2025-11-17T13:39:46-08:00 2024-12-31 541950231 DOOLEY & VICARS CERTIFIED PUBLIC 1100 BOULDERS PARKWAY NORTH CHESTERFIELD VA 23225 990 2024-01-01 541914519 Virginia Community Development Fund Inc VIRG 8043431200 115 South 15th Street Richmond VA 23219 Russ Parrish CFO 8043431200 2025-11-17 true true Thomas E Turner CPA P01275584 8043552808 2025-11-17 2024 2025-03-06 01:10:19Z Chris Sterling 115 South 15th Street Richmond VA 23219 2374234 false X N/A X 1996 VA VCDF provides alternative financing and technical assistance to real estate developers engaged in the creation or preservation of affordable housing, community development, and economic development projects throughout our service areas of Virginia and West Virginia. 7 7 0 0 0 0 4994605 1131675 430256 826957 150870 415602 0 5575731 2374234 0 0 242570 261367 0 0 864057 1210847 1106627 1472214 4469104 902020 13782493 15822893 1191372 2329763 12591121 13493130 VCDF provides alternative financing and technical assistance to real estate developers engaged in the creation or preservation of affordable housing, community development, and economic development projects throughout our service areas of Virginia and West Virginia. false false 1319095 0 826957 VCDF is a subsidiary of VCDC, which invests equity into community development project with a focus on affordable housing. VCDF is a certified Community Development Financial Institution (CDFI) and applies its focus to other tools to assist in the development of these projects, primarily through affordable loans to Low Income Housing Tax Credit projects and through economic development loans in low income communities. In addition, VCDF offers a technical assistance program to its partners and borrowers. VCDF is also a Certified Development Entity (CDE) and thereby can apply to the US Treasurys New Market Tax Credit program (NMTC) for allocation of credits for investment in economic development projects. VCDF received its second allocation of NMTCs in the 2018 2018 round for $35,000,000 , and those NMTCs have been fully deployed. VCDF will continue to apply for new rounds of NMTCs and intends to continue to invest in community facilities as well as mixed-use projects. 1319095 true false false false false true false false false false false false false true false false true true false false false false false false false false false false false true false false false false false false false false false false false false true true true false false false true 9 0 true 0 false false false false false false false false false false false false false X 7 7 false false false false false true false true true false false true true true true true true true true true true VA X X Russ Parrish 8044825387 15 South 15th Street Suite 501 Richmond VA 23219 John PSalop President 1.00 X X 0 0 0 Robert Newman Treasurer 2.00 X 0 221913 41179 Neil Amin Board Member 1.00 X 0 0 0 Karen Wilds Vice President 1.00 X X 0 0 0 Laura Dupuy Secretary 38.00 X 0 115000 19224 Andy Kegley Board Member 1.00 X 0 0 0 Philip Stetson Board Member 1.00 X 0 0 0 Karen Jacobson Board Member 1.00 X 0 0 0 Philip Brooks Board Member 1.00 X 0 0 0 Junior Burr Board Member 1.00 X 0 0 0 0 336913 60403 false true false Ariel Ventures LLC 1163 East 40th Street 201 Cleveland OH 44114 Professional Fees 151600 1 1131675 1131675 Asset Management Fees 531390 372424 0 0 Other Income 531390 338959 0 0 NMTC Fee Revenue 531390 75774 0 0 Loan Fees 531390 39800 0 0 826957 415602 0 0 2374234 1242559 0 0 261367 235230 26137 0 217 0 217 0 33295 0 33295 0 185948 185948 0 0 Professional Fees 738200 738200 0 0 Debt Forgivness 75000 75000 0 0 Bad Debt 84717 84717 0 0 Other 93470 0 93470 0 1472214 1319095 153119 0 7156058 4350772 55182 810479 6556889 10656879 3236 11128 4763 13782493 15822893 87785 76176 1103587 2253587 1191372 2329763 X 2840227 3313184 9750894 10179946 12591121 13493130 13782493 15822893 902020 -11 X false true X true true true X 0 450000 4375000 375000 4994605 1131675 11326280 0 0 450000 4375000 375000 4994605 1131675 11326280 0 11326280 9381 30377 74462 150870 415602 680692 0 724444 322939 870724 430256 826957 3175320 15182292 0.74600 0.80540 X 0 0 0 Pt II Ln 10 Other Income Part II, Line 10 Description: Program Service 2020: 724444. 2021: 322939. 2022: 870724. 2023: 430256. 2024: 826957. true true Accrued Interest 1274 Investment in Partnerships 3489 4763 2374234 2374234 2374234 1472214 1472214 1472214 false false false false false false false false false Robert Newman 0 221913 0 0 0 0 0 22400 0 18779 0 263092 0 0 Pt VI, Line 11b The President and Treasurer approve the 990 before it Pt VI, Line 11b is submitted. Pt VI, Line 12c The parent corporation (VCDC) has a conflict of interest and whistle-blower policy, which also applies to VCDF. Pt VI, Line 15a The Secretary and Treasurer of VCDF were full-time staff of an affiliate, Virginia Community Development Corporation (VCDC). VCDC commissioned a comprehensive compensation (salary and benefits) survey in 2021 to assess the market for comparable compensation for all staff. In addition, VCDC obtains salary and broad benefit comparables through its membership in the National Association of State and Local Equity Funds. The VCDC CEO determines compensation for these positions using this information as reference. Pt VI, Line 15b The Secretary and Treasurer of VCDF were full-time staff of VCDC that were shared with VCDF and other affiliates. The compensation reported in this return is for the full-time salary and benefits, not for the portion of compensation allocated to VCDF. Pt VI, Line 7a VCDC appoints the Board Members. VCDF Manager Inc 1840 W Broad Street RICHMOND VA 23220 271408838 Support Related Organizations Virginia Community Development Corp 1840 W Broad Street Richmond VA 23220 541533426 Affordable Housing VA 501 (c)3 NA VCDF Community Development 4 LLC 1840 West Broad St Richmond VA 23220 271409202 Community Development VA NA REL 0.00000 VCDF Community Development 5 LLC 1840 West Broad St Richmond VA 23220 271409246 Community Development VA NA REL 0.00000 VCDF Community Development 6 LLC 1840 West Broad St Richmond VA 23220 271409297 Community Development VA NA REL 0.00000 VCDF Community Development 7 LLC 1840 West Broad St Richmond VA 23220 271409427 Community Development VA NA REL 0.00000 VCDF Community Development 8 LLC 1840 West Broad St Richmond VA 23220 271409387 Community Development VA NA REL 0.00000 VCDF Community Development 9 LLC 1840 West Broad St Richmond VA 23220 271409484 Community Development VA NA REL 0.00000 VCDF Community Development 10 LLC 1840 West Broad St Richmond VA 23220 171409529 Community Development VA NA REL 0.00000 false false false false false false false false false false false true true true true true false false false Virginia Community Development Corp n 5544247 Actual Virginia Community Development Corp m,n,l Actual VCDF Community Development 4 LLC n Actual VCDF Community Development 5 LLC n Actual VCDF Community Development 6 LLC n Actual VCDF Community Development 7 LLC n Actual VCDF Community Development 8 LLC n Actual VCDF Community Development 9 LLC n Actual VCDF Community Development 10 LLC n Actual