NonprofitsVirginia Community Development Fund Inc

Housing & Shelter

Virginia Community Development Fund Inc

RICHMOND, VA

Total revenue

$2.4M

Total expenses

$1.5M

Net assets

$13.5M

Grants received

$1.2M

7 grants

EIN

541914519

Tax year

2024

Mission

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.

Financials

FY 2024

Revenue

Contributions & grants$1.1M
Program service revenue$827K
Investment income$416K
Other revenue
Total revenue$2.4M

Expenses

Grants paid
Salaries & benefits$261K
Fundraising
Other expenses$1.2M
Total expenses$1.5M
Total assets$15.8M
Net assets$13.5M

People

10 listed

NameRoleCompensation

John PSalop

President

Board

1 hrs/wk

Robert Newman

Treasurer

Board

2 hrs/wk

Neil Amin

Board Member

Board

1 hrs/wk

Karen Wilds

Vice President

Board

1 hrs/wk

Laura Dupuy

Secretary

Board

38 hrs/wk

Andy Kegley

Board Member

Board

1 hrs/wk

Philip Stetson

Board Member

Board

1 hrs/wk

Karen Jacobson

Board Member

Board

1 hrs/wk

Philip Brooks

Board Member

Board

1 hrs/wk

Junior Burr

Board Member

Board

1 hrs/wk

Independent contractors

Ariel Ventures LLC

Professional Fees

$152K

Grants received

Showing 7 of 7

FromAmountPurposeYear
$300K
OPERATING GRANT
2024
$50K
1 grant(s) for varying purposes
2024
$32K
DOWNTOWN APPALACHIA: REVITALIZING RECREATIONAL ECONOMIES
2024
$25K
ECONOMIC PROSPERITY
2023
$25K
DOWNTOWN APPALACHIA: REVITALIZING RECREATIONAL ECONOMIES
2023
$375K
1 GRANT(S) FOR VARYING PURPOSES
2022
$350K
Economic Development in East End
2017

Funded by

$1.2M from 5 funders · 7 grants · 2017–2024

The Winston-Salem Foundation

$425K · 2 grants · 2022–2024

Opportunity Finance Network

$300K · 1 grant · 2024

West Virginia Community Development Hub

$56K · 2 grants · 2023–2024

The Community Foundation Inc

$25K · 1 grant · 2023

Details

EIN541914519
NTEE codeL11
Subsection03
Ruling date2000-07
Formed1996
Employees0
Volunteers0
VIRGINIA COMMUNITY DEVELOPMENT FUND INC — Mission, Financials & Grants Received | Grantivo