2025-11-17T08:02:37-08:00 2024-12-31 541950231 DOOLEY & VICARS CERTIFIED PUBLIC 1100 BOULDERS PARKWAY NORTH CHESTERFIELD VA 23225 990 2024-01-01 541533426 Virginia Community Development Corp VIRG 8043431200 115 South 15th Street Richmond VA 23219 Russ Parrish CFO 8043431200 2025-11-15 true true Thomas E Turner CPA P01275584 8043552808 2025-11-17 2024 2025-03-06 01:10:19Z Chris Sterling 115 S 15th St 501 Richmond VA 23219 2520531 false X www.vibrantcommunities.us X 1990 VA VCDC delivers vital financial resources and support while collaborating with local organizations dedicated to social impact, ensuring the creation of affordable homes in vibrant neighborhoods where everyone can thrive. 13 13 26 0 0 0 106111 108845 2755244 2325393 43113 86293 0 2904468 2520531 0 0 1834422 1931232 0 0 883528 867350 2717950 2798582 186518 -278051 7756782 7911037 148108 580414 7608674 7330623 VCDC delivers vital financial resources and support while collaborating with local organizations dedicated to social impact, ensuring the creation of affordable homes in vibrant neighborhoods where everyone can thrive. false false 2013003 0 2325393 VCDC serves communities by adding value through the development, funding and management of affordable housing and community revitalization projects. VCDC has worked with Low Income Housing Tax Credit projects since that programs inception and was the first manager of tax credit equity funds in Virginia. We connect developers, investors, and communities with the mission to build affordable housing and revitalize historic properties in order to create thriving neighborhoods that benefit all residents. We envision a future where everyone succeeds in communities anchored by affordable homes, healthy neighborhoods, and economic security. 2013003 true true false false false false false false false false true false false true true false false true false false false false false false false false false false false true false false false false false false false false false false false false true true false false false false true 24 0 true 26 true false false false false false false false false false false false false false X 13 13 false false false false false false false true true false false false true true true true true true true true true VA X X Russ Parrish 8044825387 115 South 15th Street Richmond VA 23219 Philip Brooks Board Chair 1.00 X X 0 0 0 Monica Jefferson Board Vice Chair 1.00 X X 0 0 0 Karen R Wilds Board Member 1.00 X 0 0 0 Robert J Adams Board Member 1.00 X 0 0 0 Neil Amin Board Member 1.00 X 0 0 0 Mike Chiappa Board Member 1.00 X 0 0 0 Susan Dewey Board Member 1.00 X 0 0 0 Karen Klick Board Member 1.00 X 0 0 0 Tyrone E Sessoms Board Member 1.00 X 0 0 0 Earlene Powell Board Member 1.00 X 0 0 0 Manju Ganeriwala Board Member 1.00 X 0 0 0 Jonathan Knopf Board Member 1.00 X 0 0 0 Jason Long Board Member 1.00 X 0 0 0 Robert L Newman President & CEO 30.00 X 221913 0 41179 Chris Sterling Vice President and COO 34.00 X 170900 0 43227 Jeff Meyer Director of Project Development 40.00 X 142500 0 14681 Russ Parrish Treasurer/Chief Financial Officer 32.00 X 142164 0 31564 Bernard Rogers Director of Equity Funds & Investor Relations 40.00 X 134924 0 42201 Steve Bleile Director of Project Development 40.00 X 131714 0 27839 944115 0 200691 6 false true false Dooley Vicars CPAs LLP 1100 Boulders Pkwy Suite 600 North Chesterfield VA 23225 Prtofessional Fees 510979 1 108845 108845 Program Service Fees 531390 2325150 0 0 Other Income 531390 243 0 0 2325393 86293 0 0 2520531 2411686 0 0 1596919 1277535 319384 0 334313 267450 66863 0 2514 2514 0 0 210303 0 210303 0 84756 0 84756 0 48286 48286 0 0 12186 12186 0 0 22066 0 22066 0 27954 0 27954 0 Professional Fees 99449 79559 19890 0 Sustainability Challenge 128585 128585 0 