Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2021.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
99 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
4 people listed on the 990; $147K paid to officers and key staff.
Frank Alexander’s $95K as Chair and Executive Director is at the 69th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 5 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Frank S Alexander | — | $121,013 | $134,626 | $130,577 |
| Frank Alexander | $95,183 | — | — | — |
| Josiah Watts | $19,415 | — | — | $770 |
| Kim Graziani | $8,838 | — | — | $13,465 |
| Stephanie Earl | $4,800 | $3,310 | $1,800 | $2,521 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Develops and implements strategies for neighborhood stabilization and affordable housing.
Questions for Vulnerable Communities Initiative INC
Your first name shows with your question. Vulnerable Communities Initiative INC answers here, for everyone.
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The purpose of the corporation is to provide services to vulnerable communities including but not limited to the development and implementation of efficient, effective, and equitable strategies to support neighborhood and community stabilization, and affordable housing.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $164 | $18K |
| Total assetsLn 16 | $164 | $29K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $164 | $29K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other fees for servicesLn 11g | $148K | $148K | ||
| Office expensesLn 13 | $731 | $731 | ||
| InsuranceLn 23 | $901 | $901 | ||
| Total functional expensesLn 25 | $150K | $148K | $2K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $144K | $33K | 990 PDF | ||
| FY2024 | $147K | $33K | 990 PDF | ||
| FY2023 | $166K | $30K | 990 PDF | ||
| FY2022 Viewing | $179K | $150K | $29K | $29K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $178,701 revenue, 12 lines filed
Part VI · Governance 2 of 2 board members independent, no flags
Part VIII · Statement of revenue $178,701 across 4 lines filed
Part IX · Statement of functional expenses $149,635 across 3 lines filed
Part X · Balance sheet $29,230 assets, 7 lines filed
Part XI · Reconciliation of net assets $29,230 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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