2024-11-14T11:52:39-08:00 2023-12-31 541950231 DOOLEY & VICARS 21 S SHEPPARD ST RICHMOND VA 23221 990 2023-01-01 541533426 Virginia Community Development Corp VIRG 8043431200 115 South 15th Street Richmond VA 23219 Robert L Newman President and CEO 8043431200 2024-11-14 true true Thomas E Turner CPA P01275584 8043552808 2024-11-14 2023 2024-10-15 13:58:12Z Robert L Newman 115 S 15th St 501 Richmond VA 23219 2904468 false X www.vibrantcommunities.us X 1990 VA Affordable Housing 13 13 22 0 0 0 114495 106111 2803034 2755244 -9115 43113 0 2908414 2904468 0 0 1627633 1834422 0 0 796567 883528 2424200 2717950 484214 186518 7623657 7756782 201501 148108 7422156 7608674 Affordable Housing false false 1898536 0 2977970 n 2023, VCDC raised $45MM in Low Income Housing Tax Credit equity and $2.5MM in historic equity and closed 10 projects in Virginia and West Virginia and had an active portfolio of 140 properties. VCDC is active in the underwriting of these investments and in monitoring the performance of a stabilized portfolio of 138 properties through hands-on asset management. VCDC assists developers with predevelopment planning, arranging financing, construction management, and compliance. VCDC also assists community-based nonprofits develop capacity through various technical assistance activities and organizational development programs. 1898536 true true false false false false false false false false true false false true true false false true false false false false false false false false false false false true false false false false false false false false false false false false true true false false false false true 23 0 true 22 true false false false false false false false false false false false false false X 13 13 false false false false false false false true true false false false true true true true true true true true true VA X X Robert Newman 8044825387 115 South 15th Street Richmond VA 23219 Philip Brooks Board Chair 1.00 X X 0 0 0 Monica Jefferson Board Vice Chair 1.00 X X 0 0 0 Karen R Wilds Board Member 1.00 X 0 0 0 Robert J Adams Board Member 1.00 X 0 0 0 Neil Amin Board Member 1.00 X 0 0 0 Mike Chiappa Board Member 1.00 X 0 0 0 Susan Dewey Board Member 1.00 X 0 0 0 Karen Klick Board Member 1.00 X 0 0 0 Tyrone E Sessoms Board Member 1.00 X 0 0 0 Earlene Powell Board Member 1.00 X 0 0 0 Manju Ganeriwala Board Member 1.00 X 0 0 0 Jonathan Knopf Board Member 1.00 X 0 0 0 Jason Long Board Member 1.00 X 0 0 0 Robert L Newman President & CEO 30.00 X 232781 0 52191 Chris Sterling Vice President and COO 34.00 X 163555 0 40612 Jeff Meyer Director of Project Development 40.00 X 133500 0 13803 Russ Parrish Treasurer/Chief Financial Officer 32.00 X 139170 0 45537 Bernard Rogers Director of Equity Funds & Investor Relations 40.00 X 131356 0 39491 Steve Bleile Director of Project Development 40.00 X 130811 0 27140 931173 0 218774 6 false true false 106111 106111 Program Service Fees 531390 2706846 0 0 Other Income 531390 48398 0 0 2755244 43113 0 0 2904468 2798357 0 0 1514471 1211577 302894 0 319951 255961 63990 0 4027 4027 0 0 256260 0 256260 0 75708 0 75708 0 50269 50269 0 0 7294 7294 0 0 2771 0 2771 0 30756 0 30756 0 21930 0 21930 0 Professional Fees 93145 74516 18629 0 Sustainability Challenge 144112 144112 0 0 Utilities 26021 0 26021 0 Special Initatives 6954 6954 0 0 164281 143826 20455 0 2717950 1898536 819414 0 246272 432374 1405633 1418976 4974065 5041843 52162 399219 368782 61193 30437 884332 833152 7623657 7756782 122559 136462 78942 11646 201501 148108 X 7252674 7449696 169482 158978 7422156 7608674 7623657 7756782 186518 X false true X true false X 0 0 29515 207500 396982 114495 106111 854603 3034326 2893763 2544686 2708396 2755244 13936415 0 0 3063841 3101263 2941668 2822891 2861355 14791018 0 0 0 14791018 7749 7155 3246 2204 43113 63467 7749 7155 3246 2204 43113 63467 14854485 0.99570 0.99810 0.00430 0.00190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 399219 368782 30437 30437 Security Deposits 7654 Lease Asset 11515 Invest In Subsidiaries 813983 833152 Lease Liability 11646 11646 false false false false false false false false false Robert L Newman 232781 0 0 0 0 0 24000 0 28191 0 284972 0 0 0 Chris Sterling 163555 0 0 0 0 0 17200 0 23412 0 204167 0 0 0 Russ Parrish 139170 0 0 0 0 0 14900 0 30637 0 184707 0 0 0 Bernard Rogers 131356 0 0 0 0 0 13319 0 26172 0 170847 0 0 0 Steve Bleile 130811 0 0 0 0 0 13400 0 13740 0 157951 0 0 0 Pt VI, Line 11b The Finance Committee reviews and recommends the audit for approval by the Board and reviews and