Skip to content
Nonprofiteer
← FCHC VIRGINIA COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by FCHC VIRGINIA COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,738,696
Total expenses
$1,796,980
Contributions and grants received
$922,379
Grants paid
$15,000
Program service revenue
$715,629
Investment income
$100,688
Other revenue
$0
Total assets, end of year
$7,398,725
Total liabilities, end of year
$6,846,184
Net assets or fund balances, end of year
$552,541
Program services expenses (Part IX)
$1,608,838
Management and general expenses
$188,142
Fundraising expenses
$0
Program service expenses (Part III)
$1,608,838

Program services were 89.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $922,379

  • 2a · Program service revenue: RENTAL INCOME

    total $680,439 · related or exempt $680,439

  • 2b · Program service revenue: LOAN INTEREST INCOME

    total $28,765 · related or exempt $28,765

  • 2c · Program service revenue: OTHER INCOME

    total $3,017 · related or exempt $3,017

  • 2d · Program service revenue: LAUNDRY & VENDING

    total $1,883 · related or exempt $1,883

  • 2e · Program service revenue: TENANT CHARGES

    total $1,525 · related or exempt $1,525

  • 3 · Investment income

    total $100,688 · excluded $100,688

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,000 · program services $15,000

  • 5 · Compensation of officers, directors and key employees

    total $248,771 · program services $248,771

  • 7 · Other salaries and wages

    total $260,793 · program services $260,793

  • 9 · Other employee benefits

    total $73,763 · program services $73,763

  • 10 · Payroll taxes

    total $32,758 · program services $32,758

  • 11a · Fees: management

    total $56,454 · management and general $56,454

  • 11c · Fees: accounting

    total $22,759 · management and general $22,759

  • 12 · Advertising and promotion

    total $1,733 · management and general $1,733

  • 13 · Office expenses

    total $41,831 · management and general $41,831

  • 16 · Occupancy

    total $136,455 · program services $136,455

  • 20 · Interest

    total $323,694 · program services $323,694

  • 21 · Payments to affiliates

    total $65,000 · management and general $65,000

  • 22 · Depreciation, depletion and amortization

    total $136,698 · program services $136,698

  • 23 · Insurance

    total $62,154 · program services $62,154

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $168,292 · program services $168,292

  • 24b · Other expenses: BAD DEBT

    total $82,379 · program services $82,379

  • 24c · Other expenses: GROUNDS EXPENSE

    total $45,418 · program services $45,418

  • 24d · Other expenses: RESIDENT SERVICES

    total $15,143 · program services $15,143

  • 24e · All other expenses

    total $7,885 · program services $7,520 · management and general $365

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $462,881 · end of year $515,582

  • 2 · Savings and temporary cash investments

    beginning of year $1,587,293 · end of year $2,479,862

  • 4 · Accounts receivable

    beginning of year $137,926 · end of year $8,946

  • 7 · Other notes and loans receivable

    beginning of year $1,982,237 · end of year $909,405

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,265 · end of year $23,814

  • 10a · Land, buildings and equipment: cost or other basis

    $6,899,153

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,438,037

  • 10c · Land, buildings and equipment, net

    beginning of year $3,407,115 · end of year $3,461,116

  • 17 · Accounts payable and accrued expenses

    beginning of year $117,351 · end of year $96,916

  • 23 · Secured mortgages and notes payable

    beginning of year $6,758,734 · end of year $6,628,047

  • 25 · Other liabilities

    beginning of year $110,807 · end of year $121,221

  • 27 · Net assets without donor restrictions

    beginning of year $480,825 · end of year $552,541

  • 28 · Net assets with donor restrictions

    beginning of year $130,000 · end of year $0

Mission and programs · 2024

Mission

TO EXPAND AND IMPROVE HOUSING OPPORTUNITIES FOR LOW- AND MODERATE-INCOME HOUSEHOLDS IN THE WASHINGTON D.C. METRO AREA, INCLUDING PROVIDING LOANS FOR THE PREDEVELOPMENT AND ACQUISITION OF AFFORDABLE HOUSING PROPERTIES.

Activities or mission (Part I)

TO PRESERVE AND CREATE MORE AFFORDABLE RENTAL HOUSING AND PROVIDE PREDEVELOPMENT FUNDING.

