Civic Intelligence

Virginia Beach Community Development Corporation

990 • Fiscal year 2019 • EIN 54-1378797

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 27, 2020

Organization ProfileWWW.VBCDC.ORG

View Organization Page

2400 Potters RoadVirginia Beach, VA 23454

(757) 463-9516

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.67x

Higher debt load relative to assets than 81% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

4.02x

Higher debt load relative to revenue than 92% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

13th percentile

-15%

Higher net margin than 13% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$158,028

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

17th percentile

-3.4%

Faster asset growth than 17% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

25th percentile

-5.0%

Faster revenue growth than 25% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$31,582,611

Down $1,101,039 (-3.4%) from 2018

Net Assets

Down

$10,318,428

Down $793,309 (-7.1%) from 2018

Liabilities

Down

$21,264,183

Down $307,730 (-1.4%) from 2018

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin13th percentile

Revenue

Down

$5,283,250

Down $275,904 (-5.0%) from 2018

Expenses

Down

$6,079,641

Down $390,963 (-6.0%) from 2018

Net Income

Up

-$796,391

Up $115,059 (+13%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2011: $28,921,711Liabilities 2011: $13,819,415Net Assets 2011: $15,102,2962011Assets 2012: $30,282,574Liabilities 2012: $15,061,664Net Assets 2012: $15,220,9102012Assets 2013: $31,556,727Liabilities 2013: $16,313,591Net Assets 2013: $15,243,1362013Assets 2014: $31,124,849Liabilities 2014: $16,349,566Net Assets 2014: $14,775,2832014Assets 2015: $30,176,245Liabilities 2015: $15,724,006Net Assets 2015: $14,452,2392015Assets 2016: $29,168,100Liabilities 2016: $16,060,840Net Assets 2016: $13,107,2602016Assets 2017: $33,560,164Liabilities 2017: $21,535,508Net Assets 2017: $12,024,6562017Assets 2018: $32,683,650Liabilities 2018: $21,571,913Net Assets 2018: $11,111,7372018Assets 2019: $31,582,611Liabilities 2019: $21,264,183Net Assets 2019: $10,318,4282019Assets 2020: $30,804,049Liabilities 2020: $21,139,498Net Assets 2020: $9,664,5512020Assets 2021: $35,859,352Liabilities 2021: $20,753,939Net Assets 2021: $15,105,4132021Assets 2022: $35,346,329Liabilities 2022: $20,152,631Net Assets 2022: $15,193,6982022Assets 2023: $35,715,518Liabilities 2023: $20,471,664Net Assets 2023: $15,243,8542023Assets 2024: $33,954,192Liabilities 2024: $19,973,272Net Assets 2024: $13,980,9202024

Highlighted filing

2019

Assets$31,582,611
Liabilities$21,264,183
Net Assets$10,318,428
Open 2019 Filing

Operations Trend

Revenue Growth25th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $4,204,102Expenses 2011: $4,278,795Net Income 2011: -$74,6932011Revenue 2012: $4,953,543Expenses 2012: $4,838,787Net Income 2012: $114,7562012Revenue 2013: $4,546,849Expenses 2013: $4,519,985Net Income 2013: $26,8642013Revenue 2014: $4,880,013Expenses 2014: $5,349,616Net Income 2014: -$469,6032014Revenue 2015: $5,664,088Expenses 2015: $5,988,456Net Income 2015: -$324,3682015Revenue 2016: $5,311,988Expenses 2016: $6,662,769Net Income 2016: -$1,350,7812016Revenue 2017: $5,220,845Expenses 2017: $6,297,645Net Income 2017: -$1,076,8002017Revenue 2018: $5,559,154Expenses 2018: $6,470,604Net Income 2018: -$911,4502018Revenue 2019: $5,283,250Expenses 2019: $6,079,641Net Income 2019: -$796,3912019Revenue 2020: $5,509,223Expenses 2020: $6,165,812Net Income 2020: -$656,5892020Revenue 2021: $8,715,709Expenses 2021: $7,335,260Net Income 2021: $1,380,4492021Revenue 2022: $7,614,457Expenses 2022: $7,404,821Net Income 2022: $209,6362022Revenue 2023: $7,936,723Expenses 2023: $7,809,624Net Income 2023: $127,0992023Revenue 2024: $7,136,805Expenses 2024: $8,268,321Net Income 2024: -$1,131,5162024

Highlighted filing

2019

Revenue$5,283,250
Expenses$6,079,641
Net Income-$796,391
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 27, 2020
Return Version
2018v3.1
Gross Receipts
$5,300,235
Mission and Program Overview

Mission

To assist the city of virginia beach by partnering with the public and private sectors to provide quality afforable housing opportunities to low and moderate income people.

