Nonprofit · EIN 41-1800192
THE COMMUNITY DEVELOPMENT VENTURE CAPITAL ALLIANCE
Tax-exempt · NEW HOPE, PA 18938
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $7,456,147 | $2,778,050 | $4,678,097 | $22,592,293 | $1,571,243 | $21,021,050 |
| December 31, 2023 | 990 | $6,048,930 | $2,147,834 | $3,901,096 | $18,290,034 | $1,704,378 | $16,585,656 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,083,480
- of which government grants
- $496,677
- Program service revenue
- $4,293,814
- Investment income
- $78,716
- Other revenue
- $137
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $680,563
- Other salaries and wages
- $967,459
- Salaries, compensation and benefits (total)
- $1,841,310
- Professional fundraising fees
- $0
- Legal fees
- $142,044
- Accounting fees
- $37,984
- Occupancy
- $53,663
- Travel
- $74,132
- Depreciation
- $3,925
- Program services (functional)
- $2,530,829
- Management and general (functional)
- $212,335
- Fundraising (functional)
- $34,886
Balance sheet and other
- Total assets, start of year
- $18,290,034
- Total assets, end of year
- $22,592,293
- Total liabilities, end of year
- $1,571,243
- Net assets, end of year
- $21,021,050
- Land, buildings and equipment
- $9,841
- Net assets without donor restrictions
- $16,088,683
- Net assets with donor restrictions
- $4,932,367
- Gross receipts
- $7,456,147
- Employees
- 14
- Volunteers
- 4
- Year formed
- 1995
- State of legal domicile
- MN
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 | Other / benefits |
|---|---|---|---|---|
| KERWIN TESDELL | PRESIDENT Trustee or director, Officer | 40 | $550,000 | $62,230 |
| ERNESTO VILLARINI | MANAGING DIRECTOR Highest-paid employee | 40 | $185,135 | $18,085 |
| ALEXANDRIA HARRIS | VICE PRESIDENT Highest-paid employee | 40 | $143,813 | $11,957 |
| ALAN BERNSTEIN | TREASURER / MANAGING DIRECTOR Trustee or director, Officer | 30 | $68,333 | $0 |
| NATHANIEL HENSHAW | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TOM LOY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STANLEY TUCKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MYRNA RIVERA | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KERWIN TESDELL | PRESIDENT Trustee or director, Officer | 40 | $500,000 | $58,409 |
| ERNESTO VILLARINI | MANAGING DIRECTOR Highest-paid employee | 40 | $167,915 | $17,699 |
| ALEXANDRIA HARRIS | VICE PRESIDENT Highest-paid employee | 40 | $124,858 | $11,300 |
| JULIAN WOOD | VICE PRESIDENT Highest-paid employee | 40 | $112,445 | $12,196 |
| ALAN BERNSTEIN | TREASURER / MANAGING DIREC Trustee or director, Officer | 30 | $35,000 | $0 |
| NATHANIEL HENSHAW | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| TOM LOY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STANLEY TUCKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MYRNA RIVERA | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 102 SUMMER LEA CT, NEW HOPE, PA 18938-2237
- In care of
- % JUDY BURTON
- Principal officer (990 for 2024)
- KERWIN TESDELL, 475 RIVERSIDE DRIVE 1264, NEW YORK, NY 10115
- Signed the 990
- KERWIN TESDELL, PRESIDENT
- Phone
- (212) 594-6747
- Website
- WWW.CDVCA.ORG
- Return prepared by
- LUTZ AND CARR CPAS LLP
Mission
THE COMMUNITY DEVELOPMENT VENTURE CAPTIAL ALLIACE (CDVCA) IS THE NETWORK OF THE COMMUNITY DEVLEOPMENT VENTURE CAPTIAL INDUSTRY. CDVCA PROMOTES THE AVAILABILITY AND USE OF FLEXIBLE EQUITY RISK CAPITAL TO FUEL BUSINESSES GROWTH TO CREATE GOOD JOBS, PRODUCTIVE WEALTH, AND ENTREPRENEURIAL CAPACITY THAT ADVANCE THE LIVELIHOODS OF LOW-INCOME PEOPLE AND THE ECONOMIES OF DISTRESSED COMMUNITIES.
Program accomplishments
- CDVCA BUILDS THE FIELD OF COMMUNITY DEVELOPMENT VENTURE CAPITAL FUNDS THROUGH TRAINING, NETWORKING, PEER LEARNING, BEST PRACTICES DEVELOPMENT, AND IMPROVEMENT OF PUBLIC POLICY.Expenses $1,265,415 · revenue $16,750
- CDVCA MANAGES IMPACT INVESTMENT FUNDS ON AND OFF ITS BALANCE, WHICH IT INVESTS IN BOTH COMMUNITY DEVELOPMENT VENTURE CAPITAL FUNDS AND OPERATING BUSINESSES.Expenses $1,265,414 · revenue $4,277,064
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
- 41-1800192
- 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
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $22,592,293
- Income (IRS master file)
- $7,456,147
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $7,456,147 | $2,778,050 | $22,592,293 | XML |
| 990 | December 2023 | $6,048,930 | $2,147,834 | $18,290,034 | XML |
| 990 | December 2022 | $4,721,634 | $1,698,401 | $14,618,602 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 41-1800192).
Questions about THE COMMUNITY DEVELOPMENT VENTURE CAPITAL ALLIANCE
- What is the EIN of THE COMMUNITY DEVELOPMENT VENTURE CAPITAL ALLIANCE?
- The employer identification number (EIN) of THE COMMUNITY DEVELOPMENT VENTURE CAPITAL ALLIANCE is 41-1800192.
- Is THE COMMUNITY DEVELOPMENT VENTURE CAPITAL ALLIANCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to THE COMMUNITY DEVELOPMENT VENTURE CAPITAL ALLIANCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE COMMUNITY DEVELOPMENT VENTURE CAPITAL ALLIANCE 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 THE COMMUNITY DEVELOPMENT VENTURE CAPITAL ALLIANCE 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 THE COMMUNITY DEVELOPMENT VENTURE CAPITAL ALLIANCE 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 THE COMMUNITY DEVELOPMENT VENTURE CAPITAL ALLIANCE?
- The 990 for the year ended December 31, 2024 names KERWIN TESDELL.
- Who are the officers and directors of THE COMMUNITY DEVELOPMENT VENTURE CAPITAL ALLIANCE?
- The 990 for the year ended December 31, 2024 lists 8 people; 4 received compensation from the organization, the highest $550,000 (KERWIN TESDELL, PRESIDENT).
- How much revenue does THE COMMUNITY DEVELOPMENT VENTURE CAPITAL ALLIANCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $7,456,147, expenses of $2,778,050 and total assets of $22,592,293 at year end.
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