Civic Intelligence

Vermont Avenue Baptist Church Development Corporation

EIN 45-0583218 • 501(c)3 • Washington, DC

Profile

The VABC Development Corporation was organized to combat community deterioration by assisting, promoting, and encouraging development of affordable and senior housing and revitalization of blighted areas to enhance, enrich, and promote the quality of life in the community and improve human and educational opportunities of residents, and provide workforce and skills development, job training, employment opportunities and entrepreneurial development for socially and economically disadvantaged persons.

1630 Vermont Avenue NWWashington, DC 20009
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.42x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

5.61x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

59th percentile

9.1%

Higher net margin than 59% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

32nd percentile

-3.4%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

53rd percentile

8.7%

Faster revenue growth than 53% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$742,418

Down $25,774 (-3.4%) from 2023

Liabilities

Down

$1,053,368

Down $42,866 (-3.9%) from 2023

Net Assets

Up

-$310,950

Up $17,092 (+5.2%) from 2023

Operations
Liabilities / Revenue98th percentileNet Margin59th percentile

Revenue

Up

$187,894

Up $15,011 (+8.7%) from 2023

Expenses

Down

$170,802

Down $15,380 (-8.3%) from 2023

Net Income

Up

$17,092

Up $30,391 (+229%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth32nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0-$500KAssets 2012: $1,357,488Liabilities 2012: $1,477,245Net Assets 2012: -$119,7572012Assets 2013: $1,267,227Liabilities 2013: $1,439,659Net Assets 2013: -$172,4322013Assets 2014: $1,168,890Liabilities 2014: $1,396,020Net Assets 2014: -$227,1302014Assets 2015: $1,062,900Liabilities 2015: $1,347,644Net Assets 2015: -$284,7442015Assets 2016: $1,183,964Liabilities 2016: $1,285,643Net Assets 2016: -$101,6792016Assets 2017: $1,095,326Liabilities 2017: $1,269,009Net Assets 2017: -$173,6832017Assets 2018: $993,086Liabilities 2018: $1,214,023Net Assets 2018: -$220,9372018Assets 2019: $927,029Liabilities 2019: $1,179,624Net Assets 2019: -$252,5952019Assets 2020: $861,901Liabilities 2020: $1,161,302Net Assets 2020: -$299,4012020Assets 2021: $838,375Liabilities 2021: $1,143,448Net Assets 2021: -$305,0732021Assets 2022: $804,907Liabilities 2022: $1,119,650Net Assets 2022: -$314,7432022Assets 2023: $768,192Liabilities 2023: $1,096,234Net Assets 2023: -$328,0422023Assets 2024: $742,418Liabilities 2024: $1,053,368Net Assets 2024: -$310,9502024

Highlighted filing

2024

Assets$742,418
Liabilities$1,053,368
Net Assets-$310,950
Open 2024 Filing

Operations Trend

Revenue Growth53rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2012: $56,995Expenses 2012: $155,557Net Income 2012: -$98,5622012Revenue 2013: $158,159Expenses 2013: $213,994Net Income 2013: -$55,8352013Revenue 2014: $163,776Expenses 2014: $218,474Net Income 2014: -$54,6982014Revenue 2015: $168,697Expenses 2015: $226,311Net Income 2015: -$57,6142015Revenue 2016: $178,802Expenses 2016: $224,093Net Income 2016: -$45,2912016Revenue 2017: $176,841Expenses 2017: $248,845Net Income 2017: -$72,0042017Revenue 2018: $182,706Expenses 2018: $229,960Net Income 2018: -$47,2542018Revenue 2019: $195,223Expenses 2019: $226,881Net Income 2019: -$31,6582019Revenue 2020: $100,301Expenses 2020: $147,107Net Income 2020: -$46,8062020Revenue 2021: $118,215Expenses 2021: $144,109Net Income 2021: -$25,8942021Revenue 2022: $162,226Expenses 2022: $171,896Net Income 2022: -$9,6702022Revenue 2023: $172,883Expenses 2023: $186,182Net Income 2023: -$13,2992023Revenue 2024: $187,894Expenses 2024: $170,802Net Income 2024: $17,0922024

Highlighted filing

2024

Revenue$187,894
Expenses$170,802
Net Income$17,092
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$742,418
Liabilities
$1,053,368
Net assets
-$310,950
Revenue
$187,894
Expenses
$170,802
Net income
$17,092
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.74$1.05$0.31$0.19$0.17$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.77$1.10$0.33$0.17$0.19$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.80$1.12$0.31$0.16$0.17$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.84$1.14$0.31$0.12$0.14$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.86$1.16$0.30$0.10$0.15$0.05
2019Summary only. Only limited summary data is available for this year.$0.93$1.18$0.25$0.20$0.23$0.03
2018Summary only. Only limited summary data is available for this year.$0.99$1.21$0.22$0.18$0.23$0.05
2017Summary only. Only limited summary data is available for this year.$1.10$1.27$0.17$0.18$0.25$0.07
2016Summary only. Only limited summary data is available for this year.$1.18$1.29$0.10$0.18$0.22$0.05
2015Summary only. Only limited summary data is available for this year.$1.06$1.35$0.28$0.17$0.23$0.06
2014Summary only. Only limited summary data is available for this year.$1.17$1.40$0.23$0.16$0.22$0.05
2013Summary only. Only limited summary data is available for this year.$1.27$1.44$0.17$0.16$0.21$0.06
2012Summary only. Only limited summary data is available for this year.$1.36$1.48$0.12$0.06$0.16$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 15, 2025
Return Version
2024v5.0
Gross Receipts
$187,894
Mission and Program Overview

Mission

The VABC Development Corporation was organized to combat community deterioration by assisting, promoting, and encouraging development of affordable and senior housing and revitalization of blighted areas to enhance, enrich, and promote the quality of life in the community and improve human and educational opportunities of residents, and provide workforce and skills development, job training, employment opportunities and entrepreneurial development for socially and economically disadvantaged persons.