To provide housing for low and moderate income families

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$26,874,663$25,719,129▼ $1,155,534
Other Notes and Loans Receivable, Net$2,761,883$2,872,075▲ $110,192
Accounts Receivable$939,074$813,967▼ $125,107
Cash and Non-Interest-Bearing Accounts$778,731$804,319▲ $25,588
Investments in Publicly Traded Securities$436,102$446,239▲ $10,137
Pledges and Grants Receivable$69,093$48,543▼ $20,550
Prepaid Expenses and Deferred Charges$20,340$600▼ $19,740
Total Assets$32,683,650$31,582,611▼ $1,101,039
Other Assets Total$803,764$877,739▲ $73,975
Liabilities
Mortgage Notes Payable Secured by Investment Property$21,282,830$20,970,622▼ $312,208
Other Liabilities$132,505$149,318▲ $16,813
Accounts Payable and Accrued Expenses$156,578$144,243▼ $12,335
Total Liabilities$21,571,913$21,264,183▼ $307,730
Net Assets / Fund Balance
Unrestricted Net Assets$11,111,737$10,318,428▼ $793,309
Total Net Assets Fund Balance$11,111,737$10,318,428▼ $793,309
Total Liabilities and Net Assets / Fund Balance$32,683,650$31,582,611▼ $1,101,039

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,873,366$14,536,359$31,409,725
Land$8,838,960-$8,838,960
Other Land Buildings$6,803$61,006$67,809
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Addie Wright ThomasonChief Executive OfficerPT$151,428$6,600$151,428
Jessica GuglielmoInterim President & CEOPT$117,278$4,900$122,178
Sharon ShoffVP DevelopmentPT$83,932$2,544$86,476
Kim JohnsonVP and CFOPT$76,280$4,052$80,332

Board Members and Trustees

NameTitle
Wanda CooperPresident
Courtney LalondeVice President
Eric WrayFinance Committee
Myron NahraFunds Development/finance Committee
Christopher L BrownPersonnel Committee
Robert EwellProject Development Committe
Jeremy C JohnnsonProject Development Committee
Terron RodgersSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
For Kids INCSsvf Subcontractor4200 COLLEY AVE, Norfolk, VA 23508$201,831
Revenue and Support

Revenue Composition

Contributions and Grants
$1,254,084
Program Service Revenue
$3,686,660
Investment Income
$284,154
Other Revenue
$58,352
All Other Contributions
$104,276
Change in Net Assets
$-796,391

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,283,250
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,082
Total Revenue per Audited Statements
$5,286,332
Total Revenue per Form 990
$5,283,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,443,739
Salaries, Compensation, and Employee Benefits$1,635,902
Total Fundraising Expense$79,393
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,130,552$24,982-$1,155,534
Other Salaries and Wages$737,893$193,111$41,990$972,994
Interest$862,573$13,891-$876,464
Current Officers, Directors, Trustees, and Key Employees$323,776-$37,403$361,179
Insurance$208,447$1,831-$210,278
Other Employee Benefits$172,883$30,509-$203,392
All Other Expenses$151,378$44,292-$195,670
Other Expenses$169,671--$169,671
Occupancy$99,118$54,077-$153,195
Payroll Taxes$83,587$14,750-$98,337
Information Technology$54,166$23,739-$77,905
Fees for Services Accounting$40,048$13,349-$53,397
Fees for Services Legal$38,766$6,349-$45,115
Travel$38,011$636-$38,647
Office Expenses$20,500$5,447-$25,947
Advertising$6,368--$6,368
Conferences and Meetings$1,255$2,961-$4,216
Total Functional Expenses$5,570,324$429,924$79,393$6,079,641

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,079,641
Total Expenses per Audited Statements$6,079,641
Total Expenses per Form 990$6,079,641
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$149,318
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The annual form 990 is reviewed by the chief financial officer and chief executive officer. The form 990 is also submitted to the organization's independent auditors and is presented to the board of directors for approval.”

