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Virginia Housing and Community Development Corporation

EIN 20-0779486 · Suffolk, VA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair65 out of 100GovernanceWeak49 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE COMMUNITY DEVELOPMENT MISSION OF VIRGINIA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION vchdc IS TO EDUCATE AND EMPOWER INDIVIDUALS, FAMILIES AND MINORITY BUSINESS OWNERS TO BUILD WEALTH, ACCESS CAPITAL AND CREDIT, AND ACHIEVE HOME OWNERSHIP. VHCDC ACHIEVES THIS MISSION THROUGH A STEADY STREAM OF WEALTH BUILDING INITIATIVES, HOME OWNERSHIP EDUCATION AND ASSISTANCE, SMALL BUSINESS FINANCINGS AND ACQUIRING AND REHABILITATING DISTRESSED HOUSING IN TARGETED COMMUNITIES

Income
$375,069
Spending
$168,924
Spent on programs
85%
Reserves
0.7 months of spending
Largest source of income
investment income, 63%
Employees
7

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 65 out of 100. Higher than 63% of charities in its peer group (housing, $250k to $1m).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.7 months of spending.

  • Debt

    16 of 20

    It owes 25% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 55% of income.

  • Income trend

    15 of 15

    Income rose 192% on the year before.

  • Spending floor

    15 of 15

    85% of spending went to programs and raising each dollar of donations cost 11 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 49 out of 100. Higher than 9% of charities in its peer group (housing, $250k to $1m).

  • Independent board

    25 of 25

    6 of 8 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    0 of 5

    Reports that it does not keep minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    12 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $143,448 spent. THE COMMUNITY DEVELOPMENT MISSION OF VIRGINIA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION VHCDC IS TO EDUCATE AND EMPOWER INDIVIDUALS FAMILIES AND MINORITY BUSINESS OWNERS TO BUILD WEALTH ACCESS CAPITAL AND CREDIT AND ACHIEVE HOME OWNERSHIP

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 2004.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.