NonprofitsCommunity Ventures Corporation Inc

Community Improvement & Capacity Building

Community Ventures Corporation Inc

LEXINGTON, KY

Total revenue

$11.9M

Total expenses

$15.0M

Net assets

$33.3M

Grants received

$9.1M

35 grants

EIN

311064807

Tax year

2024

Mission

Community ventures corporation, inc.'s (cvc) central mission is to provide individuals and families with the skills, income, and assets they need to achieve financial independence. Cvc helps people increase income and build assets with three main strategies: small business ownership, home ownership, and job creation through business expansion.

Programs

3 programs

Community development and assistance in the acquisition and substantial rehabilitation of single-family homes for first-time buyers. Cvc has a longstanding commitment to kentucky's neighborhoods and the organization is constantly exploring opportunities to address the complex challenges faced by kentucky's communities. Cvc addresses the challenges through developing projects in underserved areas, constructing single-family homes for first- time home buyers, and assisting in financing and supporting projects in rural areas.

Expenses: $2.9MGrants: $940K

Cvc assists families accompolish their dreams of purchasing homes, reducing debt, and increasing financial literacy through their ehome america platform. Ehome america is an online financial education platform that offers affordable financial education to customers across the globe. The courses are offered on demand at the customers convenience. The platform offers eduction in the following areas: 1) homebuyer education - comprehensive 8 hour online homebuyer course that is offered in english and spansish and sanctioned by hud and usda 2.) money management - a 2-3 hour course with a professional partner to assist customers in taking control of their finanaces and generating peace of mind for their financial futures 3.) forecolsure prevention - course is designed to assist customers navigate the challenges of the foreclosure process and steps that can be taken to avoid the loss of their home.

Expenses: $3.5M

Other significant services provide by the organization include property management and rental of proptery is significantly economically distressed areas.

Expenses: $1.5M

Financials

FY 2024

Revenue

Contributions & grants$5.0M
Program service revenue$6.4M
Investment income$347K
Other revenue$156K
Total revenue$11.9M

Expenses

Grants paid$940K
Salaries & benefits$5.9M
Fundraising$469K
Other expenses$8.2M
Total expenses$15.0M
Total assets$100.3M
Net assets$33.3M