Form 990, Part VI, Section B, Line 12C

“Officers and directors are required annually to disclose all real estate holdings and dealings to the city of virginia beach city council. In addition, each board member must read and sign the vbcdc code of conduct. The code of conduct delineates the responsibilities of board members while in and out of sessions and includes requirements to declare any conflicts of interest that may arise. Enforcement of the code of conduct is clearly spelled out in the document and includes steps to be taken if any board member appears to be in violation of the code.”

Form 990, Part VI, Section B, Line 15A

“The personnel committee of the vbcdc board of directors annually reviews the compensation for the chief executive officer and makes recommendations to the board regarding retention and compensation. Factors such as performance, budget, and comparable salaries are used to make a decision. All decisions are substantiated by meeting minutes.”

Form 990, Part VI, Section C, Line 19

“The organization made its governing documents, conflict of interest policy, and financial statements available to the public using a "public file" established for inspection at the office upon request.”

Filing and Contact Details

Filer

Filer Name
Virginia Beach Community Development
EIN
54-1378797
Phone
7574639516
Address
2400 POTTERS ROAD, VIRGINIA BEACH, VA 23454

Signing Officer

Name
Jessica Guglielmo
Title
Interim President & CEO
Phone
7574639516
Signed
2020-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Guglielmo
Formed
1985
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
8
Employees
52
Volunteers
6

Preparer

Firm
Dixon Hughes Goodman Llp
Address
440 MONTICELLO AVE SUITE 1400, NORFOLK, VA 23510
Preparer
Lakrisha J Watson
Phone
7576245100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“Vbcdc is a nonprofit organization exempt from federal and state income tax under section 501(c)(3) of the internal revenue code and tax statutes of the commonwealth of virginia; accordingly, the accompanying consolidated financial statements do not reflect a provision or liability for federal and state income taxes.”

