NELSON COUNTY COMMUNITY DEVELOPMENT FOUNDATION

EIN: 541509522 501(c)(3)

LOVINGSTON, VA

Total Revenue
$848,107
Total Expenses
$563,481
Total Assets
$3,385,968
Net Assets
$3,117,310
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
VA
Principal Officer
MARGARET CLAIR
Phone
4342638074
Tax Period
2024-07-01 to 2025-06-30

NELSON COUNTY COMMUNITY DEVELOPMENT FOUNDATION, founded in 2001, is a small nonprofit that reported $848K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $285K, a strong 34% operating margin.

Mission

TO FOSTER AND PROMOTE COMMUNITY DEVELOPMENT THAT PRIMARILY BENEFITS LOW- TO MID-INCOME CITIZENS OF NELSON COUNTY WITH HOUSING, HEALTH, WATER AND WASTEWATER, EDUCATION AND ECONOMIC DEVELOPMENT.

Program Service Accomplishments

Program 1
Expenses: $465,387 Revenue: $125,819

HOME CONSTRUCTION, HOMEOWNER REHABILITATION, MAINTENANCE, PLUMBING AND SEWERE REPAIRS FOR LOW AND MODERATE INCOME PERSONS AND AFFORDABLE HOUSING DEVELOPMENT FOR FIRST TIME HOMEBUYERS AND FOR RENT.

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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 $718,721
Program Service Revenue $64,474
Investment Income $3,567
Other Revenue $61,345
TOTAL REVENUE $848,107

Expense Breakdown

Grants Paid $0
Salaries & Benefits $149,614
Fundraising Expenses $5,696
Program Expenses $465,387
Other Expenses $413,867
TOTAL EXPENSES $563,481

Year-over-Year Comparison

2024 2023 Change
Revenue $848,107 $767,416 +0.1%
Expenses $563,481 $571,458 0.0%
Net Income $284,626 $195,958 +0.5%
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

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

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Governance

Voting Members
9
Independent Members
8
Employees
6
Volunteers
10

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
4
$79,176
Total Directors
6
$79,176
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET CLAIR EXECUTIVE DIRECTOR 45.00
Officer Director
$79,176 $0 $79,176
NORA SCOTT DIRECTOR 3.00
Director
$0 $0 $0
PEGGY WHITEHEAD SECRETARY 3.00
Director
$0 $0 $0
CONNIE BRENNAN DIRECTOR 3.00
Director
$0 $0 $0
SHARON HUDSON DIRECTOR 3.00
Director
$0 $0 $0
STEVE STOKES DIRECTOR 3.00
Director
$0 $0 $0
WOODY GREENBERG VICE PRESIDENT 3.00
Officer
$0 $0 $0
VINCENT VALENTINO PRESIDENT 3.00
Officer
$0 $0 $0
VICTOR MONTI TREASURER 3.00
Officer
$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
2025 $848,107 $563,481 $3,385,968 $284,626
2023 $606,016 $676,984 $2,854,700 $-70,968
2023 No data No data No data No data
2022 $753,692 $647,224 $2,925,459 $106,468
2022 $553,692 $647,224 $2,925,459 $-93,532
2022 $579,687 $493,976 $3,085,124 $85,711
2021 $466,239 $520,472 $2,805,111 $-54,233
2020 $432,125 $482,449 $2,945,202 $-50,324
2019 $379,162 $454,587 $2,988,095 $-75,425
2018 $436,686 $396,331 $2,990,669 $40,355
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