VIRGINIA BEACH, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION, founded in 1985, is a community nonprofit in the Community Improvement sector that reported $7.1M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $8.3M exceeded revenue, resulting in a 16% operating deficit.
TO ASSIST THE CITY OF VIRGINIA BEACH BY PARTNERING WITH THE PUBLIC AND PRIVATE SECTORS TO PROVIDE QUALITY AFFORDABLE HOUSING OPPORTUNITIES TO LOW AND MODERATE INCOME PEOPLE.
PERMANENT RENTAL HOUSING FUNDS INCLUDE INCOME AND EXPENSES DIRECTLY ASSOCIATED WITH THE RENTAL OF AFFORDABLE LOW-INCOME HOUSING UNDER NOAH, HOME, HOUSING FIRST, BIZNET, ATLANTIS MANOR, CAPE HENRY...
PERMANENT RENTAL HOUSING FUNDS INCLUDE INCOME AND EXPENSES DIRECTLY ASSOCIATED WITH THE RENTAL OF AFFORDABLE LOW-INCOME HOUSING UNDER NOAH, HOME, HOUSING FIRST, BIZNET, ATLANTIS MANOR, CAPE HENRY, OCEAN TRACE, BEACH PARK AND BEACH PARK WEST APARTMENT PROJECTS. IN ADDITION, VETERANS FIRST HOUSING ASSISTANCE, SUPPORT SERVICES FOR VETERANS FAMILIES (SSVF) GRANT ACTIVITY, PROJECT DEVELOPMENT FEE INCOME AND INVESTMENT ACTIVITY ARE RECORDED UNDER PERMANENT RENTAL HOUSING FUNDS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $7,136,805 | $7,936,723 | -0.1% |
| Expenses | $8,268,321 | $7,809,624 | +0.1% |
| Net Income | $-1,131,516 | $127,099 | -9.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| FRANK MCKINNEY | PRESIDENT/CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTOPHER L BROWN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR AUDREY B DOUGLAS-COOKE | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| J DAVID CRAIN JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT EWELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREW FRIEDMAN | SECRETARY/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARSHALL BRICE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JEREMY C JOHNSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TIM MCCARTHY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KAY ASHBY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GARY SHARPE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KINTE SMITH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| COURTNEY LALONDE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JESSICA GUGLIELMO | CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
|
$148,140 | $17,393 | $165,533 |
| KRISTAL H DAVIS | EMPLOYEE | 40.00 |
Highest
|
$122,294 | $52 | $122,346 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $7,136,805 | $8,268,321 | $33,954,192 | $-1,131,516 |
| 2023 | $7,936,723 | $7,809,624 | $35,715,518 | $127,099 |
| 2022 | $7,614,457 | $7,404,821 | $35,346,329 | $209,636 |
| 2021 | $8,715,709 | $7,335,260 | $35,859,352 | $1,380,449 |
| 2020 | $5,509,223 | $6,165,812 | $30,804,049 | $-656,589 |
| 2019 | $5,283,250 | $6,079,641 | $31,582,611 | $-796,391 |
| 2018 | $5,559,154 | $6,470,604 | $32,683,650 | $-911,450 |
Compare VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION with other nonprofits in Virginia and across the country.