Virginia · Nonprofit
Virginia Community Development Corp
Virginia Community Development Corp (Virginia) receives grants from 2 organizations whose IRS filings report $185,000 to it, the largest being VIRGINIA NONPROFIT HOUSING COALITION ($165,000). 1 of them have funded it in more than one year.
- Revenue FY2024
- $2.5M
- Funders on record
- 2
- Grants received
- $185k
- Net assets
- $7.3M
What Virginia Community Development Corp does
Mission
VCDC delivers vital financial resources and support while collaborating with local organizations dedicated to social impact, ensuring the creation of affordable homes in vibrant neighborhoods where everyone can thrive.
As stated on its FY2024 Form 990.
Program
VCDC serves communities by adding value through the development, funding and management of affordable housing and community revitalization projects. VCDC has worked with Low Income Housing Tax Credit projects since that programs inception and was the first manager of tax credit equity funds in Virginia. We connect developers, investors, and communities with the mission to build affordable housing and revitalize historic properties in order to create thriving neighborhoods that benefit all residents. We envision a future where everyone succeeds in communities anchored by affordable homes, healthy neighborhoods, and economic security.
$2,013,003 spent$2,325,393 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $2,013,003.
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 2019 to 2020, from $5.5M to $6.9M (+26%).
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.
4% of Virginia Community Development Corp’s revenue is contributions — about as donation-reliant as the typical peer (39% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 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
Robert L Newman
President & CEO
Board chair
Philip Brooks
Board Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base held at 1 funder, grant income rose $20k → $25k.
From the IRS filings of Virginia Community Development Corp’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 Community Development Corp leans on a few funders — its largest provides 89% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
89% 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 Community Development Corp.
Largest funder’s share by year: 2017 100% · 2018 100% · 2019 50% · 2020 100% · 2022 100% · 2023 100% — broadly stable.
“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.
Where its funders are
100% of Virginia Community Development Corp's grant income comes from Virginia funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. 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 Community Development Corp is better cushioned than half of the 3,973 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 3,973 housing & shelter nonprofits $1M–$10M, FY2024
Organizations like Virginia Community Development Corp
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
72% of spending goes to programs.
Governance
Public support
99%
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 39 related entities
- Virginia Community Development Advisory Services · disregarded
- Virginia Community Development Fund Inc · exempt
- Housing Capital Corporation of Virginia · exempt
- Housing Equity Fund of Virginia XI LLC · partnership
- Housing Equity Fund of Kentucky I LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for Virginia Community Development Corp: 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 Community Development Corp?
- Virginia Community Development Corp (Virginia) receives grants from 2 organizations whose IRS filings report $185,000 to it, the largest being VIRGINIA NONPROFIT HOUSING COALITION ($165,000). 1 of them have funded it in more than one year.
- How many funders does Virginia Community Development Corp have?
- IRS filings report 2 organizations giving $185,000 in grants to Virginia Community Development Corp, 1 of which have funded it in more than one year.
- Who is the largest funder of Virginia Community Development Corp?
- VIRGINIA NONPROFIT HOUSING COALITION is the largest funder on record, with $165,000 in grants. The full list of funders is on this page.
- How can an organization like Virginia Community Development Corp 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.
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 2 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