Overview

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Est.

1996

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Virginia Community Development Fund Inc (EIN: 54-1914519) is a nonprofit organization dedicated to community improvement and shelter and residential care. Its mission is to provide alternative financing and technical assistance to real estate developers focused on creating or preserving affordable housing and facilitating community and economic development projects throughout Virginia and West Virginia. With an operating budget of $1.5 million and total revenue of $2.4 million for the 2024 filing year, the organization does not rely on a single funder for 50% or more of its revenue.

Mission Statement

VCDF provides alternative financing and technical assistance to real estate developers engaged in the creation or preservation of affordable housing, community development, and economic development projects throughout our service areas of Virginia and West Virginia.
Revenues
$2.4M
Expenses
$1.5M
Net Income:
+$902K
Assets
$15.8M
Liabilities
$2.3M
Net Assets:
+$13.5M
Operating Budget
$1.5M
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
3
Median grant size
$50K
Largest grant received
$300K
J
John PSalop
Board Member
R
Robert Newman
Board Member
N
Neil Amin
Board Member

Frequently Asked Questions

What is Virginia Community Development Fund Inc’s budget?
In 2024, Virginia Community Development Fund Inc reported an annual operating budget of around $1.5 million. More detailed financial information is available to registered users.
What causes does Virginia Community Development Fund Inc support?
Virginia Community Development Fund Inc supports work in Community improvement and Shelter and residential care.
Where does Virginia Community Development Fund Inc operate?
Virginia Community Development Fund Inc is headquartered in Richmond, VA.
Who funded Virginia Community Development Fund Inc recently?
In 2024, Virginia Community Development Fund Inc received grants from OPPORTUNITY FINANCE NETWORK, THE WINSTON-SALEM FOUNDATION, and WEST VIRGINIA COMMUNITY DEVELOPMENT HUB INC. More information on this organization’s funders is available to registered users.
What is the largest grant Virginia Community Development Fund Inc received in 2024?
The largest grant to Virginia Community Development Fund Inc in 2024 exceeds $300 thousand.