frederick County Frederick, MD | $4,940,518 | $9,853,659 |
Stand For America Inc Washington, DC | $2,847,990 | $8,607,198 |
National Association Of Professional Employer Organization Alexandria, VA | $9,490,281 | $8,665,299 |
Virginia Beach Community Development Corporation Virginia Beach, VA | $35,346,329 | $7,614,457 |
Community Revitalization And Reservation Corporation Raleigh, NC | $42,174,048 | $6,127,827 |
Clinch Valley Community Action Inc North Tazewell, VA | $3,516,619 | $7,158,606 |
Northwest Tennessee Development Martin, TN | $5,677,713 | $7,068,049 |
New River Community Action Inc Radford, VA | $2,771,237 | $7,058,582 |
Oasis Center Inc Nashville, TN | $8,797,706 | $7,228,064 |
National Main Street Center Inc Washington, DC | $6,729,426 | $9,101,387 |