COMMUNITY VENTURES CORPORATION INC

As filed

Subsection

03

NTEE code

S99Z

Classification

1000

Street

1450 N BROADWAY

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).

Other organizations at this address

5 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• BLUEGRASS AFFORDABLE HOUSING ASSOCIATION

  EIN 61-1319045

• CV APPALACHIAN CDE INC

  EIN 81-4658111

• PHOENIX RISING OF LEXINGTON KENUTCKY INC

  EIN 81-3470585

• THE MET DEVELOPMENT INC

  EIN 83-2503851

• THRIVE ACADEMY INC

  EIN 33-4567065

Mission and programs · 2024

• PROVIDING LENDING ASSISTANCE TO LOW-INCOME INDIVIDUALS SEEKING FIRST TIME HOME OWNERSHIP AND LOW INCOME BUSINESS OWNERS. ADVANTAGES OF CVC'S LENDING PROGRAMS OVER CONVENTIONAL FINANCING INCLUDE: LOW DOWN PAYMENTS, FIXED INTEREST RATES, LONG TERMS, LOW INTEREST RATES, AND THE ABILITY FOR LOAN FEES TO BE FINANCED IN THE LOAN. EXAMPLES OF PROGRAMS OPERATED TO FACILITATE LENDING ASSISTANCE ARE; 1) DEPARTMENT OF TREASURY (COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUNDS) - PROVIDES ASSISTANCE TO STRENGTHEN AND EXPAND COMMUNITY DEVELOPMENT TO LOW-INCOME INDIVIDUALS 2) THE COMMUNITY HOUSING DEVELOPMENT ORGANIZATION ("CHDO") - REPRESENTS FUNDS PROVIDED BY A COMMUNITY-BASED SERVICE ORGANIZATION THAT HAS SIGNIFICANT CAPACITY TO DEVELOP AFFORDABLE HOUSING FOR THE COMMUNITY IT SERVES.

  Expenses $4,420,604 · Revenue $2,288,699

• COMMUNITY DEVELOPMENT AND ASSISTANCE IN THE ACQUISITION AND SUBSTANTIAL REHABILITATION OF SINGLE-FAMILY HOMES FOR FIRST-TIME BUYERS. CVC HAS A LONGSTANDING COMMITMENT TO KENTUCKY'S NEIGHBORHOODS AND THE ORGANIZATION IS CONSTANTLY EXPLORING OPPORTUNITIES TO ADDRESS THE COMPLEX CHALLENGES FACED BY KENTUCKY'S COMMUNITIES. CVC ADDRESSES THE CHALLENGES THROUGH DEVELOPING PROJECTS IN UNDERSERVED AREAS, CONSTRUCTING SINGLE-FAMILY HOMES FOR FIRST- TIME HOME BUYERS, AND ASSISTING IN FINANCING AND SUPPORTING PROJECTS IN RURAL AREAS.

  Expenses $2,936,540 · Grants $939,708 · Revenue $375,783

• CVC ASSISTS FAMILIES ACCOMPOLISH THEIR DREAMS OF PURCHASING HOMES, REDUCING DEBT, AND INCREASING FINANCIAL LITERACY THROUGH THEIR EHOME AMERICA PLATFORM. EHOME AMERICA IS AN ONLINE FINANCIAL EDUCATION PLATFORM THAT OFFERS AFFORDABLE FINANCIAL EDUCATION TO CUSTOMERS ACROSS THE GLOBE. THE COURSES ARE OFFERED ON DEMAND AT THE CUSTOMERS CONVENIENCE. THE PLATFORM OFFERS EDUCTION IN THE FOLLOWING AREAS: 1) HOMEBUYER EDUCATION - COMPREHENSIVE 8 HOUR ONLINE HOMEBUYER COURSE THAT IS OFFERED IN ENGLISH AND SPANSISH AND SANCTIONED BY HUD AND USDA 2.) MONEY MANAGEMENT - A 2-3 HOUR COURSE WITH A PROFESSIONAL PARTNER TO ASSIST CUSTOMERS IN TAKING CONTROL OF THEIR FINANACES AND GENERATING PEACE OF MIND FOR THEIR FINANCIAL FUTURES 3.) FORECOLSURE PREVENTION - COURSE IS DESIGNED TO ASSIST CUSTOMERS NAVIGATE THE CHALLENGES OF THE FORECLOSURE PROCESS AND STEPS THAT CAN BE TAKEN TO AVOID THE LOSS OF THEIR HOME.

