Virginia Housing And Community Development Corporation
Virginia Housing And Community Development Corporation shows asset growth but consistent deficit spending in recent years.
EIN: 200779486 · Suffolk, VA · NTEE: L01 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $498K |
| Total Expenses | $144K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $497,979. |
| Net Assets | $140K |
| Transparency Score | 70/100 |
Search Intent Cockpit
Virginia Housing And Community Development Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Virginia Housing And Community Development Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Virginia Housing And Community Development Corporation in one place.
Form 990 Filing Summary
11 filing years are available, with latest revenue of $128K and expenses of $144K.
Revenue and Expenses
Virginia Housing And Community Development Corporation reported $128K in revenue and $144K in expenses, a deficit of $16K.
Executive Compensation
Top officer compensation appears as $497,979. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
70/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Virginia Housing And Community Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $108K (75%) |
Across stored filings, Virginia Housing And Community Development Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade C | 11 stored filing years |
| Peer context | Compare with Association Of Small Business Development Centers | Virginia and Category L context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Association Of Small Business Development Centers →All Virginia nonprofits
All Category L
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Suffolk, VA nonprofitsCategory L in Virginia
Human Services in Virginia
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Category L spending
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Keep the Investigation Moving
Virginia Housing And Community Development Corporation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Virginia Housing And Community Development Corporation
Virginia Housing And Community Development Corporation (EIN: 200779486) is a nonprofit organization based in Suffolk, VA, classified under NTEE code L01. The organization reported total revenue of $498K and total assets of $459K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Housing And Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Housing And Community Development Corporation is a small nonprofit that has been operating for 22 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $128K |
| Total Expenses | $144K |
| Surplus / Deficit | $-15,665 |
| Total Assets | $511K |
| Total Liabilities | $371K |
| Net Assets | $140K |
| Operating Margin | -12.2% |
| Debt-to-Asset Ratio | 72.5% |
| Months of Reserves | 42.6 months |
Financial Health Grade: C
In 2023, Virginia Housing And Community Development Corporation reported a deficit of $16K with expenses exceeding revenue, holds 42.6 months of operating reserves (strong position), has a debt-to-asset ratio of 72.5% (high leverage).
Financial Trends
Over 11 years of filings (2011–2023), Virginia Housing And Community Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +101.9% | +14.9% | +31.7% |
| 2022 | +54.6% | — | +1786.0% |
| 2021 | +47.8% | -100.0% | -92.7% |
| 2020 | +73.7% | +44.4% | +14.2% |
| 2019 | -34.5% | +16.9% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Virginia Housing And Community Development Corporation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Virginia Housing And Community Development Corporation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 72.5%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for an organization of its size with latest revenue of $497,979.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Virginia Housing And Community Development Corporation's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023 and 2022)
- Significant increase in liabilities without clear explanation in provided data (e.g., from $121,264 in 2020 to $371,068 in 2023)
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data to fully assess efficiency.
Strengths
The following positive indicators were identified for Virginia Housing And Community Development Corporation:
- Consistent 0% officer compensation, indicating strong commitment to minimizing executive overhead.
- Significant growth in assets over the past decade, from $12,792 in 2012 to $511,497 in 2023.
- Long filing history (11 filings), suggesting consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Virginia Housing And Community Development Corporation
Is Virginia Housing And Community Development Corporation a legitimate charity?
Virginia Housing And Community Development Corporation (EIN: 200779486) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 70/100. It has 11 years of IRS 990 filings on record. Total revenue: $498K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Virginia Housing And Community Development Corporation spend its money?
Virginia Housing And Community Development Corporation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Virginia Housing And Community Development Corporation tax-deductible?
Virginia Housing And Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 200779486). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Virginia Housing And Community Development Corporation CEO make?
Virginia Housing And Community Development Corporation's highest-compensated officer earns $497,979. annually. The organization reported $498K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Virginia Housing And Community Development Corporation's spending goes to programs?
