Liabilities / Assets
47th percentile
Higher debt load relative to assets than 47% of similar nonprofits.
990 • Fiscal year 2024 • EIN 54-1914519
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
47th percentile
Higher debt load relative to assets than 47% of similar nonprofits.
Liabilities / Revenue
80th percentile
Higher debt load relative to revenue than 80% of similar nonprofits.
Net Margin
85th percentile
Higher net margin than 85% of similar nonprofits.
Top Officer Pay
71st percentile
Higher top officer pay than 71% of similar nonprofits.
Top officer pay equals 11.1% of source-year revenue.
Asset Growth
75th percentile
Faster asset growth than 75% of similar nonprofits.
Revenue Growth
4th percentile
Faster revenue growth than 4% of similar nonprofits.
Assets
Up$15,822,893
Up $2,040,400 (+15%) from 2023
Net Assets
Up$13,493,130
Up $902,009 (+7.2%) from 2023
Liabilities
Up$2,329,763
Up $1,138,391 (+96%) from 2023
Revenue
Down$2,374,234
Down $3,201,497 (-57%) from 2023
Expenses
Up$1,472,214
Up $365,587 (+33%) from 2023
Net Income
Down$902,020
Down $3,567,084 (-80%) from 2023
To Promote the development of affordable housing for Virginia's poorest and most underserved residents
VCDF provides alternative financing and technical assistance to real estate developers engaged in the creation or preservation of affordable housing, community development, and economic development projects throughout our service areas of Virginia and West Virginia.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $6,556,889 | $10,656,879 | ▲ $4,099,990 |
| Cash and Non-Interest-Bearing Accounts | $7,156,058 | $4,350,772 | ▼ $2,805,286 |
| Accounts Receivable | $55,182 | $810,479 | ▲ $755,297 |
| Investments Program Related | $3,236 | - | - |
| Total Assets | $13,782,493 | $15,822,893 | ▲ $2,040,400 |
| Other Assets Total | $11,128 | $4,763 | ▼ $6,365 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $1,103,587 | $2,253,587 | ▲ $1,150,000 |
| Accounts Payable and Accrued Expenses | $87,785 | $76,176 | ▼ $11,609 |
| Total Liabilities | $1,191,372 | $2,329,763 | ▲ $1,138,391 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $9,750,894 | $10,179,946 | ▲ $429,052 |
| Net Assets Without Donor Restrictions | $2,840,227 | $3,313,184 | ▲ $472,957 |
| Total Net Assets Fund Balance | $12,591,121 | $13,493,130 | ▲ $902,009 |
| Total Liabilities and Net Assets / Fund Balance | $13,782,493 | $15,822,893 | ▲ $2,040,400 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $3,489 | - | - |
| Name | Title | Full / Part Time | Other | Total |
|---|---|---|---|---|
| Robert Newman | Treasurer | - | $263,092 | $263,092 |
| Laura Dupuy | Secretary | FT | $134,224 | $134,224 |
| Name | Title |
|---|---|
| John PSalop | President |
| Karen Wilds | Vice President |
| Andy Kegley | Board Member |
| Junior Burr | Board Member |
| Karen Jacobson | Board Member |
| Neil Amin | Board Member |
| Philip Brooks | Board Member |
| Philip Stetson | Board Member |
| Robert Newman | - |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Ariel Ventures LLC | Professional Fees | 1163 East 40th Street 201, Cleveland, OH 44114 | $151,600 |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,210,847 |
| Salaries, Compensation, and Employee Benefits | $261,367 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $235,230 | $26,137 | $0 | $261,367 |
| Depreciation Depletion | $185,948 | $0 | $0 | $185,948 |
| Other Expenses | $0 | $93,470 | $0 | $93,470 |
| Interest | $0 | $33,295 | $0 | $33,295 |
| Office Expenses | $0 | $217 | $0 | $217 |
| Total Functional Expenses | $1,319,095 | $153,119 | $0 | $1,472,214 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,472,214 |
| Total Expenses per Audited Statements | $1,472,214 |
| Total Expenses per Form 990 | $1,472,214 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The President and Treasurer approve the 990 before it”
“is submitted.”
