Nonprofit · EIN 23-2462126
COMMUNITY VENTURES INC
Tax-exempt · PHILADELPHIA, PA 19106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $19,309,937 | $18,210,733 | $1,099,204 | $26,334,375 | $4,008,762 | $22,325,613 |
| December 31, 2024 | 990 | $23,998,345 | $20,605,614 | $3,392,731 | $24,325,409 | $3,099,000 | $21,226,409 |
| December 31, 2023 | 990 | $1,640,458 | $1,668,071 | -$27,613 | $18,479,436 | $645,758 | $17,833,678 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,000,651
- of which government grants
- $948,227
- Program service revenue
- $18,147,476
- Investment income
- $161,810
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $455,806
- Other salaries and wages
- $948,083
- Salaries, compensation and benefits (total)
- $1,779,458
- Professional fundraising fees
- $0
- Legal fees
- $5,416
- Accounting fees
- $32,600
- Occupancy
- $96,043
- Travel
- $1,888
- Program services (functional)
- $17,324,118
- Management and general (functional)
- $876,615
- Fundraising (functional)
- $10,000
Balance sheet and other
- Total assets, start of year
- $24,325,409
- Total assets, end of year
- $26,334,375
- Total liabilities, end of year
- $4,008,762
- Net assets, end of year
- $22,325,613
- Net assets without donor restrictions
- $22,305,613
- Net assets with donor restrictions
- $20,000
- Gross receipts
- $19,309,937
- Employees
- 23
- Volunteers
- 5
- Year formed
- 1987
- State of legal domicile
- PA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID LAFONTAINE | EXECUTIVE DIRECTOR Trustee or director | 40 | $135,211 | $25,765 |
| TROY HANNIGAN | DIRECTOR OF DEVELOPMENT Trustee or director | 40 | $129,099 | $31,476 |
| CYNTIA FORTUNE | FINANCIAL CONTROLLER Trustee or director | 40 | $113,296 | $20,959 |
| NANCY WAGNER-HISLIP | BOARD CHAIR Trustee or director | 2 | $0 | $0 |
| THOMAS WILLIAMS | TREASURER (Until 10/13/25) Trustee or director | 2 | $0 | $0 |
| H AIDEN BLYTH JR | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JOHN HOWARD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DEBORAH MCCOLLOCH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TROY HANNIGAN | DIRECTOR OF DEVELOPMENT Trustee or director | 40 | $128,277 | $32,187 |
| DAVID LAFONTAINE | EXECUTIVE DIRECTOR Trustee or director | 40 | $131,284 | $25,697 |
| CYNTIA FORTUNE | FINANCIAL CONTROLLER Trustee or director | 40 | $109,589 | $21,142 |
| NANCY WAGNER-HISLIP | BOARD CHAIR Trustee or director | 2 | $0 | $0 |
| THOMAS WILLIAMS | TREASURER Trustee or director | 2 | $0 | $0 |
| H AHADA STANFORD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| H AIDEN BLYTH JR | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ROB FLEMING | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JOHN HOWARD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| NINA LIOU | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DEBORAH MCCOLLOCH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID LAFONTAINE | EXECUTIVE DIRECTOR Trustee or director | 40 | $119,136 | $28,779 |
| TROY HANNIGAN | DIRECTOR OF DEVELOPMENT Trustee or director | 40 | $107,321 | $27,901 |
| CYNTIA FORTUNE | FINANCIAL CONTROLLER Trustee or director | 40 | $101,738 | $7,239 |
| NANCY WAGNER-HISLIP | BOARD CHAIR Trustee or director | 2 | $0 | $0 |
| THOMAS WILLIAMS | TREASURER Trustee or director | 2 | $0 | $0 |
| H AHADA STANFORD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| H AIDEN BLYTH JR | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ROB FLEMING | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JOHN HOWARD | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| NINA LIOU | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DEBORAH MCCOLLOCH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 325 CHESTNUT ST STE 610, PHILADELPHIA, PA 19106-2607
- Principal officer (990 for 2025)
- DAVID LAFONTAINE, 325 CHESTNUT STREET SUITE 610, PHILADELPHIA, PA 19106
- Signed the 990
- DAVID LAFONTAINE, CEO
- Phone
- (215) 564-6004
- Return prepared by
- SNYDER DAITZ & COMPANY
Mission
COMMUNITY VENTURES MISSION IS TO WORK IN PARTNERSHIP WITH NEIGHBORHOOD-BASED ORGANIZATIONS TO IMPROVE COMMUNITIES AND TO INCREASE THE SUPPLY OF AFFORDABLE HOUSING. COMMUNITY VENTURES HAS DEVELOPED OVER 500 UNITS FOR AFFORDABLE HOUSING, 13,000 SF OF COMMERCIAL SPACE, AND GREEN SPACES AND MANAGES 325 RESIDENTIAL RENTAL UNITS.