The Corporation was organized to combat community deterioration by assisting, promoting and encouraging development of affordable and senior housing and revitalization of blighted areas; enhance the quality of life in the community; and provide workforce and skills development for the disadvantaged.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$748,216$715,725▼ $32,491
Savings and Temporary Cash Investments$17,615$16,322▼ $1,293
Cash and Non-Interest-Bearing Accounts$2,160$10,150▲ $7,990
Prepaid Expenses and Deferred Charges$201$221▲ $20
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-328,042$-310,950▲ $17,092
Total Assets$768,192$742,418▼ $25,774
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$901,524$874,247▼ $27,277
Other Liabilities$187,075$174,968▼ $12,107
Accounts Payable and Accrued Expenses$7,635$4,153▼ $3,482
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,096,234$1,053,368▼ $42,866
Net Assets / Fund Balance
Total Net Assets Fund Balance$-328,042$-310,950▲ $17,092
Total Liabilities and Net Assets / Fund Balance$768,192$742,418▼ $25,774

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$487,369$466,157$953,526
Other Land Buildings$0$410,478$410,478
Land$228,356-$228,356
Equipment$0$37,640$37,640
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Rahman A StringfieldPresident
Sabina M LoftyRegistered Agent
Alfred A MartinSecretary
Betty J HoldenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$187,894
Investment Income
$0
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$17,092
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$170,802
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$87,916--$87,916
Depreciation Depletion$32,491--$32,491
Fees for Services Other$21,641--$21,641
Fees for Services Management$21,333--$21,333
Other Expenses$3,955$0$0$3,955
All Other Expenses$1,530--$1,530
Fees for Services Accounting$1,432--$1,432
Total Functional Expenses$170,802$0$0$170,802
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Non-Interest Bearing Loan Payable to Third Party (Vermont Avenue Baptist Church)$158,646
Rental Securities Payable (Including Interest)$16,322
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The Vermont Avenue Baptist Church Development Corporation has no external committees acting on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“Prior to the filing of Form 990 with the Internal Revenue Service, the Treasurer prepared the form in accordance with the prior year's submission and current year's instructions. Copies of the completed form and applicable schedules were provided to each current Board member for their separate review prior to submission.”

Form 990, Part VI, Section C, Line 19

“The applicable referenced documents were not requested and were not made available to the public during the tax year.”

Filing and Contact Details

Filer

Filer Name
Vermont Avenue Baptist Church Development Corporation
EIN
45-0583218
Phone
2026671078
Address
1630 Vermont Avenue NW, Washington, DC 20009

Signing Officer

Name
Alfred Martin
Title
Director/Secretary
Phone
2026671078
Signed
2025-08-15

Organization Details

Principal Officer
Rahman Stringfield
Formed
2007
Legal Domicile
Dc
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
4
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other Expenses include amounts for Maintenance and Repairs that total $19,141 and Landscaping Services that total $2,500. These two amounts add to a grand total of $21,641.”

Raw XML AppendixShowing 400 of 563 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
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IRS990/LessRentalExpensesGrp/RealAmt00
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IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
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IRS990/LocalChaptersInd00
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IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The VABC Development Corporation was organized to combat community deterioration by assisting, promoting, and encouraging development of affordable and senior housing and revitalization of blighted areas to enhance, enrich, and promote the quality of life in the community and improve human and educational opportunities of residents, and provide workforce and skills development, job training, employment opportunities and entrepreneurial development for socially and economically disadvantaged persons.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0901524
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0874247
IRS990/NetAssetsOrFundBalancesBOYAmt0-328042
IRS990/NetAssetsOrFundBalancesEOYAmt0-310950
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IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt087916
IRS990/OccupancyGrp/TotalAmt087916
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Washer and Dryer Replacement
IRS990/OtherExpensesGrp/Desc1Dry Wall Repairs and Painting
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt0504
IRS990/OtherExpensesGrp/ProgramServicesAmt13955
IRS990/OtherExpensesGrp/TotalAmt0504
IRS990/OtherExpensesGrp/TotalAmt13955
IRS990/OtherLiabilitiesGrp/BOYAmt0187075
IRS990/OtherLiabilitiesGrp/EOYAmt0174968
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
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IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
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IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
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IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0201
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0221
IRS990/PrincipalOfficerNm0Rahman Stringfield
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Leases of Residential Building
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0187894
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0187894
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0186182
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0172883
IRS990/PYRevenuesLessExpensesAmt0-13299
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0186182
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0172883
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt017092
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
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IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0187894
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
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IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-328042
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-310950
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017615
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016322
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Vermont Avenue Baptist Church Development Corporation is classified as a public charity under Section 170(b)(1)(A)(vi) in which almost all of its support comes from gross receipts from related activities associated with the John H. Brooks, LLC. Although 2024 represents the Corporation's sixteenth tax year, it is the thirteenth year the Corporation has filed a full Form 990, Return of Organization Exempt from Income Tax. Previous submissions were by e-Postcard.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 18
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IRS990ScheduleA/PrivateFoundation170Ind0X
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