People

33 listed

NameRoleCompensation

KEVIN SMITH

PRESIDENT & CEO

Board

$245K

40 hrs/wk

MILTON SHARP

PRESIDENT - EHOME

Board

$164K

40 hrs/wk

BRENDA WEAVER

PRESIDENT DISASTER RECOVERY

Board

$164K

40 hrs/wk

BRIAN HUTCHINSON

CHIEF DEV. OFFICER

Board

$137K

40 hrs/wk

SHANE DARRISAW

PRESIDENT MPACT PRO

Board

$136K

40 hrs/wk

WILEY FAW

CFO

Board

$132K

40 hrs/wk

SHIRIE HAWKINS

PRES EVERYTHING EQUITY

Board

$131K

40 hrs/wk

DANIEL HEFFERNAN

PRESIDENT NMTC

Board

$126K

40 hrs/wk

MARITA WILLIS

PRES. COMMUNITY ENGAGEMENT

Board

$107K

40 hrs/wk

THOMAS MURRO

PRESIDENT CHEF SPACE

Board

$93K

40 hrs/wk

ROBERT BURNS

CHIEF DATA OFFICER

Board

$87K

40 hrs/wk

JEFF POE

PRESIDENT HOUSING

Board

$85K

40 hrs/wk

VICTORIA BENSON

PRES MSTRD SEED HILL

Board

$80K

40 hrs/wk

MARK JOHNSON

PRESIDENT OF ART INC

Board

$61K

40 hrs/wk

LARRY JOHNSON

DIRECTOR

Board

1 hrs/wk

RAYMOND DANIELS

DIRECTOR

Board

1 hrs/wk

LORRAIN SMOOT

DIRECTOR

Board

1 hrs/wk

JEFF KOONCE

DIRECTOR

Board

1 hrs/wk

JOHN DOUGLAS

DIRECTOR

Board

1 hrs/wk

CHARLES DUKE

DIRECTOR

Board

1 hrs/wk

ARTIE FORD

DIRECTOR

Board

1 hrs/wk

JERRY JOHNSTON

DIRECTOR

Board

1 hrs/wk

DEBORAH WILLIAMS

DIRECTOR

Board

1 hrs/wk

ARTHUR SALOMON

DIRECTOR

Board

1 hrs/wk

JOHN WATZ

CHAIRMAN

Board

1 hrs/wk

JOJUANA LEAVELL-GREENE

VICE CHAIRWOMAN

Board

1 hrs/wk

REVEREND FRED MITCHELL

SECRETARY

Board

1 hrs/wk

ROBERT HENRY

DIRECTOR

Board

1 hrs/wk

MICHAEL BERRYMAN

VP E HOME

Staff

$113K

40 hrs/wk

OTIS SINGLETON

DIRECTOR OF FINANCE

Staff

$107K

40 hrs/wk

KRISTA BUCKEL

DIRECTOR BRAND STRATEGY

Staff

$106K

40 hrs/wk

PHILLIP CAVE

CONTROLLER

Staff

$105K

40 hrs/wk

LYNN LITTREL

SENIOR VP COMMERIAL LENDIN

Staff

$101K

40 hrs/wk

Independent contractors

MITCHELL CONSTRUCTION MANAGEMENT

CONSTRUCTION

$2.2M

MICHAEL ROSS

CONSTRUCTION

$530K

STITES AND HARBISON LLC

LEGAL

$490K

NATIONAL CONTRACTING SERVICES

CONSTRUCTION

$156K

YARD GROUP LLC

PROJECT MGMT

$153K

Grants received

Showing 35 of 35

FromAmountPurposeYear
$566K
STRENGTHENS COMMUNITIES BY HELPING PEOPLE ACHIEVE THEIR DREAMS OF GREATER ECONOMIC OPPORTUNITY.
2024
$139K
FUTHERANCE OF ORGANIZATION'S MISSION
2024
$60K
1 grant(s) for varying purposes
2024
$4K
conference room carpet
2024
$2K
CHRISTMAS AT MUSTARD SEED HILL
2024
$2.0M
CONTINUANCE OF MISSION
2023
$114K
FUTHERANCE OF ORGANIZATION'S MISSION
2023
$77K
UNRESTRICTED
2023
$15K
CHARITABLE DONATION
2023
$1M
WEST END OPPORTUNITY PARTNERSHIP
2022
$325K
2 GRANT(S) FOR VARYING PURPOSES
2022
$113K
FUTHERANCE OF ORGANIZATION'S MISSION
2022
$100K
OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
2022
$90K
FUND COMMUNITY ACCESSIBILITY PROJECTS
2022
$44K
FURTHERANCE OF ORGANIZATIONS MISSION
2022
$25K
DISASTER RELIEF GRANT
2022
$100K
CF RELENDING
2021
$135K
EMERGENCY BUSINESS ASSISTANCE GRANT
2020
$150K
Charitable Donation
2019
$10K
FIRST TIME HOMBUYER EDUCATION
2019
$30K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2018
$30K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2018
$6K
ArtsMatch
2018
$100
GENERAL OPERATING SUPPORT
2018
$504K
EXPENDABLE GRANTS
2017
$25K
TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION
2017

Funded by

$9.1M from 20 funders · 35 grants · 2017–2024

Neighborhood Reinvestment Corporation

$3.9M · 7 grants · 2017–2023

Russell Development Company Inc

$2.0M · 1 grant · 2023

Guild Giving Foundation

$566K · 1 grant · 2024

The Winston-Salem Foundation

$385K · 2 grants · 2022–2024

The Met Development Inc

$366K · 3 grants · 2022–2024

Opportunity Finance Network

$200K · 2 grants · 2021–2022

Charities Aid Foundation America

$165K · 2 grants · 2019–2023

Details

EIN311064807
NTEE codeS99Z
Subsection03
Ruling date1983-07
Formed1982
Employees61
Volunteers0
COMMUNITY VENTURES CORPORATION INC — Mission, Financials & Grants Received | Grantivo