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Nonprofiteer
← COMMUNITY VENTURES CORPORATION INC

Form 990 for tax year 2022

Filed by COMMUNITY VENTURES CORPORATION INC.

Totals

Total revenue
$14,011,669
Total expenses
$13,285,348
Contributions and grants received
$7,944,420
Grants paid
$1,004,440
Program service revenue
$5,707,347
Investment income
$203,225
Other revenue
$156,677
Total assets, end of year
$86,787,851
Total liabilities, end of year
$52,565,529
Net assets or fund balances, end of year
$34,222,322
Program services expenses (Part IX)
$10,874,035
Management and general expenses
$1,949,809
Fundraising expenses
$461,504
Program service expenses (Part III)
$10,874,035

Program services were 81.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JOHN WATZ

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • REVEREND FRED MITCHELL

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ROBERT HENRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ARTHUR SALOMON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LARRY JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JERRY JOHNSTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOJUANA LEAVELL-GREENE

    VICE CHAIRWOMAN

    Total calculated
    $0
    Hours/week
    1

  • JOHN DOUGLAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFF KOONCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RAYMOND DANIELS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES DUKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ARTIE FORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LORRAIN SMOOT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN SMITH

    PRESIDENT & CEO

    Total calculated
    $307,722
    From this org
    $239,533
    From related orgs
    $0
    Other
    $68,189
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $239,533
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $68,189
    Filer's total
    $307,722

  • MILTON SHARP

    PRESIDENT - EHOME

    Total calculated
    $153,307
    From this org
    $153,307
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,307
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $153,307

  • MARK JOHNSON

    PRESIDENT OF ART INC

    Total calculated
    $54,982
    From this org
    $54,882
    From related orgs
    $0
    Other
    $100
    Hours/week
    40

  • WILEY FAW

    CHIEF OPERATING OFFI

    Total calculated
    $132,574
    From this org
    $132,333
    From related orgs
    $0
    Other
    $241
    Hours/week
    40

  • BRENDA WEAVER

    PRESIDENT HOUSING

    Total calculated
    $169,151
    From this org
    $165,723
    From related orgs
    $0
    Other
    $3,428
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,723
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $3,428
    Filer's total
    $169,151

  • DANIEL HEFFERNAN

    PRESIDENT NMTC

    Total calculated
    $122,277
    From this org
    $112,341
    From related orgs
    $0
    Other
    $9,936
    Hours/week
    40

  • MICHAEL BERRYMAN

    VP E HOME

    Total calculated
    $115,046
    From this org
    $115,004
    From related orgs
    $0
    Other
    $42
    Hours/week
    40

  • OTIS SINGLETON

    DIRECTOR OF FINANCE

    Total calculated
    $99,341
    From this org
    $97,865
    From related orgs
    $0
    Other
    $1,476
    Hours/week
    40

  • JONAH BROWN

    PRESIDENT MARKETING

    Total calculated
    $98,331
    From this org
    $97,841
    From related orgs
    $0
    Other
    $490
    Hours/week
    40

  • ROBERT BURNS

    PRES MSTRD SEED HILL

    Total calculated
    $84,788
    From this org
    $75,709
    From related orgs
    $0
    Other
    $9,079
    Hours/week
    40

  • BRIAN HUTCHINSON

    CHIEF DEV. OFFICER

    Total calculated
    $125,257
    From this org
    $123,690
    From related orgs
    $0
    Other
    $1,567
    Hours/week
    40

  • SHANE DARRISAW

    PRESIDENT MPACT PRO

    Total calculated
    $122,864
    From this org
    $122,864
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • THOMAS MURRO

    PRESIDENT CHEF SPACE

    Total calculated
    $93,638
    From this org
    $92,515
    From related orgs
    $0
    Other
    $1,123
    Hours/week
    40

  • SHIRIE HAWKINS

    PRES EVERYTHING EQUITY

    Total calculated
    $134,473
    From this org
    $131,227
    From related orgs
    $0
    Other
    $3,246
    Hours/week
    40

  • MARITA WILLIS

    PRES. COMMUNITY ENGAGEMENT

    Total calculated
    $110,766
    From this org
    $108,634
    From related orgs
    $0
    Other
    $2,132
    Hours/week
    40

  • PHILLIP CAVE

    CONTROLLER

    Total calculated
    $107,934
    From this org
    $105,527
    From related orgs
    $0
    Other
    $2,407
    Hours/week
    40

  • LYNN LITTREL

    SENIOR VP COMMERIAL LENDING

    Total calculated
    $105,016
    From this org
    $101,843
    From related orgs
    $0
    Other
    $3,173
    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
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202323199349300832

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