Nonprofit · EIN 20-0779486
VIRGINIA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · SUFFOLK, VA 23439
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $375,069 | $168,924 | $206,145 | $459,183 | $112,609 | $346,574 |
| December 31, 2023 | 990 | $128,318 | $143,983 | -$15,665 | $511,497 | $371,068 | $140,429 |
| December 31, 2022 | 990-EZ | $63,555 | $125,289 | -$61,734 | $388,403 | $306,607 | $81,796 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $78,982
- Program service revenue
- $51,720
- Investment income
- $237,107
- Net rental income
- $7,260
- Net gain from sales of assets
- $236,868
- Other revenue
- $7,260
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $39,658
- Salaries, compensation and benefits (total)
- $48,170
- Professional fundraising fees
- $0
- Depreciation
- $3,791
- Program services (functional)
- $143,448
- Management and general (functional)
- $17,036
- Fundraising (functional)
- $8,440
Balance sheet and other
- Total assets, start of year
- $511,497
- Total assets, end of year
- $459,183
- Total liabilities, end of year
- $112,609
- Net assets, end of year
- $346,574
- Land, buildings and equipment
- $337,171
- Publicly traded securities
- $161
- Net assets with donor restrictions
- $346,574
- Gross receipts
- $497,979
- Employees
- 7
- Year formed
- 2004
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES R TAYLOR III | President Trustee or director, Officer | 0 | $0 |
| Katrina S Taylor | Vice President Trustee or director, Officer | 0 | $0 |
| Glenda Whyte | Secretary Trustee or director, Officer | 0 | $0 |
| James A Young Sr | Treasurer Trustee or director, Officer | 0 | $0 |
| Michael L Baldwin | Director Trustee or director | 0 | $0 |
| Danielle Flipping | Director Trustee or director | 0 | $0 |
| Shannon Williams | Director Trustee or director | 0 | $0 |
| Latisha Brown | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES R TAYLOR III | President Trustee or director, Officer | 0 | $0 |
| Katrina S Taylor | Vice President Trustee or director, Officer | 0 | $0 |
| Glenda Whyte | Secretary Trustee or director, Officer | 0 | $0 |
| James A Young Sr | Treasurer Trustee or director, Officer | 0 | $0 |
| Michael L Baldwin | Director Trustee or director | 0 | $0 |
| Danielle Flipping | Director Trustee or director | 0 | $0 |
| Shannon Williams | Director Trustee or director | 0 | $0 |
990-EZ for the year ended December 31, 2022: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES R TAYLOR III | President | 10 | $0 |
| Katrina S Taylor | Vice President | 2 | $0 |
| Ariel K Heard | Secretary | 2 | $0 |
| James A Young Sr | Treasurer | 2 | $0 |
| Michael L Baldwin | Director | 2 | $0 |
| Danielle Flipping | Director | 2 | $0 |
| Kathleen White | Director | 2 | $0 |
| Tee Williams | Director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 445 N MAIN ST UNIT 1574, SUFFOLK, VA 23439-1558
- Principal officer (990 for 2024)
- James Taylor
- Signed the 990
- James Taylor, President
- Phone
- (866) 931-5760
- Website
- https://www.vhcdc.net/
- Return prepared by
- Overhead Solutions Group LLC
Mission
THE COMMUNITY DEVELOPMENT MISSION OF VIRGINIA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION vchdc IS TO EDUCATE AND EMPOWER INDIVIDUALS, FAMILIES AND MINORITY BUSINESS OWNERS TO BUILD WEALTH, ACCESS CAPITAL AND CREDIT, AND ACHIEVE HOME OWNERSHIP. VHCDC ACHIEVES THIS MISSION THROUGH A STEADY STREAM OF WEALTH BUILDING INITIATIVES, HOME OWNERSHIP EDUCATION AND ASSISTANCE, SMALL BUSINESS FINANCINGS AND ACQUIRING AND REHABILITATING DISTRESSED HOUSING IN TARGETED COMMUNITIES
Program accomplishments
- THE COMMUNITY DEVELOPMENT MISSION OF VIRGINIA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION VHCDC IS TO EDUCATE AND EMPOWER INDIVIDUALS FAMILIES AND MINORITY BUSINESS OWNERS TO BUILD WEALTH ACCESS CAPITAL AND CREDIT AND ACHIEVE HOME OWNERSHIPExpenses $143,448 · revenue $130,702
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0779486
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L01)
- Assets (IRS master file)
- $459,183
- Income (IRS master file)
- $497,979
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $375,069 | $168,924 | $459,183 | IRS |
| 990 | December 2023 | $128,318 | $143,983 | $511,497 | XML |
| 990-EZ | December 2022 | $63,555 | $125,289 | $388,403 | XML |
| 990 | December 2021 | $41,118 | $0 | $20,594 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0779486).
Questions about VIRGINIA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of VIRGINIA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of VIRGINIA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION is 20-0779486.
- Is VIRGINIA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to VIRGINIA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRGINIA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VIRGINIA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRGINIA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VIRGINIA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names James Taylor.
- Who are the officers and directors of VIRGINIA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does VIRGINIA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $375,069, expenses of $168,924 and total assets of $459,183 at year end.
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