Overview
What is Village Capital Corporation?
Village Capital Corporation, based in Cleveland, Ohio, is a nonprofit organization dedicated to revitalizing underserved neighborhoods in Northeast Ohio. They achieve this goal by providing strategic capital for real estate development projects. These projects aim to eliminate blight, offer quality housing and commercial assets, generate employment opportunities, foster economic diversity and inclusion, and promote positive social outcomes for local residents. Their mission primarily focuses on investing in the city of Cleveland and supporting minority contractors.
Official website here: www.clevelandnp.org
What do the Facebook reviews say about Village Capital Corporation?
98% of 10 reviewers on Facebook recommend Village Capital Corporation. Here is a summary of their reviews:
The overwhelming sentiment among the few reviews available reflects a strong appreciation for the community and opportunities that the organization fosters. While specific remarks regarding the organization's services are limited, the general enthusiasm for the region and its neighborhoods suggests that Village Capital Corporation is positively impacting the Cleveland area.
Overall, the high recommendation rate indicates that people feel positively about what Village Capital Corporation stands for, suggesting a sense of trust and satisfaction within the community it serves.
This AI summary has been generated from reviews found on Facebook.
Is Village Capital Corporation legitimate?
Village Capital Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Village Capital 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $311,210
For more financial information, click here
Official website here: www.clevelandnp.org
What is the mission statement of Village Capital Corporation?
Village Capital Corporation's mission is centered around revitalizing underserved communities. They achieve this primarily through commercial lending, focusing on projects in the city of Cleveland. The corporation's investments aim to address various issues, including eliminating blight, providing quality housing and commercial assets, creating job opportunities, promoting economic diversity and inclusion, and fostering positive social outcomes for local residents. By supporting strategic real estate development projects, they serve as a catalyst for community transformation.
Official website here: www.clevelandnp.org
Who is the CEO of Village Capital Corporation?
Dione Alexander is the President of Village Capital Corporation.
Official website here: www.clevelandnp.org
What is the revenue of Village Capital Corporation?
Village Capital Corporation's revenue in 2022 was $2,325,742.
Official website here: www.clevelandnp.org
Who are the executives of Village Capital Corporation and what are their salaries?
There 18 volunteers at Village Capital Corporation.
Here are 19 key members and their salaries:
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- Related: $179,813
- Other: $10,498
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- Related: $218,380
- Other: $12,070
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- Compensation: $0
- Related: $119,429
- Other: $13,994
- Compensation: $0
- Related: $116,829
- Other: $13,374
Official website here: www.clevelandnp.org
Where can I find the form 990 for Village Capital Corporation?
Village Capital Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clevelandnp.org
Learn more at the official website: www.clevelandnp.org
Mission Statement of Village Capital Corporation
Village Capital Corporation, a nonprofit organization, is dedicated to revitalizing underserved communities by investing in their development. Their mission primarily involves providing commercial lending, focusing on projects in the city of Cleveland. This investment strategy aims to address various needs of the community, including the elimination of blight, the creation of quality housing and commercial assets, the generation of jobs, and the promotion of economic diversity and inclusion. The ultimate goal is to bring about positive social outcomes for the residents of these communities. By deploying capital to such projects, Village Capital Corporation serves as a catalyst for revitalization, contributing to the overall improvement and well-being of the underserved neighborhoods it supports.
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Impact
October, 2024
Village Capital Corporation significantly impacts the revitalization of Northeast Ohio's underserved communities by strategically investing in real estate development projects. By providing essential capital, VCC plays a crucial role in eliminating blight and enhancing the quality of housing and commercial assets in the region. Their efforts create jobs, promote economic diversity and inclusion, and foster positive social outcomes for local residents. Focused on areas primarily within Cleveland, VCC also emphasizes the development of minority contractors, further strengthening the community's economic fabric and encouraging sustainable growth. Through these initiatives, Village Capital Corporation serves as a catalyst for meaningful change, contributing to a more vibrant and resilient neighborhood.
This information is meant to be a general summary of Village Capital 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 2022.
- Investment Income: $2,122
- Program Service Revenue: $723,620
- Gross Receipts: $2,325,742
Assets and Liabilities:
- Total Assets: $24,042,217
- Total Liabilities: $16,810,618
- Net Assets: $7,231,599
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees - PS loans
Revenue
$658,549
Interest - PS loans
Revenue
$65,071
Organization Details
Founding Year
1992
Phone
(216) 830-2770Principal Officer
Dione Alexander
Main Address
11327 Shaker Boulevard 500W, Cleveland, OH, 44104
Website
www.clevelandnp.orgNTEE Category
Code: S200 - Community improvement
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