Public Charity

COMMUNITY VENTURES CORPORATION

COMMUNITY VENTURES CORPORATION, of LEXINGTON, KY, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $11.9M in revenue, $15.0M in expenses, $100.3M in total assets. 38 publicly reported grants to this organization, totaling roughly $8.5M, appear in IRS filings.

EIN: 311064807 LEXINGTON, KY Community Improvement & Capacity Building N.E.C. NTEE: S99 Latest filing: 2024
Total Revenue$11.9M
Total Expenses$15.0M
Total Assets$100.3M
Grant Records38
Funding Total$8.5M
Filing Years2019–2024

Mission

COMMUNITY VENTURES CORPORATION, INC.'S (CVC) CENTRAL MISSION IS TO PROVIDE INDIVIDUALS AND FAMILIES WITH THE SKILLS, INCOME, AND ASSETS THEY NEED TO ACHIEVE FINANCIAL INDEPENDENCE. CVC HELPS PEOPLE INCREASE INCOME AND BUILD ASSETS WITH THREE MAIN STRATEGIES: SMALL BUSINESS OWNERSHIP, HOME OWNERSHIP, AND JOB CREATION THROUGH BUSINESS EXPANSION.

Where $100 goes at Community Ventures Corporation

How Community Ventures Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$83 Programs the work itself
$14 Management running the organization
$3 Fundraising raising the next dollar

Inside the $83 for programs

$29
Providing lending assistance to low-income individuals seeking first time home ownership and low income business owners
36% of program spending
$24
Cvc assists families accompolish their dreams of purchasing homes, reducing debt, and increasing financial literacy through their ehome america platform
28% of program spending
$20
Community development and assistance in the acquisition and substantial rehabilitation of single-family homes for first-time buyers
24% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2024
STRENGTHENS COMMUNITIES BY HELPING PEOPLE ACHIEVE THEIR DREAMS OF GREATER ECONOMIC OPPORTUNITY.
$566,209
$443,917
2024
FUTHERANCE OF ORGANIZATION'S MISSION
$139,387
2024
1 grant(s) for varying purposes
$60,000
2024
FUND COMMUNITY ACCESSIBILITY PROJECTS
$50,250

Showing up to 5 of 38 total records — full history available with membership.

Officers & Directors

DIRECTOR Arthur Salomon
DIRECTOR Artie Ford
PRESIDENT DISASTER RECOVERY Brenda Weaver
CHIEF DEV. OFFICER Brian Hutchinson
DIRECTOR Charles Duke
PRESIDENT NMTC Daniel Heffernan

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$6,220,469 28 grants
Economic Development
$701,209 2 grants
Public Safety & Disaster Relief
$25,000 1 grant
Education
$10,000 1 grant
Training & Professional Development
$4,296 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $11.9M $15.0M $100.3M
2023 $22.2M $21.1M $86.0M
2022 $14.0M $13.3M $86.8M
2020 $12.2M $9.2M $81.4M
2019 $11.5M $14.6M $69.7M

Between 2019 and 2024, reported annual revenue grew from $11.5M to $11.9M (+4%), with total assets most recently reported at $100.3M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for COMMUNITY VENTURES CORPORATION

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