  • THROUGH ITS OWNERSHIP IN WINTER HILL APARTMENTS (AS THE CONTROLLING MEMBER OF FALLS CHURCH WINTER HILL, LLC, THE OWNING ENTITY OF THE PROPERTY), THE CORPORATION PROVIDED 83 UNITS OF AFFORDABLE HOUSING FOR LOW INCOME PERSONS AND THEIR FAMILIES. THE CORPORATION PROVIDES FUNDING FOR THE RESIDENT SERVICES PROGRAMMING TO THESE INDIVIDUALS.

    Expenses $1,208,289 · Revenue $683,864

  • THE CORPORATION PROVIDES PRE-DEVELOPMENT/ACQUISITION/BRIDGE LOANS TO FOSTER THE DEVELOPMENT OF AFFORDABLE HOUSING PROPERTIES IN THE WASHINGTON D.C. METRO AREA.

    Expenses $400,549 · Grants $15,000 · Revenue $28,765

As filed on the 2024 return.

Listed in Part VII

  • Richard F Burns

    PRESIDENT

    Total calculated
    $760,054
    From this org
    $0
    From related orgs
    $741,061
    Other
    $18,993
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $516,061 related
    Bonus
    $0 + $225,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $18,993 related
    Filer's total
    $0 + $760,054 related

  • Thomas G Vaccaro Until April

    COO AND SECRETARY

    Total calculated
    $259,540
    From this org
    $223,098
    From related orgs
    $0
    Other
    $36,442
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,098
    Bonus
    $75,000
    Other
    $0
    Deferred
    $2,000
    Nontaxable benefits
    $34,442
    Filer's total
    $259,540

  • Dong Bui

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joseph P Wiedorfer

    VICE PRESIDENT

    Total calculated
    $272,628
    From this org
    $0
    From related orgs
    $248,998
    Other
    $23,630
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,998 related
    Bonus
    $0 + $115,000 related
    Other
    $0
    Deferred
    $0 + $2,000 related
    Nontaxable benefits
    $0 + $21,630 related
    Filer's total
    $0 + $272,628 related

  • Stephen M Green

    VICE PRESIDENT

    Total calculated
    $517,569
    From this org
    $0
    From related orgs
    $477,583
    Other
    $39,986
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $302,583 related
    Bonus
    $0 + $175,000 related
    Other
    $0
    Deferred
    $0 + $2,000 related
    Nontaxable benefits
    $0 + $37,986 related
    Filer's total
    $0 + $517,569 related

  • Alla Eleon

    TREASURER AND CAO

    Total calculated
    $310,515
    From this org
    $0
    From related orgs
    $282,955
    Other
    $27,560
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $222,955 related
    Bonus
    $0 + $60,000 related
    Other
    $0
    Deferred
    $0 + $2,000 related
    Nontaxable benefits
    $0 + $25,560 related
    Filer's total
    $0 + $310,515 related

  • Frederick Mitchell

    SENIOR VICE PRESIDENT

    Total calculated
    $316,598
    From this org
    $0
    From related orgs
    $314,598
    Other
    $2,000
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,598 related
    Bonus
    $0 + $75,000 related
    Other
    $0
    Deferred
    $0 + $2,000 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $316,598 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

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 $130,000 · assets $4,165,091

    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.

