Community in Action!

aka VHCDC   |   SUFFOLK, VA   |


The community development mission of Virginia Housing and Community Development Corporation (VHCDC) is to educate and empower individuals, families and minority business owners to build wealth, access capital and credit, and achieve home ownership. VHCDC achieves this mission through a steady stream of wealth building initiatives, home ownership education and assistance, small business financing, and acquiring and rehabilitating distressed housing in targeted communities. VHCDC is a 501(c)3 tax-exempt Community Development Corporation (CDC), a U.S. Treasury Certified Community Development Entity (CDE) and recognized Non-Profit Community Developer (NCD).

Ruling year info



Mr. James R Taylor III

Main address

445 N. MAIN STREET #1574


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NTEE code info

Housing Rehabilitation (L25)

Housing Development, Construction, Management (L20)

Other Housing Support Services (L80)

IRS filing requirement

This organization is required to file an IRS Form 990-N.

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Programs and results

What we aim to solve

SOURCE: Self-reported by organization

We believe financial illiteracy to be a significant driver of poor health, homelessness, poverty, and neighborhood decay . Where there are individuals lacking even a basic understanding of the functions of capital and credit in our society, they are typically unable or grossly unprepared to become homeowners, invest their money, or even save it for an essential need. This is evidenced by their consistently low personal savings rate (2.2%), poor FICO scores (580 avg), and absence of any long-term investments (79% of those with incomes less than $30k).

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Investment Clubs

VHCDC promotes and promotes the creation of hybrid investment partnerships that may invest in stocks, bonds, and real estate, with emphasis on providing venture capital for small, disadvantaged businesses in their community.

Population(s) Served
Economically disadvantaged people

VHCDC’s First-Time Home Buyer Education Program (the Program) is our initiative to empower first-time home buyers and help prior homeowners get a second chance at owning a home or condo. VHCDC provides access to a dedicated team of professionals with the expertise and resources to move clients from renter to home owner. The program is especially helpful to individuals and families that are being negatively impacted by low credit ratings (FICO scores), or have lost a home due to foreclosure or a short-sale.

Population(s) Served
Economically disadvantaged people

The goal of the VHCDC Neighborhood Revitalization Initiative (NRI) is to reclaim neighborhoods blighted by deteriorating structures, abandoned properties, and dumping grounds and convert them into stable, vibrant communities with next-generation housing.

Our VHCDC NRI Team works directly with the neighborhood residents to assess their community needs and, in partnership with our investors, community impact team, and service providers work to improve the residential properties and infrastructure of those communities. We invite residents to accept this opportunity to realize the following rewards for their neighborhood:

Population(s) Served
Economically disadvantaged people
Homeless people

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

1. Educate and train 120 individuals (18+) annually on the mechanics of purchasing a home or condo;
2. Assist 20 individuals/families annually to purchase a home or condo;
3. Educate and train 60 individuals (18+) annually on the mechanics of investing (how to buy stocks and bonds);
4. Create 5 new investment clubs annually; and,
5. Acquire and rehabilitate up to 12 distressed properties annually.

1. Help Board (of Directors) members become fully active in and effective at fundraising;
2. Establish a publicly accessible facility to support our wealth building, home ownership, and neighborhood revitalization activities; and,
3. Raise $1 million to finance property acquisition and rehabilitation.

Our Board of Directors is comprised of eight volunteer members of varying professions and backgrounds who are actively involved in administering, promoting and supporting its activities. The Board leadership consists of:

James R Taylor, III – President, is a disabled-veteran of the U.S. Air Force. He is an accredited investor, with investments in real estate and technology ventures. James has worked in the private and public sector assisting and advising small businesses, managing business and economic development initiatives, supervising federal and state programs, and managing large budgets. James has an MBA in Finance and B.S. in Business Administration.

Katrina S. Taylor - Vice President, is an experienced procurement professional with 30+ years of progressive knowledge and experience working for state agencies and institutions of higher learning. Katrina held Virginia Construction Contracting Officer, Virginia Contracting Officer, and Certified Public Professional Buyer certifications. Katrina has a B.S. in Business Management and an A.S. Science in Interior Design

Ariel K. Heard - Secretary, is Auto Service Supervisor with Government Employees Insurance Company (GEICO), the second largest auto insurer in America – based in Chevy Chase, Maryland – where since 2013 she has held ever-increasing positions of responsibility. Currently, she trains supervisors on department processes and best practices and leads daily sessions to achieve top performance and stabilize and improve morale.

James A. Young, Sr. - Treasurer, is founder and managing member of JYE Financial and Accounting Solutions, LLC. Formerly a Senior Accountant at Capital Group, among the world's oldest and largest investment management organizations, he began his accounting career with Arthur Andersen LLP in New York City before joining Strickland & Jones, PC in Norfolk, Virginia. Through his own firm, Mr. Young helps small businesses, individuals, and non-profits with their tax and accounting issues, including providing auditing and other attestation services. James is a U.S. Navy veteran, who volunteers with several nonprofit organizations i

Other members of the Board of Directors include Michael L. Baldwin, Danielle Flipping, Desiree Purvis, Kathleen M White, and Tee Williams.

VHCDC has a long history of educating and training members of its target community – low- to moderate-income individuals and small, disadvantaged business owners. The organization debuted in 2005 with a series of workshops aimed at educating renters on their rights and obligations as tenants and facilitated numerous workshops and conferences for small business owners on myriad business topics, including financing, marketing, human resources, operations, insurance, accounting, technology, and legal matters. It provided counseling to startups in various industries and provided micro-equity capital and in-kind services to assist those businesses to launch, grow and expand.

In 2012, in consultation with its Board of Advisors, the Board of Directors revised its programs and services and refined VHCDC’s mission to focus on wealth building, creating home ownership, neighborhood revitalization, and micro business enterprise development. This has resulted thus far in the creation of five (5) investment clubs, graduation of 525 first-time home buyers (35 homes purchased), two (2) property acquisitions (one completely rehabilitated), and assisting 48 small, disadvantaged business owners secure more than $3 million in financing.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We demonstrated a willingness to learn more by reviewing resources about feedback practice.
done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects

  • Which of the following feedback practices does your organization routinely carry out?

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback



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The people, governance practices, and partners that make the organization tick.


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Connect with nonprofit leaders


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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
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Board of directors
as of 03/30/2022
SOURCE: Self-reported by organization
Board chair

Mr. James Taylor

James R Taylor

Virginia Housing and Community Development Corporation

Katrina S Taylor

Commonwealth of Virginia, VCO, VCCO (Retired)

Ariel K Heard


Michael L. Baldwin


S. Tee Williams

Vertical Real Estate, LLC

James A Young, Sr.

Capital Group

Kathleen M White

WB Waste Solutions

Desiree Purvis

Purvis Network, Inc.

Danielle Flipping

Norfolk State University

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 3/30/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.


The organization's leader identifies as:

Race & ethnicity
Black/African American
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or straight
Disability status
Person with a disability

Race & ethnicity

Gender identity


Sexual orientation


We do not display disability information for organizations with fewer than 15 staff.