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Community Ventures Corporation
Community Ventures Corporation reported $11.9 million in revenue and $15.0 million in expenses for calendar year 2024. Of every $100 it spent, $82.77 went to program services, $14.11 to management and general costs and $3.12 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 54.0% of the total. Government grants made up 40.4%. The highest compensation it reported for one person was $286,792 (PRESIDENT & CEO). 14 people received more than $100,000 in reportable compensation. Revenue rose 4% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $15MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 82.8% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.1% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.1% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.09 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 41.8% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 40.4% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 54.0% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $286,792 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.91% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 14 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 26.6 | 9.2 |
| Independent voting board members Part VI 1a–1b | 17 of 17 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseProviding lending assistance to low-income individuals seeking first time home ownership and low income business owners. Advantages of cvc's lending programs over conventional financing include: low down payments, fixed interest rates, long terms, low interest rates, and the ability for loan fees to be financed in the loan. Examples of programs operated to facilitate lending assistance are; 1) department of treasury (community development financial institutions funds) - provides assistance to strengthen and expand community development to low-income individuals 2) the community housing…
Community development and assistance in the acquisition and substantial rehabilitation of single-family homes for first-time buyers. Cvc has a longstanding commitment to kentucky's neighborhoods and the organization is constantly exploring opportunities to address the complex challenges faced by kentucky's communities. Cvc addresses the challenges through developing projects in underserved areas, constructing single-family homes for first- time home buyers, and assisting in financing and supporting projects in rural areas
Cvc assists families accompolish their dreams of purchasing homes, reducing debt, and increasing financial literacy through their ehome america platform. Ehome america is an online financial education platform that offers affordable financial education to customers across the globe. The courses are offered on demand at the customers convenience. The platform offers eduction in the following areas: 1) homebuyer education - comprehensive 8 hour online homebuyer course that is offered in english and spansish and sanctioned by hud and usda 2.) money management - a 2-3 hour course with a…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 40.00 hrs/week | $245,371 | $0 | $41,421 | $286,792 |
| PRESIDENT - EHOME Officer, 40.00 hrs/week | $164,255 | $0 | $19,696 | $183,951 |
| PRESIDENT DISASTER RECOVERY Officer, 40.00 hrs/week | $164,151 | $0 | $16,255 | $180,406 |
| PRESIDENT MPACT PRO Officer, 40.00 hrs/week | $135,755 | $0 | $35,708 | $171,463 |
| CFO Officer, 40.00 hrs/week | $132,055 | $0 | $35,084 | $167,139 |
| PRES EVERYTHING EQUITY Officer, 40.00 hrs/week | $130,555 | $0 | $23,588 | $154,143 |
| CHIEF DEV. OFFICER Officer, 40.00 hrs/week | $136,655 | $0 | $16,350 | $153,005 |
| PRESIDENT NMTC Officer, 40.00 hrs/week | $125,755 | $0 | $18,664 | $144,419 |
14 people received more than $100,000 in reportable compensation from Community Ventures Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.7M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 17 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 561
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| MITCHELL CONSTRUCTION MANAGEMENT Construction | $2,167,754 |
| STITES AND HARBISON LLC Legal | $490,107 |
| NATIONAL CONTRACTING SERVICES Construction | $156,495 |
| YARD GROUP LLC Project mgmt | $153,181 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Community Ventures Corporation totaling $500K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Community Ventures Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Community Ventures Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Community Ventures Corporation spent in 2024, $82.77 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- I Car Education FoundationHoffman Estates, IL · revenue $12M · programs 91.3% · 2025
- The Greenlining InstituteOakland, CA · revenue $12M · programs 69.4% · 2024
- Heartland ForwardBentonville, AR · revenue $12M · programs 66.7% · 2024
- Coalfield Community Action PartnershipWilliamson, WV · revenue $12M · programs 92.3% · FY2025
- Black River Area Development CorpPocahontas, AR · revenue $12M · programs 93.5% · FY2025
All community improvement & capacity building charities · Largest charities in Kentucky
Questions people ask
How much of Community Ventures Corporation's spending goes to programs?
In calendar year 2024, Community Ventures Corporation reported that 82.8% of its $15.0 million in expenses went to program services, 14.1% to management and general and 3.1% to fundraising (Form 990, Part IX).
How much does Community Ventures Corporation pay its top executive?
The largest total compensation Community Ventures Corporation reported for one person in calendar year 2024 was $286,792, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Community Ventures Corporation get its money?
Of $11.9 million in revenue in calendar year 2024, 41.8% came from contributions and grants (including 40.4% from government grants) and 54.0% from program service revenue (Form 990, Part VIII).
Is Community Ventures Corporation a registered charity?
The IRS lists EIN 31-1064807 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533219349303063 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423209349307547 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323199349300832 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213199349311761 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133169349302273 · read the filing
- 2019: Form 990 for calendar year 2019, object 202003219349310695 · read the filing
All filings for EIN 31-1064807: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.