2025-05-14T10:00:27-05:00 2024-06-30 341310124 REA & ASSOCIATES INC 6300 ROCKSIDE RD CLEVELAND OH 44131 990 2023-07-01 341704488 VILLAGE CAPITAL CORPORATION VILL 2168302770 11327 SHAKER BOULEVARD SUITE 500W CLEVELAND OH 44104 MELODIE SANDERS SVP OF FINANCE 2168302770 2025-05-09 1 1 MELISSA A ORENICH CPA P01302117 2165732330 2025-05-09 2023 2025-03-06 01:10:19Z DIONE ALEXANDER 11327 SHAKER BOULEVARD SUITE 500W CLEVELAND OH 44104 1504042 0 X WWW.CLEVELANDNP.ORG X 1992 OH INVESTING IN THE REVITALIZATION OF NORTHEAST OHIO'S UNDERSERVED COMMUNITIES. 13 12 0 12 0 0 920000 375000 522351 639003 41963 490039 0 0 1484314 1504042 24000 27000 0 0 468088 527264 0 0 11967 609448 605159 1101536 1159423 382778 344619 24649319 23572478 16849274 15377168 7800045 8195310 INVESTING IN THE REVITALIZATION OF NORTHEAST OHIO'S UNDERSERVED COMMUNITIES THROUGH COMMERCIAL LENDING MAINLY IN THE CITY OF CLEVELAND AND THE DEVELOPMENT OF MINORITY CONTRACTORS. 0 0 983009 27000 639003 VILLAGE CAPITAL CORPORATION (VCC) BUILDS AND STRENGTHENS UNDERSERVED NEIGHBORHOODS IN NORTHEAST OHIO BY PROVIDING CAPITAL TO STRATEGIC REAL ESTATE DEVELOPMENT PROJECTS THAT SERVE AS A CATALYST FOR REVITALIZATION. OUR LOANS CAPITAL IS DEPLOYED TO PROJECTS THAT: ELIMINATE BLIGHT, PROVIDE QUALITY HOUSING AND COMMERCIAL ASSETS, CREATE JOBS, FOSTER ECONOMIC DIVERSITY AND INCLUSION, AND PROMOTE POSITIVE SOCIAL OUTCOMES FOR RESIDENTS. 983009 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 13 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 OH X THE ORGANIZATION 2168302770 11327 SHAKER BOULEVARD SUITE 500W CLEVELAND OH 44104 DAVID EDDY CHAIRMAN 1.00 1.00 X X 0 0 0 TANIA MENESSE VICE CHAIRMAN 3.00 37.00 X X 0 225258 16000 JOHN HAIRSTON III TREASURER 1.00 0.00 X X 0 0 0 SEAN APICELLA DIRECTOR 1.00 0.00 X 0 0 0 TERRY COYNE DIRECTOR 1.00 0.00 X 0 0 0 KEISHA GONZALEZ DIRECTOR 1.00 1.00 X 0 0 0 YVETTE ITTU DIRECTOR 1.00 0.00 X 0 0 0 KAYLEIGH MUSIL DIRECTOR 1.00 0.00 X 0 0 0 KYLE KOLESAR DIRECTOR 1.00 0.00 X 0 0 0 PETER SNAVELY JR DIRECTOR 1.00 0.00 X 0 0 0 ADAM STADLER DIRECTOR 1.00 0.00 X 0 0 0 MORTON D STANFIELD DIRECTOR 1.00 0.00 X 0 0 0 KANDIS WILLIAMS DIRECTOR 1.00 0.00 X 0 0 0 DIONE ALEXANDER PRESIDENT 40.00 0.00 X 0 130452 14593 MELODIE SANDERS CFO 4.00 36.00 X 0 102634 6437 0 458344 37030 0 0 1 0 0 125000 250000 375000 FEES - PROGRAM SERVICE 900099 509076 509076 INTEREST - PROGRAM SER 900099 129927 129927 639003 490039 490039 1504042 639003 0 490039 27000 27000 438557 343181 88906 6470 6213 4862 1260 91 62999 49298 12771 930 19495 15255 3952 288 107990 84505 21893 1592 31776 24865 6442 469 37500 29345 7602 553 386 302 79 5 5606 4387 1136 83 38766 30335 7859 572 23822 18642 4829 351 21569 16877 4372 320 321235 321235 83 65 15 3 3113 2437 632 44 DUES AND SUBSCRIPTIONS 13313 10418 2699 196 1159423 983009 164447 11967 560847 232840 14974547 10402161 200000 17344 14483 0 2861 8908073 12498843 205852 235773 24649319 23572478 251279 206403 7250000 5750000 9285000 9285000 62995 135765 16849274 15377168 X 7752214 7977610 47831 217700 7800045 8195310 24649319 23572478 X 344619 50646 X X 0 1 X 1 0 X X 1 NEIGHBORHOOD PROGRESS INC 341611055 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17344 14483 2861 2861 PROGRAM-RELATED LOANS 12498843 F 12498843 PAYABLE TO RELATED THIRD PARTY 135765 135765 X 1554688 50646 50646 1504042 0 1504042 1159423 0 1159423 0 1159423 PART X, LINE 2: THE FASB PROVIDES GUIDANCE FOR HOW UNCERTAIN INCOME TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ORGANIZATION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED WHEN CHALLENGED OR WHEN EXAMINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THEN-NOT THRESHOLD WOULD BE RECORDED AS A TAX BENEFIT OR EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEAR ENDED JUNE 30, 2024, MANAGEMENT HAS DETERMINED THERE ARE NO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECOVERY OF LOAN LOSSES 50,646. 