Visions of Truth Community Development Corporation

EIN: 900385655 501(c)(3) Environment

PORTSMOUTH, VA

Total Revenue
$257,251
Total Expenses
$216,053
Total Assets
$48,622
Net Assets
$28,115
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
VA
Phone
7579679664
Tax Period
2024-01-01 to 2024-12-31

VISIONS OF TRUTH COMMUNITY DEVELOPMENT CORPORATION, founded in 2009, is a small nonprofit in the Environment sector that reported $249K in total revenue in fiscal year 2022. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $64K, a strong 26% operating margin.

Mission

TO ASSIST LOW & MODERATE INCOME RESIDENTS OF PORTSMOUTH'S MARGINALIZED COMMUNITIES.

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Trantor Score

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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $236,476
Program Service Revenue $20,775
Investment Income $0
Other Revenue $0
TOTAL REVENUE $257,251

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $201,628
Other Expenses $216,053
TOTAL EXPENSES $216,053

Year-over-Year Comparison

2024 2023 Change
Revenue $257,251 $148,255 +0.7%
Expenses $216,053 $192,185 +0.1%
Net Income $41,198 $-43,930 -1.9%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CALVIN BULLOCK PRESIDENT 4.0
Officer Director
$0 $0 $0
JOHNETTA VAUGHN SECRETARY 4.0
Officer Director
$0 $0 $0
MARGARET DEPENA EXECUTIVE DIRECTOR 40.0
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
2024 $257,251 $216,053 $48,622 $41,198
2023 $148,255 $192,185 $71,037 $-43,930
2022 $248,577 $184,255 $78,206 $64,322
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