“The parent corporation (VCDC) has a conflict of interest and whistle-blower policy, which also applies to VCDF.”
“The Secretary and Treasurer of VCDF were full-time staff of an affiliate, Virginia Community Development Corporation (VCDC). VCDC commissioned a comprehensive compensation (salary and benefits) survey in 2021 to assess the market for comparable compensation for all staff. In addition, VCDC obtains salary and broad benefit comparables through its membership in the National Association of State and Local Equity Funds. The VCDC CEO determines compensation for these positions using this information as reference.”
“The Secretary and Treasurer of VCDF were full-time staff of VCDC that were shared with VCDF and other affiliates. The compensation reported in this return is for the full-time salary and benefits, not for the portion of compensation allocated to VCDF.”
“VCDC appoints the Board Members.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 87785 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 76176 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 55182 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 810479 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | VCDF provides alternative financing and technical assistance to real estate developers engaged in the creation or preservation of affordable housing, community development, and economic development projects throughout our service areas of Virginia and West Virginia. |
| IRS990/AllOtherContributionsAmt | 0 | 1131675 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | Russ Parrish |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8044825387 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 15 South 15th Street Suite 501 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Richmond |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 23219 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 7156058 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 4350772 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | true |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 151600 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 1163 East 40th Street 201 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | Cleveland |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | OH |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 44114 |
| IRS990/ContractorCompensationGrp/ContractorName/PersonNm | 0 | Ariel Ventures LLC |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | Professional Fees |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 1131675 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 415602 |
| IRS990/CYOtherExpensesAmt | 0 | 1210847 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 826957 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 902020 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 261367 |
| IRS990/CYTotalExpensesAmt | 0 | 1472214 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 2374234 |
| IRS990/DAFExcessBusinessHoldingsInd | 0 | false |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/FundraisingAmt | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 185948 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 185948 |
| IRS990/Desc | 0 | VCDF is a subsidiary of VCDC, which invests equity into community development project with a focus on affordable housing. VCDF is a certified Community Development Financial Institution (CDFI) and applies its focus to other tools to assist in the development of these projects, primarily through affordable loans to Low Income Housing Tax Credit projects and through economic development loans in low income communities. In addition, VCDF offers a technical assistance program to its partners and borrowers. VCDF is also a Certified Development Entity (CDE) and thereby can apply to the US Treasurys New Market Tax Credit program (NMTC) for allocation of credits for investment in economic development projects. VCDF received its second allocation of NMTCs in the 2018 2018 round for $35,000,000 , and those NMTCs have been fully deployed. VCDF will continue to apply for new rounds of NMTCs and intends to continue to invest in community facilities as well as mixed-use projects. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | true |
| IRS990/DistributionToDonorInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | true |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 9750894 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 10179946 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 1319095 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditPerformedInd | 0 | true |
| IRS990/FederalGrantAuditRequiredInd | 0 | true |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 38.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 41179 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 19224 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | John PSalop |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Robert Newman |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Neil Amin |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Karen Wilds |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Laura Dupuy |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Andy Kegley |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Philip Stetson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Karen Jacobson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Philip Brooks |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Junior Burr |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 221913 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 115000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Vice President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Board Member |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 1996 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 2374234 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InterestGrp/FundraisingAmt | 0 | 0 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 33295 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/InterestGrp/TotalAmt | 0 | 33295 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 415602 |
| IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/InvestmentInJointVentureInd | 0 | true |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 3236 |
| IRS990/IRPDocumentCnt | 0 | 9 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | VA |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | VCDF provides alternative financing and technical assistance to real estate developers engaged in the creation or preservation of affordable housing, community development, and economic development projects throughout our service areas of Virginia and West Virginia. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 12591121 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 13493130 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 2840227 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 3313184 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 217 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 217 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 11128 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 4763 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | -11 |
| IRS990/OtherExpensesGrp/Desc | 0 | Professional Fees |
| IRS990/OtherExpensesGrp/Desc | 1 | Debt Forgivness |
| IRS990/OtherExpensesGrp/Desc | 2 | Bad Debt |
| IRS990/OtherExpensesGrp/Desc | 3 | Other |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 3 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 93470 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 738200 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 75000 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 84717 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 0 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 738200 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 75000 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 84717 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 93470 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 26137 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 235230 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 261367 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 6556889 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 10656879 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | Chris Sterling |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531390 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 531390 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 531390 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 3 | 531390 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Asset Management Fees |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | Other Income |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | NMTC Fee Revenue |
