Overview
What is Virginia Housing And Community Development Corporation?
Virginia Housing and Community Development Corporation (VHCDC) is a nonprofit organization situated in Suffolk, Virginia. Their primary mission is to educate, empower, and support individuals, families, and minority business owners. They strive to help these groups build wealth, access capital and credit, and achieve home ownership. VHCDC accomplishes this mission through various wealth-building initiatives, homeownership education and assistance, small business financing, and the acquisition and rehabilitation of distressed housing in targeted communities. Recently, they undertook the rehabilitation of a two-story duplex in Hampton, Virginia.
Official website here: www.vhcdc.net
Is Virginia Housing And Community Development Corporation legitimate?
Virginia Housing And Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Housing And Community Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Other Salaries and Wages: $37,353
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Official website here: www.vhcdc.net
What is the mission statement of Virginia Housing And Community Development Corporation?
The mission of Virginia Housing and Community Development Corporation (VHCDC) is centered around educating and empowering individuals, families, and minority business owners. Their goal is to help these groups build wealth, gain access to capital and credit, and ultimately achieve home ownership. VHCDC accomplishes this through various wealth-building initiatives, home ownership education and assistance, small business financing, and the acquisition and rehabilitation of distressed housing in targeted communities.
Official website here: www.vhcdc.net
What is the revenue of Virginia Housing And Community Development Corporation?
Virginia Housing And Community Development Corporation's revenue in 2023 was $128,318.
Official website here: www.vhcdc.net
Who are the executives of Virginia Housing And Community Development Corporation and what are their salaries?
The average compensation at Virginia Housing And Community Development Corporation during 2023 was $7,471. There are 5 employees and 10 volunteers at Virginia Housing And Community Development Corporation.
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Official website here: www.vhcdc.net
Where can I find the form 990 for Virginia Housing And Community Development Corporation?
Virginia Housing And Community Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vhcdc.net
Learn more at the official website: www.vhcdc.net
Mission Statement of Virginia Housing And Community Development Corporation
Virginia Housing and Community Development Corporation, abbreviated as VHCDC, is devoted to educating and empowering individuals, families, and minority business owners to build wealth, access capital and credit, and achieve home ownership. This nonprofit organization accomplishes its mission through a consistent stream of wealth-building initiatives, home ownership education and assistance, small business financing, and the acquisition and rehabilitation of distressed housing in targeted communities. By offering these services, VHCDC strives to equip its beneficiaries with the necessary tools to improve their financial well-being and ultimately achieve the goal of homeownership.
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Impact
August, 2024
Virginia Housing And Community Development Corporation's impact includes educating and empowering individuals, families, and minority business owners to build wealth, access capital and credit, and achieve home ownership. They have trained 75 first-time home buyers, educated 357 individuals on wealth building techniques, accessing capital, and financial management entrepreneur scholarship, and provided pre-purchase counsel. Additionally, the corporation acquired a 2-story duplex in Hampton, Virginia for rehabilitation as part of its programs. Through their community development mission, they are making a tangible difference in the lives of those they serve in Suffolk, VA.
This information is meant to be a general summary of Virginia Housing And Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,276
- Program Service Revenue: $16,193
- Gross Receipts: $132,311
Assets and Liabilities:
- Total Assets: $20,594
- Total Liabilities: $248,769
- Net Assets: -$228,175
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Income
Revenue
$16,193
Organization Details
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