Mission
To assist the city of Virginia Beach by partnering with the public and private sectors to provide quality affordable housing opportunities to low and moderate income people.
Public Charity
Virginia Beach Community Development Corporation
Virginia Beach Community Development Corporation, of Virginia Beach, VA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $8.0M in revenue, $9.0M in expenses, $32.9M in total assets. 10 publicly reported grants to this organization, totaling roughly $445K, appear in IRS filings.
EIN: 541378797
Virginia Beach, VA
Community & Neighborhood Development
NTEE: S20
Latest filing: 2025
Total Revenue$8.0M
Total Expenses$9.0M
Total Assets$32.9M
Grant Records10
Funding Total$445K
Filing Years2020–2025
Where $100 goes at Virginia Beach Community Development Corporation
How Virginia Beach Community Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$91
Programs
the work itself
$8
Management
running the organization
$1
Fundraising
raising the next dollar
Inside the $91 for programs
$91
Permanent rental housing funds include income and expenses directly associated with the rental of affordable low-income housing under Noah, Home, Housing First, Biznet, Atlantis Manor, Cape Henry, Ocean…
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
FINANCIAL ASSISTANCE
$300,000
Grants Awarded
$45,474
To provide financial assistance for utilities such as electricity, water/sewer and/or natural gas utility bills to needy individuals and veterans and help prevent these residents from returning to homelessness. The funding is expected to assist 30 households in need.
$10,000
To provide financial assistance for utilities such as electricity, water/sewer and or natural gas utility bills to needy individuals and veterans and help prevent these residents from returning to homelessness. The funding is expected to assist at least 20 households in need.
$7,000
GRANTS AWARDED
$39,301
Showing up to 5 of 10 total records — full history available with membership.
Officers & Directors
CEO January-May
Andrew Friedman
Director
Christopher Brown
Director until December
Courtney Lalonde
President/Chair
David Crain
Director as of June
Douglas Wilbourne
Vice President
Dr Audry Douglas-Cook
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $8.0M | $9.0M | $32.9M |
| 2024 | $7.1M | $8.3M | $34.0M |
| 2023 | $7.9M | $7.8M | $35.7M |
| 2021 | $8.7M | $7.3M | $35.9M |
| 2020 | $5.5M | $6.2M | $30.8M |
Between 2020 and 2025, reported annual revenue grew from $5.5M to $8.0M (+46%), with total assets most recently reported at $32.9M.
Interactive year-over-year charts and full filing details available with membership.