| IRS990/ProgramServiceRevenueGrp/Desc | 3 | Loan Fees |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 1 | 0 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 2 | 0 |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 3 | 0 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 372424 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 338959 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 75774 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 3 | 39800 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 1 | 0 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 2 | 0 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 3 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 4994605 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 150870 |
| IRS990/PYOtherExpensesAmt | 0 | 864057 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 430256 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 4469104 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 242570 |
| IRS990/PYTotalExpensesAmt | 0 | 1106627 |
| IRS990/PYTotalRevenueAmt | 0 | 5575731 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 902020 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | true |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 826957 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | Other Income Part II, Line 10 Description: Program Service 2020: 724444. 2021: 322939. 2022: 870724. 2023: 430256. 2024: 826957. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Pt II Ln 10 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 1131675 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 4994605 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 375000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 4375000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 450000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 11326280 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 415602 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 150870 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 74462 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 30377 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 9381 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 680692 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 826957 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 430256 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 870724 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 322939 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 724444 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 3175320 |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.74600 |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.80540 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 11326280 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 1131675 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 4994605 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 375000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 4375000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 450000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 11326280 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 15182292 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/DisclosedForCharitablePrpsInd | 0 | true |
| IRS990ScheduleD/DisclosedOrgLegCtrlInd | 0 | true |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1472214 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 1274 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 3489 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Accrued Interest |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | Investment in Partnerships |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 2374234 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 4763 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1472214 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 2374234 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 2374234 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1472214 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | false |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | false |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | false |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt | 0 | 221913 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 22400 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 18779 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | Robert Newman |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 263092 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The President and Treasurer approve the 990 before it |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | is submitted. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The parent corporation (VCDC) has a conflict of interest and whistle-blower policy, which also applies to VCDF. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | The Secretary and Treasurer of VCDF were full-time staff of an affiliate, Virginia Community Development Corporation (VCDC). VCDC commissioned a comprehensive compensation (salary and benefits) survey in 2021 to assess the market for comparable compensation for all staff. In addition, VCDC obtains salary and broad benefit comparables through its membership in the National Association of State and Local Equity Funds. The VCDC CEO determines compensation for these positions using this information as reference. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | The Secretary and Treasurer of VCDF were full-time staff of VCDC that were shared with VCDF and other affiliates. The compensation reported in this return is for the full-time salary and benefits, not for the portion of compensation allocated to VCDF. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | VCDC appoints the Board Members. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Pt VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Pt VI, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Pt VI, Line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Pt VI, Line 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Pt VI, Line 7a |
| IRS990ScheduleR/AssetExchangeInd | 0 | false |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | false |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | false |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | false |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | false |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | false |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | VCDF Manager Inc |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN | 0 | 271408838 |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt | 0 | Support Related Organizations |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt | 0 | 1840 W Broad Street |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm | 0 | RICHMOND |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd | 0 | 23220 |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | NA |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt | 1 | NA |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt | 2 | NA |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt | 3 | NA |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt | 4 | NA |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt | 5 | NA |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt | 6 | NA |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN | 0 | 271409202 |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN | 1 | 271409246 |
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Displayed year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.