  • 250 LP PEPPER TREE MANOR LP

    AFFORDABLE HOUSING · TX

  • ALABAMA AVE AFFORDABLE HOUSING LP

    AFFORDABLE HOUSING · DC

  • BAYVIEW PRESERVATION PARTNERS LIMITED PARTNERSHIP

    AFFORDABLE HOUSING · CT

  • BENNING HEIGHTS INVESTOR LLC

    AFFORDABLE HOUSING · DC

  • BOLTON NORTH LP

    AFFORDABLE HOUSING · MD

  • FOXWOOD PRESERVATION PARTNERS LP

    AFFORDABLE HOUSING · PA

  • HOLLYBUSH PRESERVATION PARTNERS LP

    AFFORDABLE HOUSING · NJ

  • ORANGE PRESERVATION PARTNERS LP

    AFFORDABLE HOUSING · NJ

  • PLAZA BORINQUEN 88 OWNER LP

    AFFORDABLE HOUSING · NY

  • PLAZA BORINQUEN 88 OWNER II LP

    AFFORDABLE HOUSING · NY

  • PRESERVATION HOUSING II LLC

    AFFORDABLE HOUSING · LA

  • PRESERVATION HOUSING IV LLC

    AFFORDABLE HOUSING · LA

  • ST LUKE'S MASTER TENANT LLC

    AFFORDABLE HOUSING · MO

  • ST LUKE'S PRESERVATION PARTNERS LP

    AFFORDABLE HOUSING · MO

  • HARVEST HOMES APARTMENTS LP

    AFFORDABLE HOUSING · IL

  • CLEME MANOR HOLDINGS LLC

    AFFORDABLE HOUSING · TX

  • COLUMBIA APARTMENTS LP

    AFFORDABLE HOUSING · DE

  • COLUMBIA HEIGHTS VILLAGE APARTMENTS LP

    AFFORDABLE HOUSING · DC

  • MARK TWAIN NHPF LLC

    AFFORDABLE HOUSING · IL

  • NANNIE HELEN OWNER LLC

    AFFORDABLE HOUSING · DC

  • SHIP'S COVE PRESERVATION PARTNERS LIMITED PARTNERSHIP

    AFFORDABLE HOUSING · MA

  • TAKOMA PLACE SM LLC

    AFFORDABLE HOUSING · DC

  • WADE ROAD INVESTOR LLC

    AFFORDABLE HOUSING · DC

  • WOODMONT CROSSING INVESTOR LLC

    AFFORDABLE HOUSING · DC

  • 1255 NPO OWNER LLC

    AFFORDABLE HOUSING · DC

  • 1300 NPO OWNER LLC

    AFFORDABLE HOUSING · TX

  • BERRY MANOR OWNER LP

    AFFORDABLE HOUSING · IL

  • CENTER CITY MANAGING MEMBER LLC

    AFFORDABLE HOUSING · NJ

  • CHA JV LLC

    AFFORDABLE HOUSING · MD

  • CHA LLC

    AFFORDABLE HOUSING · MD

  • HOLLANDER RIDGE INVESTOR LLC

    AFFORDABLE HOUSING · MD

  • LOT 13 OWNER LLC (STRAND NEW CHINA CAFE)

    AFFORDABLE HOUSING · DC

  • NANNIE HELEN MANAGER LLC

    AFFORDABLE HOUSING · DC

  • WORKFORCE AFFORDABLE HOUSING FUND I LLC

    AFFORDABLE HOUSING · DE

  • PRINCESS ANNE OWNER LP

    AFFORDABLE HOUSING · MD

  • 17 MISSISSIPPI OWNER LLC

    AFFORDABLE HOUSING · DC

  • ANACOSTIA GARDENS OWNER LLC

    AFFORDABLE HOUSING · DC

  • BLUE MOUNTAIN OWNER LLC

    AFFORDABLE HOUSING · MA

  • NEW CENTER CITY APARTMENTS URBAN RENEWAL LLC

    AFFORDABLE HOUSING · NJ

  • NEW ALEXANDER HOUSE LLC

    AFFORDABLE HOUSING · NJ

  • NEW SUNSET BAY

    AFFORDABLE HOUSING · MD

  • 17 MISSISSIPPI MANAGING MEMBER LLC

    AFFORDABLE HOUSING · DC

  • HERITAGE NOLAND ASSOCIATES LP (CARDINAL RIDGE)

