Nonprofit · EIN 54-1594102
HOUSING CAPITAL CORPORATION OF VIRGINIA
Tax-exempt · RICHMOND, VA 23219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,300,896 | $1,482,671 | -$181,775 | $1,673,558 | $589,188 | $1,084,370 |
| December 31, 2023 | 990 | $1,253,075 | $1,706,249 | -$453,174 | $1,346,104 | $79,959 | $1,266,145 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,271,890
- Investment income
- $29,006
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $472,490
- Salaries, compensation and benefits (total)
- $594,233
- Professional fundraising fees
- $0
- Occupancy
- $47,155
- Travel
- $46,251
- Program services (functional)
- $1,395,749
- Management and general (functional)
- $86,922
Balance sheet and other
- Total assets, start of year
- $1,346,104
- Total assets, end of year
- $1,673,558
- Total liabilities, end of year
- $589,188
- Net assets, end of year
- $1,084,370
- Net assets without donor restrictions
- $1,084,370
- Gross receipts
- $1,300,896
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1991
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Robert L Newman | President Trustee or director, Officer | 4 | $0 | $221,913 | $41,179 |
| Chris Sterling | Vice-President Trustee or director, Officer | 4 | $0 | $170,900 | $43,227 |
| Russell V Parrish | Treasurer Trustee or director, Officer | 4 | $0 | $142,164 | $46,764 |
| Bernard Rogers | Secretary Trustee or director, Officer | 4 | $0 | $134,924 | $42,201 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Robert L Newman | President Trustee or director, Officer | 4 | $0 | $232,781 | $52,191 |
| Chris Sterling | Vice-President Trustee or director, Officer | 4 | $0 | $163,555 | $40,612 |
| Russell V Parrish | Treasurer Trustee or director, Officer | 4 | $0 | $139,170 | $45,537 |
| Bernard Rogers | Secretary Trustee or director, Officer | 4 | $0 | $131,356 | $39,491 |
Address and contacts
- Address (IRS master file)
- 115 SOUTH 15TH STREET, RICHMOND, VA 23219-4252
- In care of
- % VIRGINIA HOUSING CENTER
- Principal officer (990 for 2024)
- Chris Sterling, 115 South 15th Street Suite 501, Richmond, VA 23219
- Signed the 990
- Russ Parrish, CFO
- Phone
- (804) 343-1200
- Return prepared by
- DOOLEY & VICARS CERTIFIED PUBLIC
Mission
Provide Affordable Housing for low income persons.
Program accomplishments
- Housing Capital Corporation of Virginia manages affordable housing projects throughout the Commonwealth of Virginia and parts of Kentucky and West Virginia. HCCVs mission is to make affordable housing available for persons in need.Expenses $1,395,749 · revenue $1,271,890
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1594102
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,673,558
- Income (IRS master file)
- $1,300,896
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,300,896 | $1,482,671 | $1,673,558 | IRS |
| 990 | December 2023 | $1,253,075 | $1,706,249 | $1,346,104 | XML |
| 990 | December 2022 | $1,157,278 | $1,183,061 | $1,774,842 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1594102).
Questions about HOUSING CAPITAL CORPORATION OF VIRGINIA
- What is the EIN of HOUSING CAPITAL CORPORATION OF VIRGINIA?
- The employer identification number (EIN) of HOUSING CAPITAL CORPORATION OF VIRGINIA is 54-1594102.
- Is HOUSING CAPITAL CORPORATION OF VIRGINIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to HOUSING CAPITAL CORPORATION OF VIRGINIA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does HOUSING CAPITAL CORPORATION OF VIRGINIA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOUSING CAPITAL CORPORATION OF VIRGINIA due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOUSING CAPITAL CORPORATION OF VIRGINIA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HOUSING CAPITAL CORPORATION OF VIRGINIA?
- The 990 for the year ended December 31, 2024 names Chris Sterling.
- Who are the officers and directors of HOUSING CAPITAL CORPORATION OF VIRGINIA?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does HOUSING CAPITAL CORPORATION OF VIRGINIA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,300,896, expenses of $1,482,671 and total assets of $1,673,558 at year end.
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