approves the tax return prior to submittal. Pt VI, Line 12c Board members and employees must sign the policy each year. Pt VI, Line 15a VCDC commissioned a comprehensive compensation (salary and benefits) survey in 2021 to assess the market comparability of VCDCs positions. I The VCDC Board determines compensation for the CEO and the CEO determines compensation for all other positions using this information as a reference. Pt VI, Line 15b Please see 15a above. Virginia Community Development Advisory Services 115 South 15th Street Suite 501 Richmond VA 23219 Advisory VA NA Virginia Community Development Fund Inc 115 South 15th Street Suite 501 Richmond VA 23219 541914519 Affordable Housing VA 501 (c)3 9 NA Housing Capital Corporation of Virginia 115 South 15th Street Suite 501 Richmond VA 23219 541594102 Affordable Housing VA 501 (c)3 9 NA Housing Equity Fund of Virginia X LLC 115 South 15th Street Suite 501 Richmond VA 23219 202406387 Affordable Housing VA NA 0.00000 Housing Equity Fund of Virginia XI LLC 115 South 15th Street Suite 501 Richmond VA 23219 208007900 Affordable Housing VA NA 0.00000 Housing Equity Fund of Kentucky I LLC 106 Pasco Street Berea KY 40403 202620149 Affordable Housing VA NA 0.00000 Housing Equity Fund Of Kentucky II LLC 106 Pasco St Berea KY 40403 262753968 Affordable Housing VA NA 0.00000 Housing Equity Fund of Virginia XII LLC 115 South 15th Street Suite 501 Richmond VA 23219 262789128 Affordable Housing VA NA 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VA 23219 475492222 Affordable Housing VA NA 0.00000 Housing Equity Fund of Virginia XXI LLC 115 South 15th Street Suite 501 Richmond VA 23219 814539426 Affordable Housing VA NA 0.00000 Housing Equity Fund of Virginia XXIII LLC 115 South 15th Street Suite 501 Richmond VA 23219 833981228 Affordable Housing VA NA 0.00000 Housing Equity Fund of Virginia XXII LLC 115 South 15th Street Suite 501 Richmond VA 23219 823684979 Affordable Housing VA NA 0.00000 West Virginia Impact Fund I LLC 115 South 15th Street Suite 501 Richmond VA 23219 843772964 Affordable Housing WV NA 0.00000 Housing Equity Fund of Virginia XXIV LLC 115 South 15th Street Suite 501 Richmond VA 23219 844445629 Affordable Housing VA NA 0.00000 Downtown Pearisburg LP 115 South 15th Street Suite 501 Richmond VA 23219 274015949 Affordable Housing VA Shelton Place Management LLC 0.00000 Alleghany Building LP 115 South 15th Street Suite 501 Richmond VA 23219 541850132 Affordable Housing VA Virginia Affordable Housing Management Inc 0.00000 Olde Towne Housing LLC 115 South 15th Street Suite 501 Richmond VA 23219 273834044 Affordable Housing VA Woodrum Westview Pearisburg Management LLC 0.00000 VCDC Equity Fund 25 LLC 115 South 15th Street Suite 501 Richmond VA 23219 863472344 Affordable Housing VA NA 0.00000 West Virginia Impact Fund II LLC 115 South 15th Street Suite 501 Richmond VA 23219 871508433 Affordable Housing WV NA 0.00000 Fairfield Lynn LP 115 South 15th Street Suite 501 Richmond VA 23219 205044173 Affordable Housing VA Virginia Affordable Housing Management Inc 0.00000 Glen Mountain LP 115 South 15th Street Suite 501 Richmond VA 23219 541787067 Affordable Housing VA Virginia Affordable Housing Management Inc 0.00000 Berkley Court Apartments LP 115 South 15th Street Suite 501 Richmond VA 23219 383917081 Affordable Housing VA Virginia Affordable Housing Management Inc 0.00000 Pretlow-Old Town Apartments LP 115 South 15th Street Suite 501 Richmond VA 23219 901022809 Affordable Housing VA Virginia Affordable Housing Management Inc 0.00000 Wolf Creek Housing LP 115 South 15th Street Suite 501 Richmond VA 23219 541923390 Affordable Housing VA Virginia Affordable Housing Management Inc 0.00000 Cascade LP 115 South 15th Street Suite 501 Richmond VA 23219 311577179 Affordable Housing VA Virginia Affordable Housing Management Inc 0.00000 VCDC Equity Fund 26 LLC 115 South 15th Street Suite 501 Richmond VA 23219 874387783 Affordable Housing VA NA 0.00000 West Virginia Impact Fund III LLC 115 South 15th Street Suite 501 Richmond VA 23219 881058575 Affordable Housing WV NA 0.00000 VCDC Equity Fund 27 LLC 115 South 15th Street Suite 501 Richmond VA 23219 933414339 Affordable Housing 0.00000 Virginia Affordable Housing Management Inc 115 South 15th Street Suite 501 Richmond VA 23219 541919351 Affordable Housing VA VCDC C 1.00000 Virginia Housing Capital Corporation 115 South 15th Street Suite 501 Richmond VA 23219 161692022 Affordable Housing VA VCDC C 1.00000 Scenic States Capital 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