1 SMOOCHES INCORPORATED 6200 CARDINAL MEADOW COURT MENTOR OH 44060 833158668 20000 0 BLACK WOMEN OWNED BUSINESS DEVELOPMENT PART I, LINE 2: A CONTRACT IS EXECUTED BETWEEN VCC AND ITS' GRANT RECIPIENTS CONTAINING STIPULATIONS THE RECIPIENT MUST MEET. VCC STAFF MEETS PERIODICALLY WITH GRANT RECIPIENTS TO MONITOR PROGRESS. X X X 0 0 0 0 0 0 0 0 0 TANIA MENESSE VICE CHAIRMAN 0 225024 0 0 0 234 0 4532 0 11468 0 241258 0 0 FORM 990, PART VI, SECTION A, LINE 6 NEIGHBORHOOD PROGRESS INC. (NPI) IS THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER SHALL APPOINT TWO THIRDS (2/3) OF THE DIRECTORS ("APPOINTED DIRECTORS") AND THE REMAINING DIRECTORS SHALL BE ELECTED BY THE BOARD OF DIRECTORS ("ELECTED DIRECTORS"). FORM 990, PART VI, SECTION A, LINE 7B THE VOTING MEMBERS ELECT OR APPOINT ALL OF THE MEMBERS OF THE GOVERNING BODY. SOME OF THE VOTING MEMBERS ARE MEMBERS OF THE GOVERNING BODY THEN SERVING. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY OUR INDEPENDENT ACCOUNTING FIRM, REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE PRESIDENT OF VCC AND SIGNED BY THE CHIEF FINANCIAL OFFICER. A DRAFT OF FORM 990 IS DISTRIBUTED TO NPI THE CONTROLLING ENTITY AUDIT COMMITTEE AND VCC BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AT EACH BOARD MEETING, BEFORE DISCUSSION BEGINS ON ANY LOAN DEAL, THE DIRECTORS OF THE BOARD ARE ASKED BY THE PRESIDENT IF ANYONE HAS A CONFLICT OF INTEREST. IN ADDITION, ANNUALLY EACH DIRECTOR OF THE BOARD AS WELL AS SENIOR STAFF MEMBERS MUST COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE DISCLOSING IN WRITING ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME AS SET FORTH IN IRC SECTION 6104(D). FORM 990, PART XI, LINE 9: RECOVERY OF LOAN LOSSES 50,646. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NEIGHBORHOOD PROGRESS INC 11327 SHAKER BLVD SUITE 500W CLEVELAND OH 44104 341611055 GRANTMAKING FOR COMMUNITY DEVELOPMENT OH 501(C)(3) LINE 7 0 NEW VILLAGE CORPORATION 11327 SHAKER BLVD SUITE 500W CLEVELAND OH 44104 341653986 REAL ESTATE DEVELOPMENT TO COMBAT BLIGHT OH 501(C)(3) LINE 7 NEIGHBORHOOD PROGRESS INC 1 SLAVIC VILLAGE RECOVERY LLC 11327 SHAKER BLVD SUITE 500W CLEVELAND OH 44104 341344279 RETAIL REAL ESTATE TO COMBAT BLIGHT OH 0 0 STL HOUSING LLC 11327 SHAKER BLVD SUITE 500W CLEVELAND OH 44104 571151167 DEVELOPING QUALITY AFFORDABLE HOUSING OH 0 0 SH SQ LLC 11327 SHAKER BLVD SUITE 500W CLEVELAND OH 44104 882678368 RETAIL REAL ESTATE MIXED USE SPACE OH 0 0 ST LUKE'S POINTE HOMEOWNERS ASSOC 11327 SHAKER BLVD SUITE 500W CLEVELAND OH 44104 208546912 HOMEOWNERS' ASSOCIATAION OH C 0 STL GP-1 CORP 11327 SHAKER BLVD SUITE 500W CLEVELAND OH 44104 274725064 DEVELOPING QUALITY AFFORDABLE HOUSING OH C 0 STL GP-2 CORP 11327 SHAKER BLVD SUITE 500W CLEVELAND OH 44104 460730923 DEVELOPING QUALITY AFFORDABLE HOUSING OH C 0 STL GP-3 CORP 11327 SHAKER BLVD SUITE 500W CLEVELAND OH 44104 463194152 RETAIL REAL ESTATE TO COMBAT BLIGHT OH C 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 NEIGHBORHOOD PROGRESS INC DBA CLEVELAND NEIGHBORHOOD PROGRESS N 593852 VCC INTERCOMPANY STAFFING COSTS P NEIGHBORHOOD PROGRESS INC DBA CLEVELAND NEIGHBORHOOD PROGRESS O 29976 VCC INTERCOMPANY NON-SALARY COSTS NEIGHBORHOOD PROGRESS INC DBA CLEVELAND NEIGHBORHOOD PROGRESS D 13028 NPI P&I LOAN REPAYMENTS TO VCC BA