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VIRGINIA COMMUNITY DEVELOPMENT CORP

EIN 54-1533426 RICHMOND, VA

Browse the largest nonprofits in Virginia

Revenue 2024
$2,520,531
Expenses 2024
$2,798,582

Program services were 71.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
L80Z
Classification
1000
Street
1840 W BROAD ST STE 200

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

VCDC delivers vital financial resources and support while collaborating with local organizations dedicated to social impact, ensuring the creation of affordable homes in vibrant neighborhoods where everyone can thrive.

  • VCDC serves communities by adding value through the development, funding and management of affordable housing and community revitalization projects. VCDC has worked with Low Income Housing Tax Credit projects since that programs inception and was the first manager of tax credit equity funds in Virginia. We connect developers, investors, and communities with the mission to build affordable housing and revitalize historic properties in order to create thriving neighborhoods that benefit all residents. We envision a future where everyone succeeds in communities anchored by affordable homes, healthy neighborhoods, and economic security.

    Expenses $2,013,003 · Revenue $2,325,393

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Philip Brooks

    Board Chair

    Total calculated
    $0
    Hours/week
    1
  • Monica Jefferson

    Board Vice Chair

    Total calculated
    $0
    Hours/week
    1
  • Karen R Wilds

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Robert J Adams

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Neil Amin

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Mike Chiappa

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Susan Dewey

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Karen Klick

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Tyrone E Sessoms

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Earlene Powell

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Manju Ganeriwala

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Jonathan Knopf

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Jason Long

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Robert L Newman

    President & CEO

    Total calculated
    $263,092
    From this org
    $221,913
    From related orgs
    $0
    Other
    $41,179
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $221,913
    Bonus
    $0
    Other
    $0
    Deferred
    $22,400
    Nontaxable benefits
    $18,779
    Filer's total
    $263,092
  • Chris Sterling

    Vice President and COO

    Total calculated
    $214,127
    From this org
    $170,900
    From related orgs
    $0
    Other
    $43,227
    Hours/week
    34

    Schedule J breakdown matched by us

    Base
    $170,913
    Bonus
    $0
    Other
    $0
    Deferred
    $18,000
    Nontaxable benefits
    $25,227
    Filer's total
    $214,140
  • Jeff Meyer

    Director of Project Development

    Total calculated
    $157,181
    From this org
    $142,500
    From related orgs
    $0
    Other
    $14,681
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,500
    Bonus
    $0
    Other
    $0
    Deferred
    $14,250
    Nontaxable benefits
    $432
    Filer's total
    $157,182
  • Russ Parrish

    Treasurer/Chief Financial Officer

    Total calculated
    $173,728
    From this org
    $142,164
    From related orgs
    $0
    Other
    $31,564
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $142,164
    Bonus
    $0
    Other
    $0
    Deferred
    $15,200
    Nontaxable benefits
    $31,564
    Filer's total
    $188,928
  • Bernard Rogers

    Director of Equity Funds & Investor Relations

    Total calculated
    $177,125
    From this org
    $134,924
    From related orgs
    $0
    Other
    $42,201
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,924
    Bonus
    $0
    Other
    $0
    Deferred
    $14,250
    Nontaxable benefits
    $27,951
    Filer's total
    $177,125
  • Steve Bleile

    Director of Project Development

    Total calculated
    $159,553
    From this org
    $131,714
    From related orgs
    $0
    Other
    $27,839
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,714
    Bonus
    $0
    Other
    $0
    Deferred
    $13,500
    Nontaxable benefits
    $14,339
    Filer's total
    $159,553

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $2,520,531
    Expenses
    $2,798,582
    Contributions
    $108,845
    Grants paid
    $0
  • 2023
    Revenue
    $2,904,468
    Expenses
    $2,717,950
    Contributions
    $106,111
    Grants paid
    $0
  • 2022
    Revenue
    $2,908,414
    Expenses
    $2,424,200
    Contributions
    $114,495
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $2,927,830
    Expenses
    $1,920,619
    Assets (EOY)
    $7,085,442
  • 2020 · 990