    AFFORDABLE HOUSING · MO

  • CARDINAL RIDGE INVESTORS LLC

    AFFORDABLE HOUSING · MO

  • CARDINAL RIDGE GP LLP

    AFFORDABLE HOUSING · MO

  • CHCDC AFFORDABLE ELDERLY LLC

    AFFORDABLE HOUSING · TX

  • TEMENOS PERMANENT AFFORDABLE LLC

    AFFORDABLE HOUSING · TX

  • EXCHANGE PLACE PRESERVATION PARTNERS LLC

    AFFORDABLE HOUSING · CT

  • IRVINE TURNER MANAGING MEMBER LLC

    AFFORDABLE HOUSING · NJ

  • NEW OVERLOOK OWNER LP

    AFFORDABLE HOUSING · MD

  • BERRY MANOR APARTMENTS LP

    AFFORDABLE HOUSING · IL

  • COVENT APARTMENTS LLC

    AFFORDABLE HOUSING · IL

  • NEW IRVINE TURNER APARTMENTS URBAN RENEWAL LLC

    AFFORDABLE HOUSING · NJ

  • RIDGECREST PHASE 1 OWNER

    AFFORDABLE HOUSING · DC

  • MAGNIFICAT PERMANENT AFFORDABLE LLC

    AFFORDABLE HOUSING · TX

  • TOWNE GARDENS SOUTH MANAGERS LLC

    AFFORDABLE HOUSING · NY

Related corporations and trusts

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

  • BAYVIEW GP INC

    C · AFFORDABLE HOUSING · CT

  • FOXWOOD GP INC

    C · AFFORDABLE HOUSING · PA

  • HOLLYBUSH GP INC

    C · AFFORDABLE HOUSING · DC

  • ORANGE GP INC

    C · AFFORDABLE HOUSING · NY

  • PLAZA BORINQUEN 88 GP CORPORATION

    C · AFFORDABLE HOUSING · NY

  • PRESERVATION HOUSING PARTNERS LLC

    C · AFFORDABLE HOUSING · LA

  • ST LUKE'S GP INC

    C · AFFORDABLE HOUSING · MO

  • VOV- NHPF I LLC

    C · AFFORDABLE HOUSING · DC

  • WALNUT 209 LLC

    C · AFFORDABLE HOUSING · LA

  • NDFD LLC

    C · AFFORDABLE HOUSING · NY

  • HARVEST HOMES GP INC

    C · AFFORDABLE HOUSING · IL

  • BENNING HEIGHTS GP LLC

    C · AFFORDABLE HOUSING · NY

  • WADE ROAD GP LLC (PARKCHESTER)

    C · AFFORDABLE HOUSING · NY

  • CLEME 284 LLC

    C · AFFORDABLE HOUSING · TX

  • MARK TWAIN NHPF MANAGER LLC

    C · AFFORDABLE HOUSING · NY

  • NANNIE HELEN NHPF LLC

    C · AFFORDABLE HOUSING · DC

  • NDFD II LLC (GP OF BOLTON)

    C · AFFORDABLE HOUSING · MD

  • SHIP'S COVE GP INC

    C · AFFORDABLE HOUSING · MA

  • TAKOMA PLACE GP LLC

    C · AFFORDABLE HOUSING · DC

  • WOODMONT CROSSING MANAGER

    C · AFFORDABLE HOUSING · NY

  • CHA MM LLC

    C · AFFORDABLE HOUSING · NY

  • ANACOSTIA GARDENS GP LLC

    C · AFFORDABLE HOUSING · DC

  • CENTER CITY MM LLC

    C · AFFORDABLE HOUSING · NJ

  • EXCHANGE PLACE MM LLC

    C · AFFORDABLE HOUSING · CT

  • IRVINE TURNER MM LLC

    C · AFFORDABLE HOUSING · NJ

  • HOLLANDER RIDGE MANAGER LLC

    C · AFFORDABLE HOUSING · MD

  • PRINCESS ANN GP LLC

    C · AFFORDABLE HOUSING · MD

  • TEMENOS AFFORDABLE MANAGER LLC

    C · AFFORDABLE HOUSING · TX

  • BLUE MOUNTAIN MANAGER LLC

    C · AFFORDABLE HOUSING · MA

  • NEW SUNSET BAY MANAGER LLC

    C · AFFORDABLE HOUSING · FL

  • ALEXANDER HOUSE MANAGING MEMBER LLC

    C · AFFORDABLE HOUSING · MD

  • CH AFFORDABLE MANAGER LLC

    C · AFFORDABLE HOUSING · TX

  • NHPF MISSISSIPPI MANAGER LLC

    C · AFFORDABLE HOUSING · DC

  • BERRY MANOR NHPF LLC

    C · AFFORDABLE HOUSING · IL

  • COVENT NHPF MANAGER LLC

    C · AFFORDABLE HOUSING · IL

  • OVERLOOK GP LLC

    C · AFFORDABLE HOUSING · MD

  • RIDGECREST PHASE 1 MANAGER LLC

    C · AFFORDABLE HOUSING · DC

  • NHPF CAROLINE MM LLC

    C · AFFORDABLE HOUSING · IL

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202533089349302263

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.