Nonprofit · EIN 34-1704488
VILLAGE CAPITAL CORPORATION
Tax-exempt · CLEVELAND, OH 44104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,961,610 | $1,450,280 | $511,330 | $23,698,729 | $15,490,473 | $8,208,256 |
| June 30, 2024 | 990 | $1,504,042 | $1,159,423 | $344,619 | $23,572,478 | $15,377,168 | $8,195,310 |
| June 30, 2023 | 990 | $1,484,314 | $1,101,536 | $382,778 | $24,649,319 | $16,849,274 | $7,800,045 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $824,400
- of which government grants
- $649,400
- Program service revenue
- $789,582
- Investment income
- $347,628
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $273,023
- Other salaries and wages
- $339,295
- Salaries, compensation and benefits (total)
- $442,585
- Professional fundraising fees
- $0
- Legal fees
- $58,010
- Accounting fees
- $33,125
- Occupancy
- $23,055
- Depreciation
- $980
- Program services (functional)
- $1,251,620
- Management and general (functional)
- $181,716
- Fundraising (functional)
- $16,944
Balance sheet and other
- Total assets, start of year
- $23,572,478
- Total assets, end of year
- $23,698,729
- Total liabilities, end of year
- $15,490,473
- Net assets, end of year
- $8,208,256
- Land, buildings and equipment
- $1,881
- Net assets without donor restrictions
- $8,133,256
- Net assets with donor restrictions
- $75,000
- Gross receipts
- $1,961,610
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1992
- State of legal domicile
- OH
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TANIA MENESSE | VICE CHAIRMAN Trustee or director, Officer | 3 | $0 | $236,244 | $10,923 |
| DIONE ALEXANDER | PRESIDENT Officer | 40 | $0 | $146,365 | $16,499 |
| MELODIE SANDERS | FORMER CFO Officer | 4 | $0 | $108,500 | $7,829 |
| DAVID EDDY | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN HAIRSTON III | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TERRY COYNE | LOAN COMMITTEE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SEAN APICELLA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAYLEIGH MUSIL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KYLE KOLESAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PETER SNAVELY JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ADAM STADLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MORTON D STANFIELD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KANDIS WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| VICTOR BARBALATO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOE BLACK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TANIA MENESSE | VICE CHAIRMAN Trustee or director, Officer | 3 | $0 | $225,258 | $16,000 |
| DIONE ALEXANDER | PRESIDENT Officer | 40 | $0 | $130,452 | $14,593 |
| MELODIE SANDERS | CFO Officer | 4 | $0 | $102,634 | $6,437 |
| DAVID EDDY | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN HAIRSTON III | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SEAN APICELLA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TERRY COYNE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEISHA GONZALEZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| YVETTE ITTU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAYLEIGH MUSIL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KYLE KOLESAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PETER SNAVELY JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ADAM STADLER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MORTON D STANFIELD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KANDIS WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TANIA MENESSE | VICE CHAIRMAN Trustee or director, Officer | 3 | $0 | $218,502 | $11,929 |
| DIONE ALEXANDER | PRESIDENT Officer | 40 | $0 | $138,315 | $12,113 |
| LINDA WARREN | SECRETARY Trustee or director, Officer | 1 | $0 | $127,645 | $5,693 |
| MELODIE SANDERS | SVP OF FINANCE Officer | 4 | $0 | $7,197 | $162 |
| DAVID EDDY | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| EMANUEL GLOVER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SEAN APICELLA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TERRY COYNE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DOROTHY CURTIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEISHA GONZALEZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHN HAIRSTON III | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| YVETTE ITTU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KAYLEIGH MUSIL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KYLE KOLESAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PETER SNAVELY JR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MORTON D STANFIELD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DEEPA VEDAVYAS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GORDON WEAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KANDIS WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11327 SHAKER BOULEVARD SUITE 500W, CLEVELAND, OH 44104-3862
- In care of
- % THOMAS E COX
- Principal officer (990 for 2024)
- DIONE ALEXANDER, 11327 SHAKER BOULEVARD SUITE 500W, CLEVELAND, OH 44104
- Signed the 990
- OLUSHOLA OJO, CFO
- Phone
- (216) 830-2770
- Website
- WWW.CLEVELANDNP.ORG
- Return prepared by
- REA & ASSOCIATES INC
Mission
INVESTING IN THE REVITALIZATION OF NORTHEAST OHIO'S UNDERSERVED COMMUNITIES THROUGH COMMERCIAL LENDING MAINLY IN THE CITY OF CLEVELAND AND THE DEVELOPMENT OF MINORITY CONTRACTORS.
Program accomplishments
- VILLAGE CAPITAL CORPORATION (VCC) BUILDS AND STRENGTHENS UNDERSERVED NEIGHBORHOODS IN NORTHEAST OHIO BY PROVIDING CAPITAL TO STRATEGIC REAL ESTATE DEVELOPMENT PROJECTS THAT SERVE AS A CATALYST FOR REVITALIZATION. OUR LOANS CAPITAL IS DEPLOYED TO PROJECTS THAT: ELIMINATE BLIGHT, PROVIDE QUALITY HOUSING AND COMMERCIAL ASSETS, CREATE JOBS, FOSTER ECONOMIC DIVERSITY AND INCLUSION, AND PROMOTE POSITIVE SOCIAL OUTCOMES FOR RESIDENTS.Expenses $1,251,620 · grants $273,023 · revenue $789,582
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1704488
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S200)
- Assets (IRS master file)
- $23,698,729
- Income (IRS master file)
- $1,961,610
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,961,610 | $1,450,280 | $23,698,729 | IRS |
| 990 | June 2024 | $1,504,042 | $1,159,423 | $23,572,478 | IRS |
| 990 | June 2023 | $1,484,314 | $1,101,536 | $24,649,319 | XML |
| 990 | June 2022 | $2,325,742 | $1,080,129 | $24,042,217 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 34-1704488).
Questions about VILLAGE CAPITAL CORPORATION
- What is the EIN of VILLAGE CAPITAL CORPORATION?
- The employer identification number (EIN) of VILLAGE CAPITAL CORPORATION is 34-1704488.
- Is VILLAGE CAPITAL CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to VILLAGE CAPITAL CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does VILLAGE CAPITAL 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 VILLAGE CAPITAL CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VILLAGE CAPITAL CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VILLAGE CAPITAL CORPORATION?
- The 990 for the year ended June 30, 2025 names DIONE ALEXANDER.
- Who are the officers and directors of VILLAGE CAPITAL CORPORATION?
- The 990 for the year ended June 30, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does VILLAGE CAPITAL CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,961,610, expenses of $1,450,280 and total assets of $23,698,729 at year end.
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All nonprofits in CLEVELAND · Ohio · Community improvement and capacity building