    Revenue
    $3,108,418
    Expenses
    $2,093,950
    Assets (EOY)
    $6,900,666
  • 2019 · 990

    Revenue
    $2,968,215
    Expenses
    $2,575,791
    Assets (EOY)
    $5,481,484
  • 2018 · 990

    Revenue
    $3,053,612
    Expenses
    $2,693,405
    Assets (EOY)
    $5,171,193
  • 2017 · 990

    Revenue
    $2,710,251
    Expenses
    $2,566,379
    Assets (EOY)
    $4,998,070
  • 2016 · 990

    Revenue
    $3,339,820
    Expenses
    $2,812,538
    Assets (EOY)
    $4,998,154
  • 2015 · 990

    Revenue
    $3,168,822
    Expenses
    $2,633,894
    Assets (EOY)
    $4,402,407
  • 2014 · 990

    Revenue
    $3,189,045
    Expenses
    $2,974,424
    Assets (EOY)
    $3,834,531
  • 2013 · 990

    Revenue
    $3,068,402
    Expenses
    $2,900,060
    Assets (EOY)
    $3,851,626

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2024 return

  • Virginia Community Development Advisory Services

    Advisory · VA

Related partnerships on its 2024 return

  • Housing Equity Fund of Virginia XI LLC

    Affordable Housing · VA · 0% owned

  • Housing Equity Fund of Kentucky I LLC

    Affordable Housing · VA · 0% owned

  • Housing Equity Fund Of Kentucky II LLC

    Affordable Housing · VA · 0% owned

  • Housing Equity Fund of Virginia XII LLC

    Affordable Housing · VA · 0% owned

  • Housing Equity Fund of Virginia XIV LLC

    Affordable Housing · VA · 0% owned

  • Housing Equity Fund of Virginia XV LLC

    Affordable Housing · VA · 0% owned

  • Housing Equity Fund of Virginia XVI LLC

    Affordable Housing · VA · 0% owned

  • Housing Equity Fund of Virginia XVII LLC

    Affordable Housing · VA · 0% owned

  • Housing Equity Fund of Virginia XVIII LLC

    Affordable Housing · VA · 0% owned

  • Housing Equity Fund of Virginia XIX LLC

    Affordable Housing · VA · 0% owned

  • Housing Equity Fund of Kentucky III LLC

    Affordable Housing · VA · 0% owned

  • Housing Equity Fund of Virginia XX LLC

    Affordable Housing · VA · 0% owned

  • Housing Equity Fund of Virginia XXI LLC

    Affordable Housing · VA · 0% owned

  • Housing Equity Fund of Virginia XXIII LLC

    Affordable Housing · VA · 0% owned

  • Housing Equity Fund of Virginia XXII LLC

    Affordable Housing · VA · 0% owned

  • West Virginia Impact Fund I LLC

    Affordable Housing · WV · 0% owned

  • Housing Equity Fund of Virginia XXIV LLC

    Affordable Housing · VA · 0% owned

  • Downtown Pearisburg LP

    Affordable Housing · VA · 0% owned

  • Alleghany Building LP

    Affordable Housing · VA · 0% owned

  • Olde Towne Housing LLC

    Affordable Housing · VA · 0% owned

  • VCDC Equity Fund 25 LLC

    Affordable Housing · VA · 0% owned

  • West Virginia Impact Fund II LLC

    Affordable Housing · WV · 0% owned

  • Fairfield Lynn LP

    Affordable Housing · VA · 0% owned

  • Glen Mountain LP

    Affordable Housing · VA · 0% owned

  • Berkley Court Apartments LP

    Affordable Housing · VA · 0% owned

The first 25 as filed. The return lists the rest.

Related corporations and trusts on its 2024 return

  • Virginia Affordable Housing Management Inc

    C · Affordable Housing · VA · 100% owned

  • Virginia Housing Capital Corporation

    C · Affordable Housing · VA · 100% owned

  • Scenic States Capital Corporation

    C · Affordable Housing · VA · 100% owned

  • Woodrum Westview Pearisburg Management LLC

    C · Affordable Housing · VA · 50% owned

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 11 November 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.