VietAID

What VietAID does

VietAID (Vietnamese American Initiative for Development, Inc.) is a 501(c)(3) nonprofit community development corporation founded in 1994 and headquartered in Dorchester, Massachusetts, where it serves the Vietnamese-American community of Fields Corner. The organization operates a portfolio of integrated programs spanning affordable housing development and management (123 units across 1460 House, Faulkner Street, Bloomfield Gardens, 1392 Dorchester Ave, and Upper Washington Apartments, with a 33-unit Hollins Park pipeline), the Âu Cơ Vietnamese bilingual preschool (the first and only of its kind in Massachusetts), the VSPY after-school and summer youth program, the VALA high-school leadership program, senior day programming acquired from Kit Clark in 2018, housing counseling and foreclosure prevention, and community outreach and cultural-preservation activities including Tết, the Dorchester Day Parade, and the VATV weekly television program. All services are anchored at the 18,000 sq ft Vietnamese American Community Center (VACC), which also houses more than 20 partner organizations such as VACA, Greater Boston Legal Services, Fields Corner Main Street, and the Boston Police C11 district.

Name

VietAID

Legal name

Vietnamese American Initiative for Development Inc.

Website

https://vietaid.org

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

VietAID is a 501(c)(3) nonprofit community development corporation founded in 1994 that operates affordable housing, a Vietnamese bilingual preschool, youth and senior programs, and housing counseling for the Vietnamese-American community of Fields Corner, Dorchester, Massachusetts, from the 18,000 sq ft Vietnamese American Community Center.

Ownership category

akta.pro rank

Product category

Community Development Services

NAICS

Other Residential Care Facilities (6239), Rooming and Boarding Houses, Dormitories, and Workers' Camps (72131)

SIC

Services-Social Services (8300), Services-To Dwellings & Other Buildings (7340), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Resident Support Services (RA Training Support, On-Call Coordination, Crisis Response Liaison) (EDAEAFAM)

akta.pro secondary industries

University Dorms & Affiliated Summer Housing (THAMAGAA), Community Health & Health Equity/Social Determinants Units (HLAJAAAO)

Keywords

• Community development corporation
• Affordable housing development
• Early childhood education
• Youth development programs
• Social services nonprofit

Headquarters

HQ city

Dorchester

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Revenue model

1. Donations and Grants: VietAID operates as a 501(c)(3) nonprofit organization funded by donations, corporate sponsors, and government grants. Program expenditures include childcare (41%), youth programs (15%), affordable real estate development (12%), housing and economic and community engagement (14%), and overhead (18%). The organization also participates in the Massachusetts Community Investment Tax Credit (CITC) program.
2. Housing Rental Income: VietAID professionally manages 123 affordable rental and homeownership housing units. Rents are collected from tenants in affordable housing properties (1460 House, 19-21 Faulkner Street, Bloomfield Gardens, 1392 Dorchester Ave, Upper Washington Apartments).
3. Preschool Tuition: Au Cơ Preschool charges tuition for childcare services. While costs are significantly less than most childcare programs in Massachusetts, and children can be supported for tuition from government or scholarship programs.
4. Space Rentals: VietAID rents out spaces at the Vietnamese American Community Center (VACC) including the Great Hall and Middle School for community-focused events and meetings.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

VietAID operates a portfolio of community programs serving the Vietnamese American community in Dorchester, Boston. Programs include affordable rental and homeownership housing (123+ units across five properties managed by the organization), the Âu Cơ Vietnamese bilingual preschool (the first and only Vietnamese bilingual, bicultural preschool in Massachusetts), youth academic and leadership programs (VSPY for grades 1-8 and VALA for high schoolers), Housing Counseling (first-time homebuyer education and foreclosure prevention), a Senior Day Program (acquired from Kit Clark Senior Services in October 2018), and Community Outreach & Engagement (cultural celebrations and organizing). The 18,000 sq ft Vietnamese American Community Center (VACC), completed in 2002, functions as the operational hub for these programs and as rental space for community events.

Product overview

VietAID is a community development corporation offering a portfolio of social service programs for the Vietnamese American community in Dorchester, Boston. The core programs include: Au Co Preschool (Vietnamese bilingual early education), VSPY and VALA (youth academic and leadership programs), Community Outreach (cultural events and organizing), Real Estate Development (affordable housing), Housing Counseling, Senior Day Program, and the Vietnamese American Community Center facility. These programs work together to serve the community across generations—from early childhood through seniors—while the VACC serves as the central hub housing multiple organizations and services.