Raw XML AppendixShowing 400 of 630 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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PERSONNEL COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4PROJECT DEVELOPMENT COMMITTE
IRS990/Form990PartVIISectionAGrp/TitleTxt5FUNDS DEVELOPMENT/FINANCE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6FINANCE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7PROJECT DEVELOPMENT COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8INTERIM PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP AND CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP DEVELOPMENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0158015
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt01149808
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0175000
IRS990/GrossReceiptsAmt05300235
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt023739
IRS990/InformationTechnologyGrp/ProgramServicesAmt054166
IRS990/InformationTechnologyGrp/TotalAmt077905
IRS990/InsuranceGrp/ManagementAndGeneralAmt01831
IRS990/InsuranceGrp/ProgramServicesAmt0208447
IRS990/InsuranceGrp/TotalAmt0210278
IRS990/InterestGrp/ManagementAndGeneralAmt013891
IRS990/InterestGrp/ProgramServicesAmt0862573
IRS990/InterestGrp/TotalAmt0876464
IRS990/InvestmentIncomeGrp/ExclusionAmt0126139
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0126139
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0436102
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0446239
IRS990/IRPDocumentCnt063
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014597365
IRS990/LandBldgEquipBasisNetGrp/BOYAmt026874663
IRS990/LandBldgEquipBasisNetGrp/EOYAmt025719129
IRS990/LandBldgEquipCostOrOtherBssAmt040316494
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt016985
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt021282830
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt020970622
IRS990/NetAssetsOrFundBalancesBOYAmt011111737
IRS990/NetAssetsOrFundBalancesEOYAmt010318428
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0158015
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0158015
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03082
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt054077
IRS990/OccupancyGrp/ProgramServicesAmt099118
IRS990/OccupancyGrp/TotalAmt0153195
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05447
IRS990/OfficeExpensesGrp/ProgramServicesAmt020500
IRS990/OfficeExpensesGrp/TotalAmt025947
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0803764
IRS990/OtherAssetsTotalGrp/EOYAmt0877739
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt030509
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0172883
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0203392
IRS990/OtherExpensesGrp/Desc0PROPERTY MAINTENANCE
IRS990/OtherExpensesGrp/Desc1SUPPORT SERVICES
IRS990/OtherExpensesGrp/Desc2ASSOCIATION FEES
IRS990/OtherExpensesGrp/Desc3SUBGRANTEES
IRS990/OtherExpensesGrp/ProgramServicesAmt0768944
IRS990/OtherExpensesGrp/ProgramServicesAmt1484785
IRS990/OtherExpensesGrp/ProgramServicesAmt2177603
IRS990/OtherExpensesGrp/ProgramServicesAmt3169671
IRS990/OtherExpensesGrp/TotalAmt0768944
IRS990/OtherExpensesGrp/TotalAmt1484785
IRS990/OtherExpensesGrp/TotalAmt2177603
IRS990/OtherExpensesGrp/TotalAmt3169671
IRS990/OtherLiabilitiesGrp/BOYAmt0132505
IRS990/OtherLiabilitiesGrp/EOYAmt0149318
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt058352
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt058352
IRS990/OtherRevenueTotalAmt058352
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt041990
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0193111
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0737893
IRS990/OtherSalariesAndWagesGrp/TotalAmt0972994
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02761883
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02872075
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014750
IRS990/PayrollTaxesGrp/ProgramServicesAmt083587
IRS990/PayrollTaxesGrp/TotalAmt098337
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt069093
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt048543
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020340
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0600
IRS990/PrincipalOfficerNm0JESSICA GUGLIELMO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03655765
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt130895
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03655765
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt130895
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01305439
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0657009
IRS990/PYOtherExpensesAmt04819539
IRS990/PYOtherRevenueAmt0585
IRS990/PYProgramServiceRevenueAmt03596121
IRS990/PYRevenuesLessExpensesAmt0-911450
IRS990/PYSalariesCompEmpBnftPaidAmt01651065
IRS990/PYTotalExpensesAmt06470604
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05559154
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-796391
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03903027
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2016 AMOUNT: $ 1,200. 2017 AMOUNT: $ 585. 2018 AMOUNT: $ 58,352.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01254084
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01305439
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01860777
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02201219
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01914530
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08536049
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0126139
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0116243
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0158329
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0103881
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt058231
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0562823
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt016980698
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt058352
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0585
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01200
IRS990ScheduleA/OtherIncome170Grp/TotalAmt060137
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93200
IRS990ScheduleA/PublicSupportPY170Pct00.94310
IRS990ScheduleA/PublicSupportTotal170Amt08536049
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01254084
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01305439
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01860777
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02201219
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01914530
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08536049
IRS990ScheduleA/TotalSupportAmt09159009
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt016873366
IRS990ScheduleD/BuildingsGrp/DepreciationAmt014536359
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt031409725
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06079641
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt08838960
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt08838960
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03082
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06803
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt061006
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt067809
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0149318
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt03082
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05283250
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0VBCDC IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA; ACCORDINGLY, THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt025719129
IRS990ScheduleD/TotalExpensesPerForm990Amt06079641
IRS990ScheduleD/TotalLiabilityAmt0149318
IRS990ScheduleD/TotalRevenuePerForm990Amt05283250

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,582,611
Liabilities
$21,264,183
Net assets
$10,318,428
Revenue
$5,283,250
Expenses
$6,079,641
Net income
-$796,391
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.0$20.0$14.0$7.14$8.27$1.13
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.7$20.5$15.2$7.94$7.81$0.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.3$20.2$15.2$7.61$7.40$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.9$20.8$15.1$8.72$7.34$1.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.8$21.1$9.66$5.51$6.17$0.66
2019Detailed filing. Detailed filing data is available for this year.$31.6$21.3$10.3$5.28$6.08$0.80
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.7$21.6$11.1$5.56$6.47$0.91
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.6$21.5$12.0$5.22$6.30$1.08
2016Detailed filing. Detailed filing data is available for this year.$29.2$16.1$13.1$5.31$6.66$1.35
2015Detailed filing. Detailed filing data is available for this year.$30.2$15.7$14.5$5.66$5.99$0.32
2014Summary only. Only limited summary data is available for this year.$31.1$16.3$14.8$4.88$5.35$0.47
2013Summary only. Only limited summary data is available for this year.$31.6$16.3$15.2$4.55$4.52$0.03
2012Summary only. Only limited summary data is available for this year.$30.3$15.1$15.2$4.95$4.84$0.11
2011Summary only. Only limited summary data is available for this year.$28.9$13.8$15.1$4.20$4.28$0.07