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Virginia Beach Community Development Corporation

Virginia Beach Community Development Corporation

Virginia Beach, VA 23454
Tax ID54-1378797

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Amount

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About this organization

Revenue

$5,283,250

Expenses

$6,079,641

Website

vbcdc.org

Mission

Our mission is to provide affordable housing opportunities for low and moderate income families in the City of Virginia Beach.

About

Permanent rental housing funds include income and expenses directly associated with the rental of affordable low-income housing under Noah, Home, Housing First, Biznet, Atlantis Manor, Cape Henry, Ocean Trace, Beach Park and Beach Park West apartment projects. In addition, veterans first housing assistance, support services for veterans families (SSVF) grant activity, project development fee income and investment activity are recorded under permanent rental housing funds.

Interesting data from their 2020 990 filing

The non-profit's mission, as documented in the filing, is “To assist the city of virginia beach by partnering with the public and private sectors to provide quality affordable housing opportunities to low and moderate income people.”.

When explaining its purpose, the activities were described as: “To provide housing for low and moderate income families”.

  • The non-profit is legally allowed to operate in the state of VA, as reported.
  • The filing provides the non-profit's address in 2020 as 2400 POTTERS ROAD, VIRGINIA BEACH, VA, 23454.
  • The non-profit has a total of 52 employees, as reported on their form for 2020.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$796,391.
  • The organization has 8 independent voting members.
  • The organization was formed in 1985.
  • The organization pays $1,635,902 in salary, compensation, and benefits to its employees.
  • The organization pays $79,393 in fundraising expenses.

By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
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