Virginia · Nonprofit
Virginia Beach Community Development Corporation
Virginia Beach Community Development Corporation (Virginia) receives grants from 11 organizations whose IRS filings report $739,162 to it, the largest being CORPORATION FOR SUPPORTIVE HOUSING ($300,000). 5 of them have funded it in more than one year.
- Revenue FY2025
- $8.0M
- Funders on record
- 11
- Grants received
- $739k
- Net assets
- $13M
What Virginia Beach Community Development Corporation does
Mission
To assist the city of Virginia Beach by partnering with the public and private sectors to provide quality affordable housing opportunities to low and moderate income people.
As stated on its FY2025 Form 990.
Program
Permanent rental housing funds include income and expenses directly associated with the rental of affordable low-income housing under Noah, Home, Housing First, Biznet, Atlantis Manor, Cape Henry, Ocean Trace, Beach Park and Beach Park West Apartment Projects. In addition, Veterans First Housing Assistance, support services for veterans families (SSVF) grant activity, project development fee income and investment activity are recorded under permanent rental housing funds.
$8,076,363 spent$5,524,748 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $8,076,363.
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 2020 to 2021, from $31M to $36M (+16%).
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 33% · 2018 21% · 2019 22% · 2020 24% · 2021 45% · 2022 34% · 2023 31% · 2024 30% · 2025 29%. Grants only. Government contracts and fees sit inside program revenue.
30% of Virginia Beach Community Development 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. 6 of the last 9 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.
Board chair
David Crain
President/Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $6k → $15k.
2 of 11 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 2% 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 Virginia Beach Community Development Corporation’s funders (the co-funder graph). 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
Virginia Beach Community Development Corporation leans on a few funders — its largest provides 41% of grant income and the top three 77%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
93% 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 Virginia Beach Community Development Corporation.
Largest funder’s share by year: 2017 100% · 2020 50% · 2021 70% · 2022 75% · 2023 66% — 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
60% of Virginia Beach Community Development Corporation's funders are still giving 3 years after their first grant; 45% 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
Virginia Beach Community Development Corporation draws 59% of its grant income from funders outside Virginia, across 6 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $13k arriving through sponsors registered in 2 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
Virginia Beach Community Development Corporation's funding base is broadening — from 1 funders to 3 as grant income climbed.
this organization peer median middle 50% of peers· 2,127 community improvement nonprofits $1M–$10M, FY2025
Government funding Virginia Beach Community Development Corporation receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $18.7M on record.
- Department of Veterans Affairs$16.9M
- Department of Housing and Urban Development$1.8M
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 Virginia Beach Community Development 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 Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
90% of spending goes to programs.
Governance
Public support
97%
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 6 related entities
- Cornerstone Property Ventures LLC · disregarded
- City of Virginia Beach · exempt
- Cedar Grove 2011 LP · partnership
- Cypress Landing LLC · partnership
- Vets Housing Inc · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for Virginia Beach Community Development 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 Virginia Beach Community Development Corporation?
- Virginia Beach Community Development Corporation (Virginia) receives grants from 11 organizations whose IRS filings report $739,162 to it, the largest being CORPORATION FOR SUPPORTIVE HOUSING ($300,000). 5 of them have funded it in more than one year.
- How many funders does Virginia Beach Community Development Corporation have?
- IRS filings report 11 organizations giving $739,162 in grants to Virginia Beach Community Development Corporation, 5 of which have funded it in more than one year.
- Who is the largest funder of Virginia Beach Community Development Corporation?
- CORPORATION FOR SUPPORTIVE HOUSING is the largest funder on record, with $300,000 in grants. The full list of funders is on this page.
- How can an organization like Virginia Beach Community Development Corporation find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Virginia Beach Community Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 11 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