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← FCHC VIRGINIA COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by FCHC VIRGINIA COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,880,624
Total expenses
$1,767,885
Contributions and grants received
$1,083,806
Grants paid
$25,000
Program service revenue
$720,662
Investment income
$76,156
Other revenue
$0
Total assets, end of year
$7,597,717
Total liabilities, end of year
$6,986,892
Net assets or fund balances, end of year
$610,825
Program services expenses (Part IX)
$1,577,606
Management and general expenses
$190,279
Fundraising expenses
$0
Program service expenses (Part III)
$1,577,606

Program services were 89.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • RICHARD F BURNS

    PRESIDENT

    Total calculated
    $717,652
    From this org
    $0
    From related orgs
    $699,998
    Other
    $17,654
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $474,998 related
    Bonus
    $0 + $225,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,654 related
    Filer's total
    $0 + $717,652 related

  • THOMAS G VACCARO

    COO AND SECRETARY

    Total calculated
    $307,550
    From this org
    $273,654
    From related orgs
    $0
    Other
    $33,896
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,000
    Bonus
    $75,000
    Other
    $23,654
    Deferred
    $2,000
    Nontaxable benefits
    $31,896
    Filer's total
    $307,550

  • DONG BUI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH P WIEDORFER

    VICE PRESIDENT

    Total calculated
    $350,737
    From this org
    $0
    From related orgs
    $329,615
    Other
    $21,122
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,615 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $30,000 related
    Deferred
    $0 + $2,000 related
    Nontaxable benefits
    $0 + $19,122 related
    Filer's total
    $0 + $350,737 related

  • STEPHEN M GREEN

    VICE PRESIDENT

    Total calculated
    $567,708
    From this org
    $0
    From related orgs
    $530,000
    Other
    $37,708
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $325,000 related
    Bonus
    $0 + $175,000 related
    Other
    $0 + $30,000 related
    Deferred
    $0 + $2,000 related
    Nontaxable benefits
    $0 + $35,708 related
    Filer's total
    $0 + $567,708 related

  • ALLA ELEON

    TREASURER AND CAO

    Total calculated
    $349,021
    From this org
    $0
    From related orgs
    $324,423
    Other
    $24,598
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,423 related
    Bonus
    $0 + $55,000 related
    Other
    $0 + $30,000 related
    Deferred
    $0 + $2,000 related
    Nontaxable benefits
    $0 + $22,598 related
    Filer's total
    $0 + $349,021 related

  • FREDERICK MITCHELL

    SENIOR VICE PRESIDENT

    Total calculated
    $290,435
    From this org
    $0
    From related orgs
    $280,000
    Other
    $10,435
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,000 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $30,000 related
    Deferred
    $0 + $2,000 related
    Nontaxable benefits
    $0 + $8,435 related
    Filer's total
    $0 + $290,435 related

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

  • NHP FOUNDATION

    $15,000

    AFFORDABLE HOUSING SYMPOSIUM EVENT.

  • CITY OF FALLS CHURCH

    $10,000

    HOUSING INTERNS TO SUPPORT OVERALL HOUSING ACTIVITIES IN THE CITY OF FALLS CHURCH.

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.

  • FALLS CHURCH WINTER HILL LLC

    OWNS AND OPERATES AN 83-UNIT RENTAL HOUSING PROJECT · VA · income $1,706,272 · assets $4,184,688

    Directly controlled by FCHC VIRGINIA COMMUNITY DEVELOPMENT COMPANY

  • WINTER HILL MEMBER LLC

    AFFORDABLE HOUSING · VA

    Directly controlled by FCHC VIRGINIA COMMUNITY DEVELOPMENT COMPANY

Related partnerships

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

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
22 October 2024
IRS schema version
2023v5.1
Source object
202402979349301345

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