Central Virginia Housing Coalition Inc
- Assets
- $9.9m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 22
- Location
- Fredericksburg, VA
- Founding
- 05/1989
- Data as of
- 06/2022
- EIN
- 54-1500474
Organization Overview
Central Virginia Housing Coalition Inc is located in Fredericksburg, VA. The organization was established in 1989. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Central Virginia Housing Coalition Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Virginia Housing Coalition Inc 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 06/2022, Central Virginia Housing Coalition Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CENTRAL VIRGINIA HOUSING COALITION IMPROVES THE REGIONAL QUALITY OF LIFE BY PROVIDING AFFORDABLE HOUSING OPPORTUNITIES TO LOW INCOME FAMILIES THROUGH COALITION, EDUCATION, COUNSELING AND FINANCIAL ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRAL VIRGINIA HOUSING COALITION OFFERS HUD CERTIFIED COUNSELING TO EDUCATE FAMILIES AND INDIVIDUALS ON BECOMING A SUCCESFUL RENTER, CREDIT, AND BUDGET COUNSELING, AVOIDING FORECLOSURE AND OTHER CLASSES. THE VHDA HOMEOWNERSHIP CLASS IS OFFERED TO PERSONS LOOKING TO PURCHASE A HOME. IN ADDITION, THE HOUSING CHOICE VOUCHER PROGRAM IS ADMINISTERED FOR PLANNING DISTRICT 16 AND FAUQUIER COUNTY. A VARIETY OF AFFORDABLE HOUSING UNITS ARE ALSO AVAILABLE FOR RENT THROUGH CENTRAL VIRGINIA HOUSING COALITION.
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 |
|---|---|---|---|
Kevin Fastabend President | OfficerTrustee | 2 | $0 |
Ralph Sutton Treasurer | OfficerTrustee | 1 | $0 |
Jamie Scully Past Preside | OfficerTrustee | 2 | $0 |
Joby Saliceti Secretary | OfficerTrustee | 1 | $0 |
Molly Flurry Vice Preside | OfficerTrustee | 2 | $0 |
Sean Halsey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $451,161 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $466,161 |
| Total Program Service Revenue | $1,855,431 |
| Investment income | $2,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,304 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,352,592 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $890,753 |
| Pension plan accruals and contributions | $15,790 |
| Other employee benefits | $94,547 |
| Payroll taxes | $68,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $910 |
| Fees for services: Accounting | $17,346 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $29,974 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,079 |
| Travel | $626 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $93,415 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $188,337 |
| Insurance | $39,481 |
| All other expenses | $101,513 |
| Total functional expenses | $1,794,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $821,959 |
| Savings and temporary cash investments | $1,966,233 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,580 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,423 |
| Net Land, buildings, and equipment | $6,774,637 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $301,388 |
| Total assets | $9,892,220 |
| Accounts payable and accrued expenses | $31,387 |
| Grants payable | $0 |
| Deferred revenue | $251,356 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,223,850 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $49,286 |
| Total liabilities | $2,555,879 |
| Net assets without donor restrictions | $6,814,703 |
| Net assets with donor restrictions | $521,638 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,892,220 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Central Virginia Housing Coalition Inc has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Peachtree House Foundation Richmond, VA PURPOSE: GENERAL OPERATING FUND | $15,000 |
Community Foundation Of The Rappahannock River Region Inc Fredericksburg, VA PURPOSE: EMERGENCY FINANCIAL | $7,500 |
Community Foundation Of The Rappahannock River Region Inc Fredericksburg, VA PURPOSE: EMERGENCY FINANCIAL | $7,500 |
Community Foundation Of The Rappahannock River Region Inc Fredericksburg, VA PURPOSE: EDUCATIONAL | $7,500 |
Community Foundation Of The Rappahannock River Region Inc Fredericksburg, VA PURPOSE: EDUCATIONAL | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Montgomery Housing Partnership Inc Silver Spring, MD | $117,127,971 | $17,924,784 |
Enterprise Community Loan Fund Inc Columbia, MD | $332,804,742 | $25,996,753 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
National Lutheran Inc Frederick, MD | $5,736,572 | $7,111,650 |
Transitional Housing Corporation Washington, DC | $11,247,775 | $11,673,050 |
Virginia Supportive Housing Richmond, VA | $30,778,021 | $11,444,363 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
Redwood Housing Inc North Bethesda, MD | $20,814,666 | $9,748,902 |
Housing Partnership Inc Louisville, KY | $43,644,315 | $10,025,390 |