- 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
-
Virginia Community Development Fund Inc
501 (c)3 · Affordable Housing · VA
-
Housing Capital Corporation of Virginia
501 (c)3 · Affordable Housing · VA
Declared as related by
-
HOUSING CAPITAL CORPORATION OF VIRGINIA
On its 2024 return
-
VIRGINIA COMMUNITY DEVELOPMENT FUND INC
On its 2024 return
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.