Logo for "VIRGINIA COMMUNITY CAPITAL INC"

VIRGINIA COMMUNITY CAPITAL INC

VIRGINIA COMMUNITY CAPITAL INC

Christiansburg, VA, US
501(c)3
EIN
54-1754009
Logo for "VIRGINIA COMMUNITY CAPITAL INC"

VIRGINIA COMMUNITY CAPITAL INC

Christiansburg, VA, US
501(c)3
EIN
54-1754009

Overview

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Est.

1995

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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LOCUS IMPACT FUND is a nonprofit organization with a mission to provide innovative and flexible financial products that support housing and community development ventures, increase job opportunities, and foster sustainable communities. With an operating budget of $9.6 million and total revenue of $10.8 million, LOCUS focuses on projects that positively impact low to moderate-income communities in underserved markets. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base for its initiatives. For more information, visit www.locusimpact.org.

Mission Statement

OUR MISSION IS TO OFFER INNOVATIVE, FLEXIBLE FINANCIAL PRODUCTS DESIGNED TO SUPPORT HOUSING AND COMMUNITY DEVELOPMENT VENTURES, INCREASE JOBS AND BUILD SUSTAINABLE COMMUNITIES. VCC OFFERS LOAN CAPITAL THAT IS BROADER THAN BANK LENDING TO PROJECTS THAT HAVE A POSITIVE IMPACT IN LOW TO MODERATE INCOME COMMUNITIES IN UNDERSERVED GEOGRAPHIES AND MARKETS.
Revenues

$10.8M

Expenses

$9.8M

Net Income:
+$981.3K
Assets

$89.3M

Liabilities

$63.1M

Net Assets:
+$26.2M
Operating Budget

$9.6M

Operating Budget by Year

Due Diligence

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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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Total No. of Grants

10

Median grant size
$37.8K
Largest grant received
$205K
A
Ashley N Coleman
Board Member
A
Amir Kirkwood
Board Member
S
Stacey Antonelli-Christensen
Board Member

Frequently Asked Questions

What is VIRGINIA COMMUNITY CAPITAL INC’s budget?
In 2024, VIRGINIA COMMUNITY CAPITAL INC reported an annual operating budget of around $9.6 million. More detailed financial information is available to registered users.
What causes does VIRGINIA COMMUNITY CAPITAL INC support?
VIRGINIA COMMUNITY CAPITAL INC supports work in Entrepreneurship and Business and industry.
Where does VIRGINIA COMMUNITY CAPITAL INC operate?
VIRGINIA COMMUNITY CAPITAL INC is headquartered in Christiansburg, VA.
Who funded VIRGINIA COMMUNITY CAPITAL INC recently?
In 2024, VIRGINIA COMMUNITY CAPITAL INC received grants from THE CALIFORNIA ENDOWMENT, THE COMMUNITY FOUNDATION INC, and THE ROBERT WOOD JOHNSON FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant VIRGINIA COMMUNITY CAPITAL INC received in 2024?
The largest grant to VIRGINIA COMMUNITY CAPITAL INC in 2024 exceeds $205 thousand.
What is VIRGINIA COMMUNITY CAPITAL INC’s reliance on government grants?
VIRGINIA COMMUNITY CAPITAL INC relied on government grants for more than 40% of their total revenue in 2024.
Overview
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