VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION
AI Summary
The Virginia Beach Community Development Corporation is dedicated to providing housing for low and moderate-income families, focusing on housing development and community improvement. With an operating budget of $8.3 million and total revenue of $7.1 million for the 2024 filing year, the organization is supported by key funders including the Wells Fargo Foundation, Local Initiatives Support Corporation, and Hampton Roads Community Foundation. Notably, no single funder contributes 50% or more of its revenue. For more information, visit www.vbcdc.org.
Mission Statement
TO PROVIDE HOUSING FOR LOW AND MODERATE INCOME FAMILIES.
Cause Areas
2
Housing development
Community improvement
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION’s budget?
In 2024, VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION reported an annual operating budget of around $8.3 million. More detailed financial information is available to registered users.
What causes does VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION support?
VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION supports work in Housing development and Community improvement.
Where does VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION operate?
VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION is headquartered in VIRGINIA BEACH, VA.
Who funded VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION recently?
In 2024, VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION received grants from CORPORATION FOR SUPPORTIVE HOUSING, Wells Fargo Foundation, and THE GAP FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION received in 2024?
The largest grant to VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION in 2024 exceeds $300 thousand.
What is VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION’s reliance on government grants?
VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION relied on government grants for more than 25% of their total revenue in 2024.