VETERANS COMMUNITY DEVELOPMENT CORPORATION INC

EIN: 464032149 501(c)(3) Human Services

ROANOKE, VA

Total Revenue
$1,408,987
Total Expenses
$80
Total Assets
$1,470,171
Net Assets
$1,450,723
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
VA
Principal Officer
PARKER WISHNEFF
Phone
5409821317
Tax Period
2024-01-01 to 2024-12-31

VETERANS COMMUNITY DEVELOPMENT CORPORATION INC, founded in 2012, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. The organization ran a surplus of $1.4M, a strong 100% operating margin.

Mission

VCDC WILL OPERATE IN AREAS IN NEED OF COMMUNITY DEVELOPMENT; OUR ACTIVITIES WILL DIRECTLY FACILITATE SUCH DEVELOPMENT THROUGH THE PROVISION OF FUNDING FOR KEY REDEVELOPMENT PROJECTS INCLUDING SPECIFICALLY HISTORIC PRESERVATION PROJECTS IN DOWNTOWN AREAS, AND VCDC WILL HELP TO FACILITATE VETERAN BUSINESSES. THESE ACTIVITIES MAY INCLUDE BUT ARE NOT LIMITED TO JOB TRAINING, FINANCING OF VETERAN-OWNED BUSINESSES AND TECHNICAL ASSISTANCE FOR VETERAN RELATED PROJECTS.

Program Service Accomplishments

Program 1
Expenses: $80

FACILITATE DEVELOPMENT THROUGH THE PROVISION OF FUNDING FOR KEY REDEVELOPMENT PROJECTS INCLUDING SPECIFICALLY HISTORIC PRESERVATION PROJECTS. IN 2024 THIS INCLUDED FACILITATING FUNDING FOR THE...

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FACILITATE DEVELOPMENT THROUGH THE PROVISION OF FUNDING FOR KEY REDEVELOPMENT PROJECTS INCLUDING SPECIFICALLY HISTORIC PRESERVATION PROJECTS. IN 2024 THIS INCLUDED FACILITATING FUNDING FOR THE ADAPTATION OF A HISTORIC BUILDING IN WINCHESTER VA FOR AFFORDABLE HOUSING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,408,987
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,408,987

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $80
Other Expenses $80
TOTAL EXPENSES $80

Year-over-Year Comparison

2024 2023 Change
Revenue $1,408,987 N/A N/A
Expenses $80 N/A N/A
Net Income $1,408,907 $0 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PARKER WISHNEFF PRESIDENT 0.50
Officer Director
$0 $0 $0
DOUG CHITTUM DIRECTOR 0.50
Director
$0 $0 $0
JANE WISHNEFF DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,408,987 $80 $1,470,171 $1,408,907
2023 No data No data $61,264 No data
2022 No data No data $61,264 No data
2021 $-406,128 $752 $61,264 $-406,880
2020 $-2,460,378 $1,254 $468,144 $-2,461,632
2019 $-2,779,805 No data $2,929,776 No data
2018 $916,938 $11,000 $5,709,581 $905,938
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