American Village Communities Inc
- Assets
- $9.5m
- Revenue
- $777.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Fairfax, VA
- Founding
- 02/1993
- Data as of
- 12/2023
- EIN
- 54-1614099
Organization Overview
American Village Communities Inc is located in Fairfax, VA. The organization was established in 1993. 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 12/2023, American Village Communities Inc employed 3 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American Village Communities 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 12/2023, American Village Communities Inc generated $777.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST IN AND DIRECTLY SUPPORT PROVIDING HOUSING FOR LOW AND VERY LOW-INCOME, ELDERLY AND HANDICAPPED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AVC PROVIDES ASSET MANAGEMENT AND PROGRAM SUPPORT SERVICES ON BEHALF OF ITS SUBORDINATE AND/OR SUPPORTED ORGANIZATIONS WHICH ENGAGE IN LOW AND VERY-LOW INCOME HOUSING AND ELDERLY HOUSING PROJECTS. AVC, AS AN IRC SECTION 509(A)(3) SUPPORTING ORGANIZATION, SUPPORTS THESE ORGANIZATIONS IN PROVIDING HOUSING FOR LOW AND VERY-LOW INCOME PERSONS AND ELDERLY AND HANDICAPPED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brant Baber Pres/sec/treas/dir | OfficerTrustee | 15 | $316,250 |
John Conrad Director | Trustee | 0.5 | $0 |
Margaret P Bessette Director | Trustee | 0.5 | $0 |
Samuel Carnes Director | Trustee | 0.5 | $0 |
Daniel J Jessee Director | Trustee | 0.5 | $0 |
Steele Jones Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $325,000 |
| Investment income | $231,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $220,579 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $777,004 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $245,000 |
| 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. | $537,096 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,895 |
| Payroll taxes | $33,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,125 |
| Fees for services: Accounting | $34,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,879 |
| Fees for services: Other | $2,511 |
| Advertising and promotion | $1,000 |
| Office expenses | $20,540 |
| Information technology | $17,900 |
| Royalties | $0 |
| Occupancy | $48,946 |
| Travel | $9,330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,002 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,248 |
| Insurance | $14,889 |
| All other expenses | $0 |
| Total functional expenses | $1,113,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,553 |
| Savings and temporary cash investments | $263,916 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,326 |
| 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 | $7,159 |
| Net Land, buildings, and equipment | $27,131 |
| Investments—publicly traded securities | $9,041,275 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,552 |
| Total assets | $9,513,912 |
| Accounts payable and accrued expenses | $17,177 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,669 |
| Total liabilities | $21,846 |
| Net assets without donor restrictions | $9,492,066 |
| Net assets with donor restrictions | $0 |
| 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 | $9,513,912 |
Grants Awarded
Over the last fiscal year, American Village Communities Inc has awarded $245,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DANIEL HOUSING CORPORATION INC PURPOSE: TO ASSIST THE ORGANIZATION WITH THEIR CHARITABLE OPERATIONS. | $200,000 |
EL PASO - AMERICAN HOUSING FOUNDATION INC PURPOSE: TO ASSIST THE ORGANIZATION WITH THEIR CHARITABLE OPERATIONS. | $45,000 |