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← VIRGINIA COMMUNITY DEVELOPMENT FUND INC

Form 990 for tax year 2023

Filed by VIRGINIA COMMUNITY DEVELOPMENT FUND INC.

Totals

Total revenue
$5,575,731
Total expenses
$1,106,627
Contributions and grants received
$4,994,605
Grants paid
$0
Program service revenue
$430,256
Investment income
$150,870
Other revenue
$0
Total assets, end of year
$13,782,493
Total liabilities, end of year
$1,191,372
Net assets or fund balances, end of year
$12,591,121
Program services expenses (Part IX)
$1,019,791
Management and general expenses
$86,836
Fundraising expenses
$0
Program service expenses (Part III)
$1,019,791

Program services were 92.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • John PSalop

    President

    Total calculated
    $0
    Hours/week
    1

  • Robert Newman

    Treasurer

    Total calculated
    $284,972
    From this org
    $0
    From related orgs
    $232,781
    Other
    $52,191
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $232,781 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,000 related
    Nontaxable benefits
    $0 + $28,191 related
    Filer's total
    $0 + $284,972 related

  • Neil Amin

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Karen Wilds

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Laura Dupuy

    Secretary

    Total calculated
    $129,854
    From this org
    $0
    From related orgs
    $109,000
    Other
    $20,854
    Hours/week
    38

  • Andy Kegley

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Philip Stetson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Karen Jacobson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Philip Brooks

    Board Member

    Total calculated
    $0
    Hours/week
    1

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

No itemized grants to organizations 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.

Related partnerships

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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403199349310705

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