0 Utilities 18190 0 18190 0 Special Initatives 7048 7048 0 0 206013 189840 16173 0 2798582 2013003 785579 0 432374 523069 1418976 1352333 5041843 4733768 390138 257421 30437 132717 833152 1169150 7756782 7911037 136462 249033 11646 331381 148108 580414 X 7449696 7250283 158978 80340 7608674 7330623 7756782 7911037 -278051 X false true X true false X 0 0 207500 396982 114495 106111 108845 933933 2893763 2544686 2708396 2755244 2325393 13227482 0 0 3101263 2941668 2822891 2861355 2434238 14161415 0 0 0 14161415 7155 3246 2204 43113 50281 105999 7155 3246 2204 43113 50281 105999 14267414 0.99260 0.99570 0.00740 0.00430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 390138 257421 132717 132717 Security Deposits 10748 Lease Asset 308407 Investment In Subsidiaries 849995 1169150 Lease Liability 331381 331381 false false false false false false false false false Robert L Newman 221913 0 0 0 0 0 22400 0 18779 0 263092 0 0 0 Chris Sterling 170913 0 0 0 0 0 18000 0 25227 0 214140 0 0 0 Jeff Meyer 142500 0 0 0 0 0 14250 0 432 0 157182 0 0 0 Russ Parrish 142164 0 0 0 0 0 15200 0 31564 0 188928 0 0 0 Bernard Rogers 134924 0 0 0 0 0 14250 0 27951 0 177125 0 0 0 Steve Bleile 131714 0 0 0 0 0 13500 0 14339 0 159553 0 0 0 Pt VI, Line 11b The Finance Committee reviews and recommends the audit for approval by the Board and reviews and approves the tax return prior to submittal. Pt VI, Line 12c Board members and employees must sign the policy each year. Pt VI, Line 15a VCDC commissioned a comprehensive compensation (salary and benefits) survey in 2024 to assess the market comparability of VCDCs positions. I The VCDC Board determines compensation for the CEO and the CEO determines compensation for all other positions using this information as a reference. Pt VI, Line 15b Please see 15a above. Virginia Community Development Advisory Services 115 South 15th Street Suite 501 Richmond VA 23219 Advisory VA NA Virginia Community Development Fund Inc 115 South 15th Street Suite 501 Richmond VA 23219 541914519 Affordable Housing VA 501 (c)3 9 NA Housing Capital Corporation of Virginia 115 South 15th Street Suite 501 Richmond VA 23219 541594102 Affordable Housing VA 501 (c)3 9 NA Housing Equity Fund of Virginia XI LLC 115 South 15th Street Suite 501 Richmond VA 23219 208007900 Affordable Housing VA NA 0.00000 Housing Equity Fund of Kentucky I LLC 106 Pasco Street Berea KY 40403 202620149 Affordable Housing VA NA 0.00000 Housing Equity Fund Of Kentucky II LLC 106 Pasco St Berea KY 40403 262753968 Affordable Housing VA NA 0.00000 Housing Equity Fund of Virginia XII LLC 115 South 15th Street Suite 501 Richmond VA 23219 262789128 Affordable Housing VA NA 0.00000 Housing Equity Fund of Virginia XIV LLC 115 South 15th Street Suite 501 Richmond VA 23219 270607548 Affordable Housing VA NA 0.00000 Housing Equity Fund of Virginia XV LLC 115 South 15th Street Suite 501 Richmond VA 23219 273468017 Affordable Housing VA NA 0.00000 Housing Equity Fund of Virginia XVI LLC 115 South 15th Street Suite 501 Richmond VA 23219 452484517 Affordable Housing VA NA 0.00000 Housing Equity Fund of Virginia XVII LLC 115 South 15th Street Suite 501 Richmond VA 23219 461125346 Affordable Housing VA NA 0.00000 Housing Equity Fund of Virginia XVIII LLC 115 South 15th Street Suite 501 Richmond VA 23219 463282447 Affordable Housing VA NA 0.00000 Housing Equity Fund of Virginia XIX LLC 115 South 15th Street Suite 501 Richmond VA 23219 471723798 Affordable Housing VA NA 0.00000 Housing Equity Fund of Kentucky III LLC 319 Oak Street Berea KY 40403 451441942 Affordable Housing VA NA 0.00000 Housing Equity Fund of Virginia XX LLC 115 South 15th Street Suite 501 Richmond VA 23219 475492222 Affordable Housing VA NA 0.00000 Housing Equity Fund of Virginia XXI LLC 115 South 15th Street