VILLAGE CAPITAL CORPORATION
11327 SHAKER BOULEVARD NO 500W, CLEVELAND, OH 44104 http://N/A

Total Revenue
$2,713,795
Total Expenses
$1,254,947
Net Assets
$5,837,341

Organizations Filed Purposes: THROUGH THE POWER OF STRATEGIC PARTNERSHIPS, VILLAGE CAPITAL CORPORATION PROVIDES LOAN CAPITAL AND DEVELOPMENT SERVICES IN UNDERSERVED COMMUNITIES BY MAKING INNOVATIVE, CATALYTIC REAL ESTATE INVESTMENTS THAT STRENGTHEN NEIGHBORHOOD MARKETS IN NORTHEAST OHIO.

ZERO PERCENT LOANS TO OTHER 501(C)(3) ORGANIZATIONS FOR PREDEVELOPMENT OF REAL ESTATE PROJECTS THAT CARRY OUT THE ABOVE MISSION. ACCOMPLISHMENTS: VCC HAS PROVIDED $1.3 MILLION IN 0% PREDEVELOPMENT LOANS TO 501(C)(3) NON-PROFIT COMMUNITY DEVELOPMENT CORPORATIONS (CDCS). THESE FUNDS SUPPORT THE CDCS WITH EARLY-STAGE CAPITAL EXPENSES; E.G. ENVIRONMENTAL REPORTS, FEASIBILITY ANALYSES, CONCEPTUAL DRAWINGS, COST ASSESSMENTS, FINANCIAL FORECASTING, ETC. THE OUTSTANDING BALANCE ON THE 17 PROJECTS SUPPORTED WITH THESE DOLLARS TOTALS $180,001. THE CURRENT PROJECTS INCLUDE: RETAIL CONSTRUCTION AND RENOVATION, NEW HOUSING DEVELOPMENT, AND AN INNOVATIVE APPROACH TO PRESERVING SCATTERED SITE, LOW-INCOME HOUSING TAX CREDIT SINGLE FAMILY HOMES AT THE END OF THEIR 15-YEAR COMPLIANCE PERIOD. THIS PREDEVELOPMENT LOAN POOL HAS OFTEN SERVED AS THE PIPELINE OF FUTURE LOAN ACTIVITY FOR VCC.


Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

Name Title Hours Per Week Total Salary
JOEL RATNER VICE CHAIRMAN 3.00 $232,288
LINDA WARREN PRESIDENT 17.00 $165,768
BRIAN GEHMAN CFO 4.00 $118,485
KEN SILLIMAN DIRECTOR 1.00 $0
DOUGLAS WANG DIRECTOR 1.00 $0
JEFF PATTERSON DIRECTOR 1.00 $0
TERESA BEASLEY SECRETARY 1.00 $0
TERRY COYNE DIRECTOR 1.00 $0
EVERETT PREWITT DIRECTOR 1.00 $0
JOHN OSBERG DIRECTOR 1.00 $0
MICHAEL GRIFFIN DIRECTOR 1.00 $0
PAT RAMSEY DIRECTOR 1.00 $0
MARK MCDERMOTT DIRECTOR 1.00 $0
KEN MARBLESTONE CHAIRMAN 1.00 $0
MICHAEL TAYLOR DIRECTOR 1.00 $0
WILLIAM WHITNEY DIRECTOR 1.00 $0
STEPHANIE MCHENRY DIRECTOR 1.00 $0
WILLIAM DALMAN TREASURER 1.00 $0
ROBERT ECKARDT DIRECTOR 1.00 $0
GORDON WEAN DIRECTOR 1.00 $0
YVETTE ITTU DIRECTOR 1.00 $0

data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201501349349303945_public.xml



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