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Fchc Virginia Community Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521253695 ✦ Falls church, VA ✦ Designated as a 501(c)(3)

Overview

What is Fchc Virginia Community Development Corporation?

Fchc Virginia Community Development Corporation is a nonprofit organization situated in Falls Church, Virginia. Their primary mission is to preserve and create affordable rental housing, as well as provide predevelopment funding. Through their ownership of Winter Hill Apartments, they offer 83 units of housing for low-income individuals and families. In addition to providing the property, they also fund resident services programming for these residents. Overall, their goal is to enhance housing opportunities for low- and moderate-income households in the Washington metro area.


Official website here: www.fchccdc.org

Is Fchc Virginia Community Development Corporation legitimate?

Fchc Virginia Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fchc Virginia Community Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $241,060
Professional Fundraising Fees: $0
Other Salaries and Wages: $70,962

For more financial information, click here


Official website here: www.fchccdc.org

What is the mission statement of Fchc Virginia Community Development Corporation?

The mission of Fchc Virginia Community Development Corporation is centered around preserving and creating more affordable rental housing. This organization strives to expand and enhance housing opportunities for low- and moderate-income households in the Washington metro area. One of their key activities involves providing loans for the predevelopment and acquisition of affordable housing properties. As an example, they have contributed to the provision of 83 units of affordable housing in Winter Hill Apartments, catering to low-income individuals and their families. Furthermore, they offer funding for resident services programming to support these individuals living in these affordable housing units.


Official website here: www.fchccdc.org

Who is the CEO of Fchc Virginia Community Development Corporation?

Alla Eleon is the President of Fchc Virginia Community Development Corporation.


Official website here: www.fchccdc.org

What is the revenue of Fchc Virginia Community Development Corporation?

Fchc Virginia Community Development Corporation's revenue in 2022 was $1,593,003.


Official website here: www.fchccdc.org

Who are the executives of Fchc Virginia Community Development Corporation and what are their salaries?

The average compensation at Fchc Virginia Community Development Corporation during 2022 was $312,022. There are 1 employees at Fchc Virginia Community Development Corporation.

Here are 8 key members and their salaries:

    Richard F Burns (President) [Trustee/Director]
  • Compensation: $0
  • Related: $698,152
  • Other: $16,990

    • Stephen M Green (Vice President)
  • Compensation: $0
  • Related: $479,781
  • Other: $32,145

    • Eric Price (Vice President)
  • Compensation: $0
  • Related: $396,590
  • Other: $0

    • Alla Eleon (Treasurer And Cao)
  • Compensation: $0
  • Related: $301,039
  • Other: $26,944

    • Joseph P Wiedorfer (Vice President)
  • Compensation: $0
  • Related: $277,541
  • Other: $19,908

    • Carlos Gonzales (Senior Vice President)
  • Compensation: $0
  • Related: $261,998
  • Other: $15,840

    • Thomas G Vaccaro (Coo And Secretary) [Trustee/Director]
  • Compensation: $241,060
  • Related: $0
  • Other: $35,979

    • Dong Bui (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.fchccdc.org

    Where can I find the form 990 for Fchc Virginia Community Development Corporation?

    The Fchc Virginia Community Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.fchccdc.org

    Learn more at the official website: www.fchccdc.org

    Mission Statement of Fchc Virginia Community Development Corporation

    FCHC Virginia Community Development Corporation is dedicated to preserving and creating more affordable rental housing opportunities. Their mission extends beyond this, aiming to provide predevelopment funding to further enhance housing prospects for low- and moderate-income households in the Washington metro area. In pursuit of this goal, the corporation assumes control of Winter Hill Apartments, offering 83 units of affordable housing to individuals and families with low incomes. In addition to providing housing, FCHC also funds resident services programming for these inhabitants, ensuring they receive the necessary support.

    Impact

    This information is meant to be a general summary of Fchc Virginia Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Fchc Virginia Community Development Corporation's impact includes the provision of 83 units of affordable housing for low-income individuals and families in Falls Church, VA. Additionally, the corporation funds resident services programming for these individuals. Their mission is to expand and improve housing opportunities for low- and moderate-income households in the Washington Metro Area by providing financial support for the predevelopment and acquisition of affordable housing properties.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $402
  • Program Service Revenue: $610,146
  • Gross Receipts: $1,593,003

    • Assets and Liabilities:
  • Total Assets: $7,630,224
  • Total Liabilities: $7,132,138
  • Net Assets: $498,086
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $535,264

    LOAN INTEREST INCOME

    Revenue

    $67,990

    OTHER INCOME

    Revenue

    $3,757

    LAUNDRY & VENDING

    Revenue

    $1,960

    TENANT CHARGES

    Revenue

    $1,175

    Organization Details

    Founding Year

    1981

    Principal Officer

    Alla Eleon

    Main Address

    330-B SOUTH VIRGINA AVE STE 2, FALLS CHURCH, VA, 22046

    NTEE Category

    Code: L210 - Housing

    If you are a representative of Fchc Virginia Community Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.