Virginia Nonproit Housing Coalition
- Assets
- $120.8m
- Revenue
- $12.1m
- Investments
- $35.4m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 06/1990
- Data as of
- 12/2022
- EIN
- 62-1429437
Organization Overview
Virginia Nonproit Housing Coalition is located in Richmond, VA. The organization was established in 1990. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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 Nonproit Housing Coalition 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 Nonproit Housing Coalition generated $12.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $12.2m during the year ending 12/2022. While expenses have increased by 21.1% per year over the past 8 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.
Since 2014, Virginia Nonproit Housing Coalition has awarded 660 individual grants totaling $39,597,075. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
TO CONTINUE THE DEVELOPMENT ACTIVITIES OF EIGHTEEN LOW-INCOME HOUSING PROJECTS AND SEVEN MODERATE-INCOME HOUSING PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William G Homiller Secretary | 1 | $0 | |
George C Howell III Chairman Of The Board/member | 1 | $0 | |
Robert W Schaberg Founding Member | 4 | $0 | |
Anna Lou Schaberg President/founding Member | 5 | $0 | |
Samuel A Jones Treasurer | 2 | $0 | |
Jennifer Waldbauer Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $69,234 |
| Dividends & Interest | $2,265,558 |
| Net Rental Income | $889,910 |
| Net Gain on Sale of Assets | $337,442 |
| Capital Gain Net Income | $337,442 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,178,504 |
| Total Revenue | $12,087,434 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $618,779 |
| Pension plans, employee benefits | $0 |
| Interest | $817,878 |
| Taxes | $664,345 |
| Depreciation | $1,010,632 |
| Occupancy | $526,326 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,241,102 |
| Total operating and administrative expenses | $6,178,295 |
| Contributions, gifts, grants paid | $5,989,578 |
| Total expenses and disbursements | $12,167,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,652,031 |
| Savings and temporary cash investments | $26,969,176 |
| Net Accounts receivable | $540,497 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $27,216,441 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,654 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,717,744 |
| Net Land, buildings, and equipment | $16,530,906 |
| Other assets | $12,507,822 |
| Total assets | $120,794,135 |
| Accounts payable and accrued expenses | $283,908 |
| Grants payable | $948,600 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $14,931,088 |
| Other liabilities | $237,804 |
| Total liabilities | $16,401,400 |
Grants Awarded
Over the last fiscal year, Virginia Nonproit Housing Coalition has awarded $6,813,178 in support to 103 organizations.
| Grant Recipient | Amount |
|---|---|
ACTS AREA CONGREGATIONS AND TOGETHER IN SERVICE PURPOSE: TO SUPPORT HOMELESS PREVENTION, CASE MANAGEMENT | $103,800 |
AFRICAN AMERICAN NONPROFIT LEADERS PURPOSE: TO SUPPORT CAPACITY BUILDING | $50,000 |
BOAZ AND RUTH PURPOSE: SERVICES TO FORMERLY INCARCERATED, VULNERABLE | $40,000 |
BETTER HOUSING COALITION PURPOSE: TO SUPPORT THE MERGER WITH VIRGINIA SUPPORTIVE HOUSING, INTEGRATING FINANCES, PROPERTY MANAGEMENT, HUMAN RESOURCES AND COMMUNIDATIONS | $110,000 |
BOYS AND GIRLS CLUBS OF METRO RICHMOND PURPOSE: TO SUPPORT TEENS AND YOUNG ADULTS WITH THE OPENING OF THE TEEN & COMMUNITY CENTER LOCATED IN THE EAST END. | $100,000 |
CHALLENGE DISCOVERY PURPOSE: GNEERAL OPERATING | $10,000 |