  Expenses $3,527,298 · Revenue $2,873,063

• OTHER SIGNIFICANT SERVICES PROVIDE BY THE ORGANIZATION INCLUDE PROPERTY MANAGEMENT AND RENTAL OF PROPTERY IS SIGNIFICANTLY ECONOMICALLY DISTRESSED AREAS.

  Expenses $1,547,660 · Revenue $906,791

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

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.

The first 25 listed. 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

  $11,943,588

  Expenses

  $15,019,786

  Contributions

  $4,996,634

  Grants paid

  $939,708

• 2023

  Revenue

  $22,172,764

  Expenses

  $21,084,467

  Contributions

  $10,705,415

  Grants paid

  $2,509,060

• 2022

  Revenue

  $14,011,669

  Expenses

  $13,285,348

  Contributions

  $7,944,420

  Grants paid

  $1,004,440

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

  $14,249,179

  Expenses

  $12,034,706

  Assets (EOY)

  $84,057,573

• 2020 · 990

  Revenue

  $12,223,604

  Expenses

  $9,202,952

  Assets (EOY)

  $81,412,824

• 2019 · 990

  Revenue

  $11,518,616

  Expenses

  $14,641,203

  Assets (EOY)

  $69,660,033

• 2018 · 990

  Revenue

  $9,625,854

  Expenses

  $9,037,699

  Assets (EOY)

  $68,707,565

• 2017 · 990

  Revenue

  $10,345,017

  Expenses

  $9,070,681

  Assets (EOY)

  $63,841,298

• 2016 · 990

  Revenue

  $12,088,749

  Expenses

  $8,923,237

  Assets (EOY)

  $56,101,017

• 2015 · 990

  Revenue

  $12,568,108

  Expenses

  $7,674,003

  Assets (EOY)

  $48,247,364

• 2014 · 990

  Revenue

  $7,738,842

  Expenses

  $6,640,119

  Assets (EOY)

  $41,445,785

• 2013 · 990

  Revenue

  $7,652,328

  Expenses

  $5,541,722

  Assets (EOY)

  $37,345,812

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $5,677,641

  Assets (EOY)

  $31,689,521

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. Showing the 10 most recent; the API carries the rest.

Grants made

• WEST END OPPORTUNITY PARTNERSHIP

  $2,500,000

  2023 · FUTHERANCE OF ORGANIZATION MISSION TO SUPPORT ECONOMICALLY DISTRISSED AREAS OF LOUISVILLE KY.

• WEST END OPPORTUNITY PARTNERSHIP

  $1,000,000

  2022 · FUTHERANCE OF ORGANIZATION MISSION TO SUPPORT ECONOMICALLY DISTRISSED AREAS OF LOUISVILLE KY.

• MILLERSBURG REAL PROPERTIES

  $0

  2024 · FUTHERANCE OF ORGANIZATION MISSION TO SUPPORT ECONOMICALLY DISTRISSED AREAS OF MILLERSBURG, KY.

Where these grants went next →

Grants received

• JEWISH HERITAGE FUND FOR EXCELLENCE INC

  $1,000,000

  2022 · WEST END OPPORTUNITY PARTNERSHIP

• NEIGHBORHOOD REINVESTMENT CORP

  $591,750

  2022 · GENERAL SUPPORT

• NEIGHBORHOOD REINVESTMENT CORP

  $575,750

  2023 · GENERAL SUPPORT

• GUILD GIVING FOUNDATION

  $566,209

  2024 · STRENGTHENS COMMUNITIES BY HELPING PEOPLE ACHIEVE THEIR DREAMS OF GREATER ECONOMIC OPPORTUNITY.

• NEIGHBORHOOD REINVESTMENT CORP

  $443,917

  2024 · GENERAL SUPPORT

• WINSTON-SALEM FOUNDATION

  $325,000

  2022 · 2 GRANT(S) FOR VARYING PURPOSES

• THE MET DEVELOPMENT INC

  $139,387

  2024 · FUTHERANCE OF ORGANIZATION'S MISSION

• THE MET DEVELOPMENT INC

  $113,844

  2023 · FUTHERANCE OF ORGANIZATION'S MISSION

• THE MET DEVELOPMENT INC

  $112,946

  2022 · FUTHERANCE OF ORGANIZATION'S MISSION

• OPPORTUNITY FINANCE NETWORK

  $100,000

  2022 · OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG

The 10 largest by cash amount. The API serves every itemized grant.

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.

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.

Other IRS files