Virginia Housing And Community Development Corporation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Virginia Housing And Community Development Corporation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Virginia Housing And Community Development Corporation is above average for NTEE category L01 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Virginia Housing And Community Development Corporation located?
Virginia Housing And Community Development Corporation is headquartered in Suffolk, Virginia and files with the IRS under EIN 200779486. It is classified under NTEE code L01.
How many years of IRS 990 filings does Virginia Housing And Community Development Corporation have?
Virginia Housing And Community Development Corporation has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $498K in total revenue.
Is Virginia Housing And Community Development Corporation financially sustainable given its recent deficit spending?
The organization has reported expenses exceeding revenue in multiple recent periods (e.g., 2023 and 2022), which could indicate a reliance on reserves or other funding. While assets have grown, this trend raises questions about long-term financial sustainability if not balanced by increased revenue or reduced expenses.
What is the nature of the significant increase in liabilities, particularly in 2021 and 2023?
Liabilities jumped from $121,264 in 2020 to $248,769 in 2021 and further to $371,068 in 2023. Understanding the specific types of these liabilities (e.g., program-related debt, mortgages, accounts payable) is crucial for assessing financial risk.
How does the organization manage its cash flow given the periods of negative net income?
With expenses exceeding revenue in several recent years, the organization must have strategies in place to manage cash flow, potentially drawing from accumulated assets or securing short-term financing. Further details on operational cash flow would be beneficial.
Filing History
IRS 990 filing history for Virginia Housing And Community Development Corporation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Virginia Housing And Community Development Corporation's revenue has grown by 445.2%, moving from $24K to $128K. Total assets increased by 11562% over the same period, from $4K to $511K. Total functional expenses rose by 618.5%, from $20K to $144K. In its most recent filing year (2023), Virginia Housing And Community Development Corporation reported a deficit of $16K, with expenses exceeding revenue. The organization holds $371K in liabilities against $511K in assets (debt-to-asset ratio: 72.5%), resulting in net assets of $140K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $128K | $144K | $511K | $371K | — | — |
| 2022 | $64K | $125K | $388K | $307K | — | View 990 |
| 2021 | $41K | $0 | $21K | $249K | — | View 990 |
| 2020 | $28K | $39K | $283K | $121K | — | — |
| 2019 | $16K | $27K | $248K | $75K | — | View 990 |
| 2018 | $24K | $23K | $249K | $72K | — | View 990 |
| 2015 | $17K | $11K | $20K | $0 | — | View 990 |
| 2014 | $13K | $13K | $14K | $0 | — | View 990 |
| 2013 | $7K | $6K | $14K | $94 | — | View 990 |
| 2012 | $53K | $44K | $13K | $0 | — | View 990 |
| 2011 | $24K | $20K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $128K, expenses of $144K, and assets of $511K (revenue +101.9% year-over-year).
- 2022: Revenue of $64K, expenses of $125K, and assets of $388K (revenue +54.6% year-over-year).
- 2021: Revenue of $41K, expenses of $0, and assets of $21K (revenue +47.8% year-over-year).
- 2020: Revenue of $28K, expenses of $39K, and assets of $283K (revenue +73.7% year-over-year).
- 2019: Revenue of $16K, expenses of $27K, and assets of $248K (revenue -34.5% year-over-year).
- 2018: Revenue of $24K, expenses of $23K, and assets of $249K (revenue +45.4% year-over-year).
- 2015: Revenue of $17K, expenses of $11K, and assets of $20K (revenue +24.9% year-over-year).
- 2014: Revenue of $13K, expenses of $13K, and assets of $14K (revenue +99.2% year-over-year).
- 2013: Revenue of $7K, expenses of $6K, and assets of $14K (revenue -87.2% year-over-year).
- 2012: Revenue of $53K, expenses of $44K, and assets of $13K (revenue +124.7% year-over-year).
- 2011: Revenue of $24K, expenses of $20K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia Housing And Community Development Corporation:
Data Sources and Methodology
This transparency report for Virginia Housing And Community Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.