Differentiator

Problem solved

Functional benefit

Brands

• Âu Cơ Preschool: Vietnamese bilingual, bicultural preschool program in Massachusetts, founded in 2005. First and only Vietnamese bilingual preschool program in the state.
• VSPY
• VALA

Products and services

• Âu Cơ Preschool Vietnamese bilingual, bicultural preschool program for children ages 3-4, licensed by the Massachusetts Department of Early Education and Care, with Universal Pre-K partnership with Boston Public Schools offering priority K2 registration.
• VSPY (VietAID Scholarly Program for Youth) After-school and summer program for grades 1-8 providing academic enrichment, college-readiness programming, and field trips for Vietnamese American youth.
• VALA (VietAID Leadership Alliance) High-school youth leadership development program providing employment opportunities, college access programming, and civic engagement activities for Vietnamese American teens.
• Affordable Housing (Real Estate Development and Management) Development and professional management of 123+ mixed-use affordable rental and homeownership housing units across five properties (1460 House, 19-21 Faulkner Street, Bloomfield Gardens, 1392 Dorchester Ave, Upper Washington Apartments) serving 135+ families and individuals, with a pipeline including the 33-unit Hollins Park / Bowdoin Street project.
• Housing Counseling Massachusetts Homeownership Collaborative approved counseling services including first-time homebuyer training, foreclosure prevention and lender negotiations, and rental assistance for Vietnamese community members.
• Senior Day Program Adult day care services for elderly Vietnamese American community members operating weekdays 8:30am-2:00pm, providing meals, recreational activities, and companionship at the Vietnamese American Community Center; program was acquired by VietAID from Kit Clark Senior Services.
• Community Outreach & Engagement Cultural celebrations (Tết, Dorchester Day Parade, August Moon Celebration, Mỹ Gala) and community organizing initiatives including social justice advocacy for the Vietnamese American community.
• Space Rentals at the Vietnamese American Community Center Rentable event space at the Vietnamese American Community Center (VACC) in Dorchester, including the Great Hall and Middle School rooms, available for community-focused events and meetings.

Quantifiable outcome

• 90.5% of Au Co students graduate and are prepared for kindergarten
• +4 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

21 partnerships are on record, tiered core and minor.

