Overview
What is Virginia Beach Community Development Corporation?
Virginia Beach Community Development Corporation is a nonprofit organization situated at 2400 Potters Road, Virginia Beach, VA 23454. Its primary mission is to collaborate with both public and private sectors, aiming to offer high-quality, affordable housing opportunities for low- and moderate-income individuals. The organization manages various projects, including NOAH, HOME, Housing First, BizNet, Atlantis Manor, Cape Henry, Ocean Trace, Beach Park, and Beach Park West Apartment projects. Additionally, they provide housing assistance for veterans through the Veterans First program and Support Services for Veterans Families (SSVF) grant activity. Their work also includes earning income through Project Development Fees and Investment Activities, all falling under the umbrella of Permanent Rental Housing Funds. Ultimately, they aim to enhance the living conditions for underprivileged families in the Virginia Beach community.
Official website here: www.vbcdc.org
Is Virginia Beach Community Development Corporation legitimate?
Virginia Beach Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Beach 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: $283,232
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,345,220
For more financial information, click here
Official website here: www.vbcdc.org
What is the mission statement of Virginia Beach Community Development Corporation?
The Virginia Beach Community Development Corporation's mission is to support its city by collaborating with both public and private sectors. Their primary goal is to provide high-quality, affordable housing opportunities for low and moderate-income families. To achieve this, they manage funds directly related to the rental of such housing units, including projects like NOAH, HOME, Housing First, and others. Additionally, they offer assistance for veterans through the Veterans First Housing program and support services for veterans' families. Their activities also include income from project development fees and investments.
Official website here: www.vbcdc.org
Who is the CEO of Virginia Beach Community Development Corporation?
Jessica Guglielmo is the President/Chair of Virginia Beach Community Development Corporation. The CEO's salary of Virginia Beach Community Development Corporation is $145,160 and their total compensation is $145,160.
Official website here: www.vbcdc.org
What is the revenue of Virginia Beach Community Development Corporation?
Virginia Beach Community Development Corporation's revenue in 2022 was $7,614,457.
Official website here: www.vbcdc.org
Who are the executives of Virginia Beach Community Development Corporation and what are their salaries?
The average compensation at Virginia Beach Community Development Corporation during 2022 was $41,755. There are 39 employees and 16 volunteers at Virginia Beach Community Development Corporation.
Here are 13 key members and their salaries (Virginia Beach Community Development Corporation's CEO's salary is $145,160 and their total compensation is $145,160):
- Jessica Guglielmo (Chief Executive Officer)
- Kim Johnson (Chief Financial Officer)
- Frank Mckinney (President/Chair) [Trustee/Director]
- Christopher L Brown (Vice President) [Trustee/Director]
- Worth Remick (Secretary/Treasurer) [Trustee/Director]
- Dr Audrey B Douglas-Cooke (Member) [Trustee/Director]
- J David Crain Jr (Funds Development Committe) [Trustee/Director]
- Robert Ewell (Project Development Commit) [Trustee/Director]
- Andrew Friedman (Finance Committee) [Trustee/Director]
- Brandon Hutchins (Executive Committee) [Trustee/Director]
- Jeremy C Johnnson (Project Development Commit) [Trustee/Director]
- Courtney Lalonde (Funds Development Committe) [Trustee/Director]
- Tim Mccarthy (Project Development Commit) [Trustee/Director]
Official website here: www.vbcdc.org
Where can I find the form 990 for Virginia Beach Community Development Corporation?
The Virginia Beach Community Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.vbcdc.org
Learn more at the official website: www.vbcdc.org
Mission Statement of Virginia Beach Community Development Corporation
Virginia Beach Community Development Corporation, abbreviated as VB CDC, is a dedicated organization with a mission to provide housing opportunities for families with low and moderate incomes. This nonprofit organization works in partnership with both the public and private sectors to achieve its goal. By doing so, VB CDC contributes to enhancing the quality of life for economically disadvantaged individuals in the community.
VB CDC's mission is evident in its various projects and funding activities. Permanent Rental Housing Funds are utilized to cover expenses directly associated with the rental of affordable low-income housing. Some of these projects include NOAH, HOME, Housing First, Biznet, Atlantis Manor, Cape Henry, Ocean Trace, Beach Park, and Beach Park West Apartment Projects. Additionally, the organization engages in activities such as Veterans First Housing Assistance, Support Services for Veterans Families (SSVF) Grant, and Project Development Fee Income and Investment, all aimed at providing affordable housing opportunities for the less fortunate.
Impact
This information is meant to be a general summary of Virginia Beach 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
Virginia Beach Community Development Corporation's impact can be seen in the provision of housing for low and moderate-income families in the city of Virginia Beach. By partnering with the public and private sectors, this organization works to offer quality affordable housing opportunities to those in need. Their focus on projects such as NOAH, HOME, Housing First, Biznet, Atlantis Manor, Cape Henry, Ocean Trace, Beach Park, Beach Park West Apartment, and Veterans First Housing Assistance demonstrates their commitment to addressing the housing needs of the community. Through their efforts, they contribute to community improvement by ensuring that individuals and families have access to stable and affordable housing options.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$4,922,327
MANAGEMENT FEES
Revenue
$57,372
Organization Details
Founding Year
1985
Phone
(757) 463-9516
Principal Officer
Jessica Guglielmo
Main Address
2400 POTTERS RD, VIRGINIA BEACH, VA, 23454
Website
www.vbcdc.org
NTEE Category
Code: S20Z - Community improvement
If you are a representative of Virginia Beach 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.