Kentucky · Nonprofit
COMMUNITY VENTURES CORPORATION
COMMUNITY VENTURES CORPORATION (Kentucky) receives grants from 34 organizations whose IRS filings report $15,877,328 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($4,886,599). 16 of them have funded it in more than one year.
- Revenue FY2024
- $12M
- Funders on record
- 34
- Grants received
- $16M
- Net assets
- $33M
What Community Ventures Corporation does
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.
As stated on its FY2024 Form 990.
Programs
Providing lending assistance to low-income individuals seeking first time home ownership and low income business owners. Advantages of cvc's lending programs over conventional financing include: low down payments, fixed interest rates, long terms, low interest rates, and the ability for loan fees to be financed in the loan. Examples of programs operated to facilitate lending assistance are; 1) department of treasury (community development financial institutions funds) - provides assistance to strengthen and expand community development to low-income individuals 2) the community housing development organization ("chdo") - represents funds provided by a community-based service organization that has significant capacity to develop affordable housing for the community it serves.
$4,420,604 spent$2,288,699 earned by the program36% of program spendingCommunity 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.
$2,936,540 spentof which $939,708 as grants$375,783 earned by the program24% of program spendingCvc 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.
$3,527,298 spent$2,873,063 earned by the program28% of program spendingOther significant services provide by the organization include property management and rental of proptery is significantly economically distressed areas.
$1,547,660 spent$906,791 earned by the program12% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $12,432,102.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $86M to $100M (+17%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 44% · 2018 33% · 2019 33% · 2020 27% · 2021 38% · 2022 54% · 2023 38% · 2024 40%. Grants only. Government contracts and fees sit inside program revenue.
42% of COMMUNITY VENTURES CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Kevin Smith
President & CEO
Board chair
John Watz
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 7 funders, grant income rose $538k → $1.4M.
4 of 34 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 5% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of COMMUNITY VENTURES CORPORATION’s funders (the co-funder graph). Top 30 of 34 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
COMMUNITY VENTURES CORPORATION leans on a few funders — its largest provides 31% of grant income and the top three 68%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
54% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund COMMUNITY VENTURES CORPORATION.
Largest funder’s share by year: 2017 94% · 2018 54% · 2019 86% · 2020 33% · 2021 77% · 2022 43% · 2023 42% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
6% of COMMUNITY VENTURES CORPORATION's funders are still giving 3 years after their first grant; 47% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
COMMUNITY VENTURES CORPORATION draws 70% of its grant income from funders outside Kentucky, across 14 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $757k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
COMMUNITY VENTURES CORPORATION holds deeper cash reserves than three-quarters of the 659 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 659 community improvement nonprofits $10M–$100M, FY2024
Government funding COMMUNITY VENTURES CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $36.6M on record.
- Department of Agriculture$11.4M
- Department of the Treasury$9.6M
- Small Business Administration$8.5M
- Department of Commerce$4.0M
- Department of Health and Human Services$1.6M
- Appalachian Regional Commission$1.5M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like COMMUNITY VENTURES CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Kentucky
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
83% of spending goes to programs.
Governance
Public support
98%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 9 related entities
- Community Ventures Properties LLC · disregarded
- Community Reinvestment Properties · disregarded
- Cvc Funding Company I LLC · disregarded
- Chef Space LLC · disregarded
- Cv Midland Companies LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for COMMUNITY VENTURES CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds COMMUNITY VENTURES CORPORATION?
- COMMUNITY VENTURES CORPORATION (Kentucky) receives grants from 34 organizations whose IRS filings report $15,877,328 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($4,886,599). 16 of them have funded it in more than one year.
- How many funders does COMMUNITY VENTURES CORPORATION have?
- IRS filings report 34 organizations giving $15,877,328 in grants to COMMUNITY VENTURES CORPORATION, 16 of which have funded it in more than one year.
- Who is the largest funder of COMMUNITY VENTURES CORPORATION?
- NEIGHBORHOOD REINVESTMENT CORPORATION is the largest funder on record, with $4,886,599 in grants. The full list of funders is on this page.
- How can an organization like COMMUNITY VENTURES CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Kentucky. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 34 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing