VIRGINIA COMMUNITY DEVELOPMENT CORP
1840 W Broad Street, Richmond, VA 23220 www.vacdc.org

Total Revenue
$2,968,215
Total Expenses
$2,575,791
Net Assets
$5,408,618

Organizations Filed Purposes: Affordable Housing

In 2019 VCDC closed 15 projects across Virginia and adjacent states and raised more than $51,268,000 in new investments. VCDC is active in the underwriting of these investments and in monitoring the performance of a stabilized portfolio of 145 properties through hands-on asset management. VCDC assists developers with predevelopment planning, arranging financing, construction management, and compliance. VCDC also assists community-based nonprofits develop capacity through various technical assistance activities and organizational development programs.

Executives Listed on Filing

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

NameTitleHours Per WeekTotal Salary
Robert L NewmanPresident & CEO30$160,941
Jeff MeyerDirector of Project Development40$136,865
Chris SterlingChief Development Officer30$98,885
Cindy WilliamsTreasurer/Chief Financial Officer40$95,000
Arild TrentSecretary30$90,000
John P SalopBoard Member1$0
John C Purnell JrBoard Member1$0
Earlene PowellBoard Member1$0
Monica JeffersonBoard Member1$0
Todd ChristensenBoard Member1$0
Sara Redding WilsonBoard Member1$0
Robert B BurnsBoard Member1$0
Philip BrooksBoard Member1$0
K David Boyer JrBoard Member1$0
Neil AminBoard Member1$0
Thomas F CherryBoard Vice Chair1$0
Karen R WildsBoard Chair1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202033189349304398_public.xml