Visionary Ventures Nfp Corporation

Nonprofit profile at a glance

EIN
473190700
IRS 990 coverage
2024–2025
Forms available
Form 990 2025, Form 990-EZ 2023, Form 990-N 2021
Location
Itasca, IL, USA
Phone
3122861737
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$149,392
Expenses
$76,286
Assets
$74,915
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Shelly Tucciarelli (Executive Director)

Highest reported compensation

  • Shelly Tucciarelli (Executive Director): $69,350 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The general purpose for which the Visionary Ventures NFP Corporation is formed is to operate exclusively for such charitable and educational purposes as will qualify it as an exempt organization within the meaning of Section 501 c 3 of the code but not limited to fostering the creation and preservation of low income and mixed income housing, providing training and technical assistance in low income communities to help support job creation and economic growth in underserved areas, leveraging public and private investments for economic and community development, and making of distributions to exempt organizations qualified under that section or corresponding section fo any future federal tax code.

What it reported doing in 2025

Received a grant from Oweesta, who is the longest standing Native CDFI intermediary offering financial products an development services exclusively to Native communities. These grant funds help continue Visionary Ventures work to complete the construction of Jigzibik "At the River's Edge" the first affordable housing designed for our Chicago Urban Native community.

Operating model

Revenue model
Other-operating. 82% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 84
  • Accountability: 79
  • Sustainability: 63
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 51.1%; rating input score 51
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 10th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 48.9%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 0.98; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 90.9%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -96.7% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: 23.5% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 24.9% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 51.1% of revenue deployed · 100% of spending went to programs
  • Governance: 5 of 5 board members independent · 4 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $76K in reported program spending
  • Leadership: top reported pay $69K · 6 people listed
  • Consistency: 13 of 14 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 51/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.