VIRGINIA COMMUNITY CAPITAL INC

CHRISTIANSBURG, VA | Montgomery County
Community Services

Overview

VIRGINIA COMMUNITY CAPITAL INC
54-1754009
110 PEPPERS FRY RD NW
CHRISTIANSBURG, VA 24073
Montgomery County
(540) 260-3126

Mission Statement info

OUR MISSION IS TO OFFER INNOVATIVE, FLEXIBLE FINANCIAL PRODUCTS DESIGNED TO SUPPORT HOUSING AND COMMUNITY DEVELOPMENT VENTURES, INCREASE JOBS AND BUILD SUSTAINABLE COMMUNITIES. VCC OFFERS LOAN CAPITAL THAT IS BROADER THAN BANK LENDING TO PROJECTS THAT HAVE A POSITIVE IMPACT IN LOW- TO MODERATE-INCOME COMMUNITIES IN UNDERSERVED GEOGRAPHIES AND MARKETS.

Founded info
1995
Total Employees info
73
Total Volunteers info
0
CRA Category info
  • Community Services
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
  • NMTC Recipient
Nonprofit Classification (NTEE Code) info
S40

S - Community Improvement, Capacity Building

Business & Industry

Organizations that provide technical assistance, loans, loan guarantees and other forms of assistance to support the development and growth of a wide variety of business establishments in the community.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813910
Business Associations

CRA Alignment

CRA Category info
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
3/31/2014
Native American CDFI info
N
Financial Institution Type info
Bank Holding Company
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2019
$4,000,000
Capital Magnet Fund
2019
$950,000
Healthy Food Financial Initiative Financial Assistance
2018
$1,000,000
Healthy Food Financial Initiative Financial Assistance
New Market Tax Credit Recipient info
Most Recent NMTC Award info
2008

$15,000,000
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$8.1M
Revenue
$8.1M
Assets
$77.1M
Exempt Ruling Date info
1999-12
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
110 PEPPERS FRY RD NW
CHRISTIANSBURG, VA 24073
Montgomery County
FIPS Geocoded Address info
13980
MSA/CBSA info
51
State info
121
County info
0211.00
Tract info
Upper
Income Level info
Core-Based Statistical Area info
Blacksburg-Christiansburg, VA
Combined Statistical Area info
Not located in a CSA.
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 17.1%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0211.00 Montgomery County
Population
Total Population 7,586 98,140
Total Households 3,148 35,685
Income
Median Family Income (Census*) $78,813 $57,977
Median Family Income (2019 FFIEC) $65,700 N/A
Tract Income Percentage 129.26% N/A
Below Poverty Level 8.3% 23.5%
Unemployment Level 3.5% 4.1%
Housing
Total Housing Units 3,394 40,264
Total Owner-Occupied Units 65.7% 55.4%
Total Renter-Occupied Units 27.1% 44.6%
Total Vacant Units 7.2% 5.9%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

10
Total Voting Members
in Governing Body
info
9
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Clyde A Cornett Jr.
CFO
(540) 260-3126
Principal Officer info
Jane Henderson
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.