Visionary Ventures NFP Corporation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
The general purpose for which the Visionary Ventures NFP Corporation is formed is to operate exclusively for such charitable and educational purposes as will qualify it as an exempt organization within the meaning of Section 501 c 3 of the code but not limited to fostering the creation and preservation of low income and mixed income housing, providing training and technical assistance in low income communities to help support job creation and economic growth in underserved areas, leveraging public and private investments for economic and community development, and making of distributions to exempt organizations qualified under that section or corresponding section fo any future federal tax code.
- Income
- $149,392
- Spending
- $76,286
- Spent on programs
- 100%
- Reserves
- 11.8 months of spending
- Largest source of income
- fees for its services, 82%
- Employees
- 0
- Volunteers
- 0
- Highest pay
- $69,350, executive director
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 78 out of 100. Higher than 81% of charities in its peer group (housing, under $250k).
Reserves
28 of 35Spendable reserves would cover 11.8 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 49% of income.
Income trend
0 of 15Income fell 31% on the year before.
Spending floor
15 of 15100% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 82 out of 100. Higher than 63% of charities in its peer group (housing, under $250k).
Independent board
25 of 255 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, 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 (4)
- $10,000 spent. Received a grant from Oweesta, who is the longest standing Native CDFI intermediary offering financial products an development services exclusively to Native communities. These grant funds help continue Visionary Ventures work to complete the construction of Jigzibik "At the River's Edge" the first affordable housing designed for our Chicago Urban Native community.
- $5,000 spent. Working with the Chicago American Indian Community Collaborative to work with other Native American organizations to help improve the lives of Native Americans living in the Chicagoland area. We are working on affordable housing, education and services for our community. Received a $5,000 grant.
- $5,000 spent. Visionary Ventures receive a donation in the amount of $5,000 and it helped cover the cost of the work involved to help close on the financing of Jigzibik. The first affordable housing development for the Chicago Native American community in Chicago's history. There were also expense for the ground blessing ceremony after closing.
- $56,286 spent. Received donations and developer fees to pay the day to day expenses for the Visionary Ventures.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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 October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on May 15, 2018 for not filing returns for three years, and reinstated on May 15, 2018.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
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 October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2018.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 November 4, 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.