Skip to content
Nonprofiteer
← COMMUNITY VENTURES CORPORATION INC

Form 990 for tax year 2023

Filed by COMMUNITY VENTURES CORPORATION INC.

Totals

Total revenue
$22,172,764
Total expenses
$21,084,467
Contributions and grants received
$10,705,415
Grants paid
$2,509,060
Program service revenue
$6,585,297
Investment income
$1,849,009
Other revenue
$3,033,043
Total assets, end of year
$86,001,950
Total liabilities, end of year
$49,679,558
Net assets or fund balances, end of year
$36,322,392
Program services expenses (Part IX)
$18,597,924
Management and general expenses
$1,929,923
Fundraising expenses
$556,620
Program service expenses (Part III)
$18,597,924

Program services were 88.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JEFF KOONCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES DUKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RAYMOND DANIELS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LORRAIN SMOOT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN DOUGLAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ARTIE FORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JERRY JOHNSTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LARRY JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ARTHUR SALOMON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT HENRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN WATZ

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOJUANA LEAVELL-GREENE

    VICE CHAIRWOMAN

    Total calculated
    $0
    Hours/week
    1

  • REVEREND FRED MITCHELL

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRIAN HUTCHINSON

    CHIEF DEV. OFFICER

    Total calculated
    $164,060
    From this org
    $126,200
    From related orgs
    $0
    Other
    $37,860
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,200
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $37,860
    Filer's total
    $164,060

  • ROBERT BURNS

    PRES MSTRD SEED HILL

    Total calculated
    $115,302
    From this org
    $85,409
    From related orgs
    $0
    Other
    $29,893
    Hours/week
    40

  • OTIS SINGLETON

    DIRECTOR OF FINANCE

    Total calculated
    $143,748
    From this org
    $106,480
    From related orgs
    $0
    Other
    $37,268
    Hours/week
    40

  • THOMAS MURRO

    PRESIDENT CHEF SPACE

    Total calculated
    $137,970
    From this org
    $102,200
    From related orgs
    $0
    Other
    $35,770
    Hours/week
    40

  • SHANE DARRISAW

    PRESIDENT MPACT PRO

    Total calculated
    $195,750
    From this org
    $135,000
    From related orgs
    $0
    Other
    $60,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $60,750
    Filer's total
    $195,750

  • BRENDA WEAVER

    PRESIDENT HOUSING

    Total calculated
    $212,746
    From this org
    $163,651
    From related orgs
    $0
    Other
    $49,095
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,651
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $49,095
    Filer's total
    $212,746

  • DANIEL HEFFERNAN

    PRESIDENT NMTC

    Total calculated
    $182,143
    From this org
    $134,921
    From related orgs
    $0
    Other
    $47,222
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,921
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $47,222
    Filer's total
    $182,143

  • SHIRIE HAWKINS

    PRES EVERYTHING EQUITY

    Total calculated
    $134,810
    From this org
    $130,000
    From related orgs
    $0
    Other
    $4,810
    Hours/week
    40

  • WILEY FAW

    CHIEF OPERATING OFFI

    Total calculated
    $191,340
    From this org
    $131,300
    From related orgs
    $0
    Other
    $60,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,300
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $60,040
    Filer's total
    $191,340

  • MARK JOHNSON

    PRESIDENT OF ART INC

    Total calculated
    $94,842
    From this org
    $70,253
    From related orgs
    $0
    Other
    $24,589
    Hours/week
    40

  • MILTON SHARP

    PRESIDENT - EHOME

    Total calculated
    $198,465
    From this org
    $151,500
    From related orgs
    $0
    Other
    $46,965
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,500
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $46,965
    Filer's total
    $198,465

  • KEVIN SMITH

    PRESIDENT & CEO

    Total calculated
    $332,679
    From this org
    $244,617
    From related orgs
    $0
    Other
    $88,062
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $244,617
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $88,062
    Filer's total
    $332,679

  • MICHAEL BERRYMAN

    VP E HOME

    Total calculated
    $161,528
    From this org
    $119,650
    From related orgs
    $0
    Other
    $41,878
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,650
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $41,878
    Filer's total
    $161,528

  • MARITA WILLIS

    PRES. COMMUNITY ENGAGEMENT

    Total calculated
    $158,220
    From this org
    $117,200
    From related orgs
    $0
    Other
    $41,020
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,200
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $41,020
    Filer's total
    $158,220

  • PHILLIP CAVE

    CONTROLLER

    Total calculated
    $144,378
    From this org
    $106,947
    From related orgs
    $0
    Other
    $37,431
    Hours/week
    40

  • LYNN LITTREL

    SENIOR VP COMMERIAL LENDIN

    Total calculated
    $142,795
    From this org
    $105,774
    From related orgs
    $0
    Other
    $37,021
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • COMMUNITY VENTURES PROPERTIES LLC

    COMM DEV · KY

    Directly controlled by CVC

  • COMMUNITY REINVESTMENT PROPERTIES

    COMM DEV · KY

    Directly controlled by CVC

  • CVC FUNDING COMPANY I LLC

    COMM DEV · KY

    Directly controlled by CVC

  • CHEF SPACE LLC

    COMM DEV · KY

    Directly controlled by CVC

  • CV MIDLAND COMPANIES LLC

    COMM DEV · KY

    Directly controlled by CVC

  • MPACT PRO LLC

    COMM DEV · KY

    Directly controlled by CVC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423209349307547

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.