Overview
What is Community Development Venture Capital Alliance?
Community Development Venture Capital Alliance, based in New York, NY, serves as a network and field-building organization for the community development venture capital industry. Their mission is to promote the availability and utilization of flexible equity risk capital to foster business growth, create quality jobs, and generate productive wealth, ultimately improving the livelihoods of low-income individuals and revitalizing distressed communities. They achieve this through training, networking, peer learning, best practices development, and influencing public policy. With a team of eight dedicated professionals, CDVCA plays a crucial role in building the field of community development venture capital funds.
Official website here: www.cdvca.org
Is Community Development Venture Capital Alliance legitimate?
Community Development Venture Capital Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Development Venture Capital Alliance 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.
Here are some key statistics you may want to consider:
Executive Compensation: $511,841
Professional Fundraising Fees: $0
Other Salaries and Wages: $527,165
For more financial information, click here
What is the mission statement of Community Development Venture Capital Alliance?
The Community Development Venture Capital Alliance (CDVCA) serves as the network and field-building organization for the community development venture capital industry. Its mission is to promote the availability and utilization of flexible equity risk capital, which fuels business growth. This, in turn, creates good jobs, productive wealth, and entrepreneurial capacity that enhance the livelihoods of low-income individuals and revitalize the economies of distressed communities. CDVCA operates as a platform to facilitate the networking and collaboration within the community development venture capital industry, thereby contributing to its growth and impact.
Official website here: www.cdvca.org
Who is the CEO of Community Development Venture Capital Alliance?
Kerwin Tesdell is the Chairman of Community Development Venture Capital Alliance.
Official website here: www.cdvca.org
What is the revenue of Community Development Venture Capital Alliance?
Community Development Venture Capital Alliance's revenue in 2022 was $4,721,634.
Official website here: www.cdvca.org
Who are the executives of Community Development Venture Capital Alliance and what are their salaries?
The average compensation at Community Development Venture Capital Alliance during 2022 was $129,876. There are 8 employees and 4 volunteers at Community Development Venture Capital Alliance.
Here are 8 key members and their salaries:
- Kerwin Tesdell (President) [Trustee/Director]
- Ernesto Villarini (Managing Director)
- Alexandria Harris (Vice President)
- Alan Bernstein (Treasurer / Managing Director)
- Nathaniel Henshaw (Chairman) [Trustee/Director]
- Tom Loy (Director)
- Stanley Tucker (Director)
- Myrna Rivera (Director)
Official website here: www.cdvca.org
Where can I find the form 990 for Community Development Venture Capital Alliance?
The Community Development Venture Capital Alliance’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.cdvca.org
Learn more at the official website: www.cdvca.org
Mission Statement of Community Development Venture Capital Alliance
The Community Development Venture Capital Alliance, often referred to as CDVCA, serves as a network and field-building organization for the community development venture capital industry. Its mission is to advocate for and facilitate the availability and utilization of flexible equity risk capital. This capital is instrumental in fostering business growth, leading to the creation of good jobs, productive wealth, and entrepreneurial capacity. This, in turn, aims to enhance the livelihoods of low-income individuals and stimulate economic growth in distressed communities. By promoting the use of this risk capital, CDVCA plays a crucial role in nurturing businesses and empowering communities, thereby contributing to overall socio-economic development.
Impact
This information is meant to be a general summary of Community Development Venture Capital Alliance. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Community Development Venture Capital Alliance's impact is significant in fueling business growth to create good jobs, productive wealth, and entrepreneurial capacity in low-income communities and distressed areas. Through promoting the availability and use of flexible equity risk capital, CDVCA plays a crucial role in advancing the livelihoods of individuals in need and boosting the economies of struggling regions. By building the field of community development venture capital funds, providing training, networking opportunities, and influencing public policy, CDVCA actively contributes to improving communities and fostering sustainable economic development.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT AND OTHER F
Revenue
$3,226,110
OTHER EARNED INCOME
Revenue
$13,200
Organization Details
Founding Year
1995
Phone
(212) 594-6747
Principal Officer
Kerwin Tesdell
Main Address
475 RIVERSIDE DRIVE 1264, NEW YORK, NY, 10115
Website
www.cdvca.org
NTEE Category
Code: S31 - Community improvement
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