Nonprofit · EIN 90-0385655
VISIONS OF TRUTH COMMUNITY DEVELEPOMENT CORPORATION
Tax-exempt · PORTSMOUTH, VA 23703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $257,251 | $216,053 | $41,198 | $48,622 | $20,507 | $28,115 |
| December 31, 2023 | 990 | $148,255 | $192,185 | -$43,930 | $71,037 | $84,120 | -$13,083 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $236,476
- of which government grants
- $235,876
- Program service revenue
- $20,775
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,180
- Occupancy
- $781
- Depreciation
- $7,373
- Program services (functional)
- $201,628
- Management and general (functional)
- $14,425
Balance sheet and other
- Total assets, start of year
- $71,037
- Total assets, end of year
- $48,622
- Total liabilities, end of year
- $20,507
- Net assets, end of year
- $28,115
- Land, buildings and equipment
- $7,550
- Net assets without donor restrictions
- $28,115
- Gross receipts
- $257,251
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2009
- 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 |
|---|---|---|---|
| CALVIN BULLOCK | PRESIDENT Trustee or director, Officer | 4 | $0 |
| JOHNETTA VAUGHN | SECRETARY Trustee or director, Officer | 4 | $0 |
| MARGARET DEPENA | EXECUTIVE DIRECTOR Officer | 40 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CALVIN BULLOCK | PRESIDENT Trustee or director, Officer | 4 | $0 |
| JOHNETTA VAUGHN | SECRETARY Trustee or director, Officer | 4 | $0 |
| MARGARET DEPENA | EXECUTIVE DIRECTOR Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 5910 W NORFOLK RD, PORTSMOUTH, VA 23703-3327
- In care of
- % MARGARET DEPENA
- Principal officer (990 for 2024)
- MARGARET DEPENA, 5910 WEST NORFOLK ROAD, PORTSMOUTH, VA 23703
- Signed the 990
- MARGARET DEOEBA, EXECUTIVE DIRECTOR
- Phone
- (757) 967-9664
- Website
- WWW.VOTCDC.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
TO ASSIST LOW & MODERATE INCOME RESIDENTS OF PORTSMOUTH'S MARGINALIZED COMMUNITIES.
Program accomplishments
- TO EMPOWER FAMILIES AND INDIVIDUALS TO ACHIEVE SELF-SUFFICIENCY AND GREATER ECONOMIC MOBILITY BY CREATING A QUALITY OF LIFE SUSTAINED BY ECONOMIC INDEPENDENCE.Expenses $201,628 · revenue $20,775
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
- 90-0385655
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C20)
- Assets (IRS master file)
- $48,622
- Income (IRS master file)
- $257,251
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $257,251 | $216,053 | $48,622 | XML |
| 990 | December 2023 | $148,255 | $192,185 | $71,037 | XML |
| 990 | December 2022 | $248,577 | $184,255 | $78,206 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | 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 90-0385655).
Questions about VISIONS OF TRUTH COMMUNITY DEVELEPOMENT CORPORATION
- What is the EIN of VISIONS OF TRUTH COMMUNITY DEVELEPOMENT CORPORATION?
- The employer identification number (EIN) of VISIONS OF TRUTH COMMUNITY DEVELEPOMENT CORPORATION is 90-0385655.
- Is VISIONS OF TRUTH COMMUNITY DEVELEPOMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to VISIONS OF TRUTH COMMUNITY DEVELEPOMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VISIONS OF TRUTH COMMUNITY DEVELEPOMENT CORPORATION 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 VISIONS OF TRUTH COMMUNITY DEVELEPOMENT CORPORATION 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 VISIONS OF TRUTH COMMUNITY DEVELEPOMENT CORPORATION 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 VISIONS OF TRUTH COMMUNITY DEVELEPOMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names MARGARET DEPENA.
- Who are the officers and directors of VISIONS OF TRUTH COMMUNITY DEVELEPOMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does VISIONS OF TRUTH COMMUNITY DEVELEPOMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $257,251, expenses of $216,053 and total assets of $48,622 at year end.
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