Village Capital Corporation
Investing in the revitalization of northeast Ohio's underserved communities through commercial lending mainly in the city of cleveland and the development of minority contractors.
Village Capital Corporation at a glance
In short: Village Capital Corporation gave $250K across 3 grants in 2025 (avg $83K), mostly in Ohio. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $250,000
- +1150.0% vs 2024
- Grants made (2025)
- 3
- +200.0% vs 2024
- Average grant
- $83,333
- +316.7% vs 2024
- Median grant
- $100,000
- Total assets
- $23,698,729
- +0.5% vs 2024
- Primary geography
- Ohio (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Village Capital Corporation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Ryte 2 Development Corp LLC ($100K). Together the top 3 received $250K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 11 grants of 14 (79%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Village Capital Corporation gives
- Giving grew 117% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $10K (2020) to $250K (2025). In 2025 it made 3 grants totaling $250K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ryte 2 Development Corp LLC Twinsburg, OH | Black Women Owned Business Development | $100,000 |
| African Town Plaza Solon, OH | Emerging Developers Program | $100,000 |
| Cleveland Development Advisors Community Reinvestment Fund Cleveland, OH | General Support | $50,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $23,698,729 | $1,961,610 | $1,450,280 | $250,000 | 3 | $347,628 |
| 2024 | $23,572,478 | $1,504,042 | $1,159,423 | $20,000 | 1 | $490,039 |
| 2023 | $24,649,319 | $1,484,314 | $1,101,536 | $20,000 | 2 | $41,963 |
| 2022 | $24,042,217 | $2,325,742 | $1,080,129 | $115,138 | 8 | $2,122 |
| 2021 | $19,056,523 | $1,414,707 | $939,256 | $12,500 | Total only | $6,347 |
| 2020 | $18,755,232 | $939,895 | $931,607 | $10,000 | 1 | $71,348 |
| 2019 | $18,886,353 | $1,013,214 | $899,324 | — | — | $92,029 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Village Capital Corporation
Based on IRS filings
Village Capital Corporation is a public charity focused on Community Improvement & Capacity Building, based in Cleveland, OH. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $23.7M in total assets. In 2025, it awarded 3 grants totaling $250K. Net investment income was $348K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Village Capital Corporation is led by Dione Alexander, President on every filing since 2019; none of the 15 officers listed in 2025 report compensation.
Officers on the 2025 filing
Dione Alexander
President
On filings since 2019
40 hrs/week
No compensation reported
David Eddy
Chairman
Director → Chairman, 2023
On filings since 2020
1 hr/week
No compensation reported
Terry Coyne
Loan Committee Chairman
Director → Loan Committee Chairman, 2025
On filings since 2023
1 hr/week
No compensation reported
Peter Snavely Jr.
Director
On filings since 2021
1 hr/week
No compensation reported
Kandis Williams
Director
On filings since 2023
1 hr/week
No compensation reported
Kayleigh Musil
Director
On filings since 2023
1 hr/week
No compensation reported
Kyle Kolesar
Director
On filings since 2023
1 hr/week
No compensation reported
Morton D. Stanfield
Director
On filings since 2023
1 hr/week
No compensation reported
Sean Apicella
Director
On filings since 2023
1 hr/week
No compensation reported
Adam Stadler
Director
On filings since 2024
1 hr/week
No compensation reported
Joe Black
Director
New on the 2025 filing
1 hr/week
No compensation reported
Victor Barbalato
Director
New on the 2025 filing
1 hr/week
No compensation reported
Tania Menesse
Vice Chairman
Vice Chairman → Vice Chair, 2022
Vice Chair → Vice Chairman, 2023
On filings since 2021
3 hrs/week
No compensation reported
John Hairston III
Treasurer
Director → Treasurer, 2024
On filings since 2023
1 hr/week
No compensation reported
Melodie Sanders
Former CFO
Senior Vice President of Finance → CFO, 2024
CFO → Former CFO, 2025
On filings since 2023
4 hrs/week
No compensation reported
Former officers (21)
- Former: Yvette Ittu (2019–2024) — Director
- Former: Keisha Gonzalez (2021–2024) — Director
- Former: Dorothy Curtis (2019–2023) — Director
- Former: Emanuel Glover (2019–2023) — Treasurer
- Former: Gordon B Wean (2019–2023) — Director
- Former: Linda Warren (2019–2023) — Secretary
- Former: Deepa Vedavyas (2023) — Director
- Former: David Ebersole (2019–2022) — Director
- Former: Erskine Bevel (2019–2022) — Chief Financial Officer
- Former: Mark McDermott (2019–2022) — Director
- Former: Michael Shea (2019–2022) — Director
- Former: Nelson Beckford (2019–2022) — Director
- Former: Patricia Ramsey (2019–2022) — Secretary
- Former: William Dalman (2019–2022) — Chairman
- Former: Len Olsavsky (2020–2022) — Director
- Former: Danielle Sydnor (2021–2022) — Director
- Former: Joel Ratner (2019–2021) — Vice Chairman
- Former: Norm Bliss (2019–2020) — Director
- Former: Stephanie McHenry (2019–2020) — Chairman
- Former: Stephen Caviness (2019–2020) — Director
- Former: Michael J Taylor (2019) — Chairman
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Village Capital Corporation
How much does Village Capital Corporation give each year?
Village Capital Corporation gave $250K across 3 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $20K across 1 grant.
What is Village Capital Corporation's typical grant size?
Village Capital Corporation's median grant in 2025 was $100,000, and its average grant was $83,333, across 3 grants on its 2025 IRS Form 990.
Where does Village Capital Corporation give grants?
Village Capital Corporation gives mostly in Ohio: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there.
Does Village Capital Corporation give general operating support?
Yes: 33% of Village Capital Corporation's 2025 grants with a stated purpose (1 of 3) were for general or operating support, per its 2025 IRS Form 990.
How large is Village Capital Corporation?
Village Capital Corporation reported $23.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.0M.
What is Village Capital Corporation?
Village Capital Corporation is a public charity focused on Community Improvement & Capacity Building, based in Cleveland, OH. It holds $23.7M in total assets as of 2025.
What is Village Capital Corporation's EIN?
Village Capital Corporation's EIN (Employer Identification Number) is 34-1704488. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 3, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 14, 2025)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 11, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 13, 2022)
- IRS filings on file for fiscal years 2019–2024
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