Suite 501 Richmond VA 23219 814539426 Affordable Housing VA NA 0.00000 Housing Equity Fund of Virginia XXIII LLC 115 South 15th Street Suite 501 Richmond VA 23219 833981228 Affordable Housing VA NA 0.00000 Housing Equity Fund of Virginia XXII LLC 115 South 15th Street Suite 501 Richmond VA 23219 823684979 Affordable Housing VA NA 0.00000 West Virginia Impact Fund I LLC 115 South 15th Street Suite 501 Richmond VA 23219 843772964 Affordable Housing WV NA 0.00000 Housing Equity Fund of Virginia XXIV LLC 115 South 15th Street Suite 501 Richmond VA 23219 844445629 Affordable Housing VA NA 0.00000 Downtown Pearisburg LP 115 South 15th Street Suite 501 Richmond VA 23219 274015949 Affordable Housing VA Shelton Place Management LLC 0.00000 Alleghany Building LP 115 South 15th Street Suite 501 Richmond VA 23219 541850132 Affordable Housing VA Virginia Affordable Housing Management Inc 0.00000 Olde Towne Housing LLC 115 South 15th Street Suite 501 Richmond VA 23219 273834044 Affordable Housing VA Woodrum Westview Pearisburg Management LLC 0.00000 VCDC Equity Fund 25 LLC 115 South 15th Street Suite 501 Richmond VA 23219 863472344 Affordable Housing VA NA 0.00000 West Virginia Impact Fund II LLC 115 South 15th Street Suite 501 Richmond VA 23219 871508433 Affordable Housing WV NA 0.00000 Fairfield Lynn LP 115 South 15th Street Suite 501 Richmond VA 23219 205044173 Affordable Housing VA Virginia Affordable Housing Management Inc 0.00000 Glen Mountain LP 115 South 15th Street Suite 501 Richmond VA 23219 541787067 Affordable Housing VA Virginia Affordable Housing Management Inc 0.00000 Berkley Court Apartments LP 115 South 15th Street Suite 501 Richmond VA 23219 383917081 Affordable Housing VA Virginia Affordable Housing Management Inc 0.00000 Pretlow-Old Town Apartments LP 115 South 15th Street Suite 501 Richmond VA 23219 901022809 Affordable Housing VA Virginia Affordable Housing Management Inc 0.00000 Wolf Creek Housing LP 115 South 15th Street Suite 501 Richmond VA 23219 541923390 Affordable Housing VA Virginia Affordable Housing Management Inc 0.00000 Cascade LP 115 South 15th Street Suite 501 Richmond VA 23219 311577179 Affordable Housing VA Virginia Affordable Housing Management Inc 0.00000 VCDC Equity Fund 26 LLC 115 South 15th Street Suite 501 Richmond VA 23219 874387783 Affordable Housing VA NA 0.00000 West Virginia Impact Fund III LLC 115 South 15th Street Suite 501 Richmond VA 23219 881058575 Affordable Housing WV NA 0.00000 VCDC Equity Fund 27 LLC 115 South 15th Street Suite 501 Richmond VA 23219 933414339 Affordable Housing VA NA 0.00000 VCDC Equity Fund 28 LLC 115 South 15th Street Suite 501 Richmond VA 23219 994407051 Affordable Housing VA NA 0.00000 Virginia Affordable Housing Management Inc 115 South 15th Street Suite 501 Richmond VA 23219 541919351 Affordable Housing VA VCDC C 1.00000 Virginia Housing Capital Corporation 115 South 15th Street Suite 501 Richmond VA 23219 161692022 Affordable Housing VA VCDC C 1.00000 Scenic States Capital Corporation 115 South 15th Street Suite 501 Richmond VA 23219 611395384 Affordable Housing VA VCDC C 1.00000 Woodrum Westview Pearisburg Management LLC 115 South 15th Street Suite 501 Richmond VA 23219 383890008 Affordable Housing VA VCDC C 0.50000 false false false true false false false false false false false true false true true false true false false Virginia Community Development Corporation Inc d 5544247 Actual Housing Capital Corporation d 272466 Actual Housing Capital Corporation m,n,o Actual Virginia Affordable Housing Management Inc d 5075 Actual Virginia Affordable Housing Management Inc m,n,o Actual Virginia Community Development Fund Inc m,n,o Actual Virginia Community Development Advisory Services LLC m,n,o Estimated Scenic States Community Development LLC m,n,o Estimated