TRANSFORMATION VENTURE CAPITAL
3009 RIVER LANE, NEW BERN, NC 28562

Total Revenue
$412
Total Expenses
$70,635
Net Assets
$-70,223

Organizations Filed Purposes: TO DEVELOP, ACQUIRE, REHABILITATE, CONSTRUCT, OPERATE AND MAINTAIN DECENT AND AFFORDABLE PUBLIC HOUSING FOR LOW INCOME FAMILIES AND THE ELDERLY IN NEW BERN, NORTH CAROLINA AND ASSOCIATED REGIONS

MIXED INCOME AND/OR MIXED USE DEVELOPMENT - IN AN EFFORT TO PROMOTE ECONOMIC INTEGRATION, PROVIDE HOUSING OFFERING A MIX OF BELOW MARKET RATE UNITS TO LOW INCOME OCCUPANTS AND MARKET RATE UNITS TO OCCUPANTS WHO ARE NOT OF LOW INCOME. IN AN EFFORT TO IMPROVE THE ECONOMIC CONDITIONS AND OPPORTUNITIES IN THE COMMUNITY, PARTICIPATE IN MIXED USE PROJECTS TO BLEND RESIDENTIAL AND COMMERCIAL USES OF PROPERTY.

COMMUNITY REVITALIZATION - IMPROVE THE CONDITIONS OF ECONOMICALLY AND PHYSICALLY BLIGHTED COMMUNITIES BY ATTEMPTING TO TRANSFORM DISTRESSED NEIGHBORHOODS INTO DECENT COMMUNITIES OFFERING A SAFE ENVIRONMENT FOR LIVING AND WORKING. FOR AFFORDABLE HOUSING TO BE THE MOST EFFECTIVE, IT SHOULD BE COMBINED WITH COMMUNITY REVITALIZATION.

SOCIAL PROGRAMS - ASSIST LOW INCOME RESIDENTS IN ACHIEVING ECONOMIC INDEPENDENCE THROUGH EDUCATION, HOME OWNERSHIP COUNSELING, AND OTHER SUPPORT SERVICES.

Executives Listed on Filing

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

NameTitleHours Per WeekTotal Salary
William B PopeDIRECTOR1$0
Peter T MonteDIRECTOR1$0
Allen M HardisonDIRECTOR1$0
Cresswell ElmoreDIRECTOR1$0
James F BoydDIRECTOR1$0
William A Frederick JrTREASURER/DIRECTOR1$0
Charles H Ashford Jr MdSECRETARY/DIRECTOR1$0
Alexander S Badger JrVICE PRESIDENT/DIRECTOR1$0
Etteinne B MitchellPRESIDENT/DIRECTOR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201511679349300711_public.xml