Program accomplishments
- DEVELOPMENT AND PROPERTY MANAGEMENT OF LOW TO MODERATE INCOME HOUSING IN PARTNERSHIP WITH LOCAL NEIGHBORHOOD GROUPS IN PHILADELPHIA INCLUDING BOTH RENTAL AND HOMEOWNERSHIP OPPORTUNITIES. COMMUNITY VENTURES STRIVES TO ACHIEVE THE HIGHEST LEVELS OF ENVIRONMENTAL SUSTAINABILITY AND TO PRODUCE BEAUTIFUL AND HIGH QUALITY NEIGHBORHOODS.Expenses $1,197,511 · revenue $2,737,585
- PHILADELPHIA REBUILD - PHILADELPHIA REBUILD IS THE CITY OF PHILADELPHIAS REBUILDING COMMUNITY INFRASTRUCTURE PROGRAM TO INVEST OVER $500 MILLION INTO THE CITYS PARKS, RECREATION CENTERS, AND LIBRARIES. COMMUNITY VENTURES WAS CHOSEN TO DEVELOP AND SUPERVISE FIVE PROJECTS AND THE PHILADELPHIA REBUILD PROGRAM. COMMUNITY VENTURES MANAGES THESE REBUILD PROJECTS THROUGH COMMUNITY ENGAGEMENT, DESIGN, AND CONSTRUCTION IN PARTNERSHIP WITH RESIDENTS, THE CITY, AND ADDITIONAL STATE GRANTS. THE MAJORITY OF VENDORS INVOLVED ARE CONTRACTED TO COMMUNITY VENTURES AND INVOICE COMMUNITY VENTURES EVEN THOUGH THE VENDORS ARE ACTUALLY PAID BY THE CITY OF PHILADELPHIA. FOR THE PURPOSES OF THIS TAX RETURN, THESE TRANSACTIONS ARE NOT DEEMED TO BE COMMUNITY VENTURES TRANSACTIONS AND ARE INCLUDED AS REVENUE AND EXPENSES.Expenses $16,126,607 · revenue $15,409,891
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 | 990 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
- 23-2462126
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $26,334,375
- Income (IRS master file)
- $19,309,937
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $19,309,937 | $18,210,733 | $26,334,375 | XML |
| 990 | December 2024 | $23,998,345 | $20,605,614 | $24,325,409 | XML |
| 990 | December 2023 | $1,640,458 | $1,668,071 | $18,479,436 | XML |
| 990 | December 2022 | $1,560,468 | $1,510,598 | $18,608,885 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 23-2462126).
Questions about COMMUNITY VENTURES INC
- What is the EIN of COMMUNITY VENTURES INC?
- The employer identification number (EIN) of COMMUNITY VENTURES INC is 23-2462126.
- Is COMMUNITY VENTURES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to COMMUNITY VENTURES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY VENTURES INC 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 COMMUNITY VENTURES INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY VENTURES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of COMMUNITY VENTURES INC?
- The 990 for the year ended December 31, 2025 names DAVID LAFONTAINE.
- Who are the officers and directors of COMMUNITY VENTURES INC?
- The 990 for the year ended December 31, 2025 lists 8 people; 3 received compensation from the organization, the highest $135,211 (DAVID LAFONTAINE, EXECUTIVE DIRECTOR).
- How much revenue does COMMUNITY VENTURES INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $19,309,937, expenses of $18,210,733 and total assets of $26,334,375 at year end.
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