• Action for Boston Community Development, Inc (ABCD)coreStrategic or Co-development PartnerABCD is a major Boston community action agency providing comprehensive human services. VietAID works with ABCD on various community programs and services.
• All Dorchester Sports LeaguecoreStrategic or Co-development PartnerPartnership for youth sports and recreational activities in Dorchester, supporting the VSPY summer program with physical education programming.
• Boston Public SchoolscoreStrategic or Co-development PartnerPartnership for Universal Pre-K program at Au Cơ Preschool. Students graduating from the program have priority registration for K2 in selected BPS schools.
• Department of Housing and Community Development (Massachusetts)coreStrategic or Co-development PartnerState agency providing funding and support for affordable housing development and community development programs.
• Department of Neighborhood Development (City of Boston)coreStrategic or Co-development PartnerCity agency supporting VietAID's Fields Corner development program through real estate development including affordable housing construction.
• DotHouse HealthcoreStrategic or Co-development PartnerFederally qualified health center in Dorchester providing healthcare services. Partnership for community health initiatives.
• Eastern BankcoreStrategic or Co-development PartnerEastern Bank Charitable Foundation has provided grants to support Fields Corner development program. Foundation provided $10,000 grant for real estate development.
• Harvard Pilgrim Health CareminorStrategic or Co-development PartnerHealth insurance provider supporting community health initiatives.
• Kit Clark Senior ServicescoreStrategic or Co-development PartnerVietAID acquired Senior Day Programming from Kit Clark Senior Services in October 2018. Kit Clark continues to operate daily services for the elderly from VACC.
• Massachusetts Coalition for Occupational Safety and Health (MassCOSH)coreStrategic or Co-development PartnerPartnership for occupational safety and health training, particularly for nail salon and hardwood floor industries used by Vietnamese workers.
• Museum of Fine Arts (MFA)minorStrategic or Co-development PartnerPartnership for cultural events including Tết Talk at the museum, expanding community engagement beyond Vietnamese-specific venues.
• Operation A.B.L.E. of Greater Boston, Inc.coreStrategic or Co-development PartnerPartnership for Senior Community Service Employment (SCSEP) program helping seniors gain work experience through on-the-job training at nonprofit organizations.
• National Asian Pacific Center on AgingcoreStrategic or Co-development PartnerPartnership for Senior Community Service Employment (SCSEP) program supporting senior employment opportunities.
• Trinity Management LLCcoreChannel Partner/ Reseller/ DistributorReal estate management company that matches interested renters with VietAID's affordable housing units. Contact: (617) 929-4161.
• Vietnamese American Civic Association (VACA)coreStrategic or Co-development PartnerMutual Assistance Association operating out of VACC providing ESOL classes, citizenship classes, health education, youth development, and workforce development services.
• Boston Police Department – C11minorStrategic or Co-development PartnerLocal police district partnership for Fields Corner Connect neighborhood-wide collaborative for public safety and awareness.
• Fields Corner Main StreetminorStrategic or Co-development PartnerMain Streets organization supporting neighborhood commercial development and small business growth in Fields Corner.
• Greater Boston Legal Services, Asian Outreach UnitcoreStrategic or Co-development PartnerLegal services organization providing free legal assistance on domestic violence, employment, benefits, immigration, and housing from VACC.
• Asian American Resource Workshop (AARW)coreStrategic or Co-development PartnerMember-based organization using arts, education, and activism for Asian Pacific American empowerment. Also hosts DOT-I (Dorchester Organizing and Training Initiative) for Vietnamese community leadership development.
• Boston Little SaigoncoreStrategic or Co-development PartnerCo-sponsored Shark Tank competition with VietAID and ElevAsian in 2024. Supports Vietnamese cultural preservation and community events.
• ElevAsianminorStrategic or Co-development PartnerCo-sponsored Shark Tank competition for Asian American entrepreneurs in 2024, providing platform for business development.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Greater Boston Chinese Golden Age Center: GBCGAC provides senior services, adult education, and community programs for the Chinese American community in Boston. Comparable to VietAID's senior day program and Asian-community-focused service delivery.
• Chinatown Community Development Center: CCDC is a San Francisco Chinatown-based community development corporation providing affordable housing, asset building, and community organizing for the Asian American community. Comparable to VietAID in ethnic-focused CDC model and housing-centric operations.
• La Colaborativa: La Colaborativa is a Chelsea, MA-based community development organization serving immigrant populations with affordable housing, youth programs, and economic development. Comparable to VietAID in serving a specific immigrant community with cradle-to-adult services.
• Dudley Street Neighborhood Initiative: DSNI is a Roxbury/Dorchester community-based planning and development organization combining affordable housing, economic development, and youth leadership. Highly comparable to VietAID's ecosystem model and Dorchester footprint.
• Asian Community Development Corporation: Asian Community Development Corporation (ACDC) is a Boston-based community development corporation focused on Asian American communities, providing affordable housing, economic development, and community services. Directly comparable to VietAID in mission, geography, and service mix.
• Dorchester Bay Economic Development Corporation: DBEDC is a community development corporation based in Dorchester that develops affordable housing and provides economic development services. Operates in the same neighborhood as VietAID with overlapping real estate and small business programming.
• Vietnamese American Civic Association (VACA): VACA is a mutual assistance association based inside VietAID's VACC building, providing ESOL classes, citizenship classes, and youth development for the Vietnamese community in Boston. Most directly comparable as a Vietnamese-focused community services organization in the same geography.
• Mission Hill Neighborhood Housing Services: Mission Hill NHS is a Boston-based community development corporation providing affordable housing development and resident services. Comparable to VietAID in real estate focus and resident services model.

Broad incumbents

• Action for Boston Community Development (ABCD): ABCD is Boston's larger community action agency providing comprehensive human services across multiple neighborhoods. VietAID already partners with ABCD; broadly comparable in scope but operates citywide rather than community-specific.

Regional players

• Boston Little Saigon: Boston Little Saigon is a Dorchester-based community partnership focused on Vietnamese cultural preservation and small business development in Fields Corner. VietAID has co-sponsored programming with them; operates in the same neighborhood and target community.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/vietaid
• Xx.com/vietaid

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VietAID