VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION

As filed

Subsection

03

NTEE code

S20Z

Classification

1000

Street

2400 POTTERS RD

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 · 2023

• PERMANENT RENTAL HOUSING FUNDS INCLUDE INCOME AND EXPENSES DIRECTLY ASSOCIATED WITH THE RENTAL OF AFFORDABLE LOW-INCOME HOUSING UNDER NOAH, HOME, HOUSING FIRST, BIZNET, ATLANTIS MANOR, CAPE HENRY, OCEAN TRACE, BEACH PARK AND BEACH PARK WEST APARTMENT PROJECTS. IN ADDITION, VETERANS FIRST HOUSING ASSISTANCE, SUPPORT SERVICES FOR VETERANS FAMILIES (SSVF) GRANT ACTIVITY, PROJECT DEVELOPMENT FEE INCOME AND INVESTMENT ACTIVITY ARE RECORDED UNDER PERMANENT RENTAL HOUSING FUNDS.

  Expenses $7,443,625 · Revenue $5,131,111

As filed on the 2023 return.

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2023

  Revenue

  $7,136,805

  Expenses

  $8,268,321

  Contributions

  $2,195,740

  Grants paid

  $0

• 2022

  Revenue

  $7,936,723

  Expenses

  $7,809,624

  Contributions

  $2,598,459

  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

  $7,614,457

  Expenses

  $7,404,821

  Assets (EOY)

  $35,346,329

• 2020 · 990

  Revenue

  $8,715,709

  Expenses

  $7,335,260

  Assets (EOY)

  $35,859,352

• 2019 · 990

  Revenue

  $5,509,223

  Expenses

  $6,165,812

  Assets (EOY)

  $30,804,049

• 2018 · 990

  Revenue

  $5,283,250

  Expenses

  $6,079,641

  Assets (EOY)

  $31,582,611

• 2017 · 990

  Revenue

  $5,559,154

  Expenses

  $6,470,604

  Assets (EOY)

  $32,683,650

• 2016 · 990

  Revenue

  $5,220,845

  Expenses

  $6,297,645

  Assets (EOY)

  $33,560,164

• 2015 · 990

  Revenue

  $5,311,988

  Expenses

  $6,662,769

  Assets (EOY)

  $29,168,100

• 2014 · 990

  Revenue

  $5,664,088

  Expenses

  $5,988,456

  Assets (EOY)

  $30,176,245

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

• CORPORATION FOR SUPPORTIVE HOUSING

  $300,000

  2024 · FINANCIAL ASSISTANCE

• VB HOME NOW INC

  $10,000

  2023 · To provide financial assistance for utilities such as electricity, water/sewer and/or natural gas utility bills to needy individuals and veterans and help prevent these residents from returning to homelessness. The funding is expected to assist 30 households in need.

• VB HOME NOW INC

  $7,000

  2022 · To provide financial assistance for utilities such as electricity, water/sewer and or natural gas utility bills to needy individuals and veterans and help prevent these residents from returning to homelessness. The funding is expected to assist at least 20 households in need.

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