Virginia Community Development Corp

EIN: 541533426 501(c)(3) Housing & Shelter

Richmond, VA

Total Revenue
$2,904,468
Total Expenses
$2,717,950
Total Assets
$7,756,782
Net Assets
$7,608,674
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
VA
Principal Officer
Robert L Newman
Phone
8043431200
Tax Period
2023-01-01 to 2023-12-31

Virginia Community Development Corp, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $3.1M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.7M left a modest 12% surplus.

Mission

Affordable Housing

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $106,111
Program Service Revenue $2,755,244
Investment Income $43,113
Other Revenue $0
TOTAL REVENUE $2,904,468

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,834,422
Fundraising Expenses $0
Program Expenses $1,898,536
Other Expenses $883,528
TOTAL EXPENSES $2,717,950

Year-over-Year Comparison

2023 2022 Change
Revenue $2,904,468 $2,908,414 0.0%
Expenses $2,717,950 $2,424,200 +0.1%
Net Income $186,518 $484,214 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
13
Independent Members
13
Employees
22
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
5
$673,846
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Philip Brooks Board Chair 1.00
Officer Director
$0 $0 $0
Monica Jefferson Board Vice Chair 1.00
Officer Director
$0 $0 $0
Karen R Wilds Board Member 1.00
Director
$0 $0 $0
Robert J Adams Board Member 1.00
Director
$0 $0 $0
Neil Amin Board Member 1.00
Director
$0 $0 $0
Mike Chiappa Board Member 1.00
Director
$0 $0 $0
Susan Dewey Board Member 1.00
Director
$0 $0 $0
Karen Klick Board Member 1.00
Director
$0 $0 $0
N/A Board Member 1.00
Director
$0 $0 $0
N/A Board Member 1.00
Director
$0 $0 $0
Manju Ganeriwala Board Member 1.00
Director
$0 $0 $0
Jonathan Knopf Board Member 1.00
Director
$0 $0 $0
Jason Long Board Member 1.00
Director
$0 $0 $0
Robert L Newman President & CEO 30.00
Officer
$232,781 $52,191 $284,972
Chris Sterling Vice President and COO 34.00
Officer
$163,555 $40,612 $204,167
Jeff Meyer Director of Project Development 40.00
Highest
$133,500 $13,803 $147,303
Russ Parrish Treasurer/Chief Financial Officer 32.00
Officer
$139,170 $45,537 $184,707
Bernard Rogers Director of Equity Funds & Investor Relations 40.00
Highest
$131,356 $39,491 $170,847
Steve Bleile Director of Project Development 40.00
Highest
$130,811 $27,140 $157,951
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 No data No data No data No data
2023 $2,904,468 $2,717,950 $7,756,782 $186,518
2022 $2,908,414 $2,424,200 $7,623,657 $484,214
2021 $2,927,830 $1,920,619 $7,085,442 $1,007,211
2020 $3,108,418 $2,093,950 $6,900,666 $1,014,468
2019 $2,968,215 $2,575,791 $5,481,484 $392,424
2018 $3,053,612 $2,693,405 $5,171,193 $360,207
Explore More Nonprofits
Top 100 Nonprofits in Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Virginia Community Development Corp with other nonprofits in Virginia and across the country.