RUTLAND WEST NEIGHBORHOOD HOUSING … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

MELANIE PASKEVICH

Phone

8024382303

Tax Period

2023-01-01 to 2023-12-31

RUTLAND WEST NEIGHBORHOOD HOUSING SERVICES INC, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $3.9M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO STRENGTHEN THE DEVELOPMENT OF A REGIONAL ECONOMY BY PROMOTING SAFE, EFFICIENT AND STABLE HOUSING AND COMMUNITY PROJECTS THROUGH EDUCATION, TECHNICAL ASSISTANCE, AND FINANCIAL SERVICES.

Program Service Accomplishments

Program 1

Expenses: $2,477,775

HOME REPAIR PROGRAM: THE HOME REPAIR PROGRAM CONSISTS OF NEIGHBORWORKS OF WESTERN VERMONT PROJECT COORDINATORS THAT OVERSEE A REPAIR PROJECT FOR LOW-TO-MODERATE INCOME HOMEOWNERS IN ADDISON, RUTLAND, AND BENNINGTON COUNTIES THAT ARE RECEIVING A LOAN AND/OR GRANT FROM NEIGHBORWORKS OF WESTERN VERMONT (NWWVT). TYPICAL HOME REPAIR PROJECTS INCLUDE NEW WELLS, SEPTIC SYSTEMS, HEATING SYSTEMS, ROOF REPLACEMENT, STRUCTURAL WORK, PLUMBING, ELECTRICAL, AND WEATHERIZATION. AS THE LOAN AND/OR GRANT PROCESS PROCEEDS, PROJECT COORDINATORS ARE COMPLETING A HEALTH AND SAFETY EVALUATION OF THE HOME, WORKING WITH THE HOMEOWNER TO CREATE A SCOPE OF WORK, HELPING WITH CONTRACTORS, AND OBTAINING ESTIMATES FOR THE PROJECT. ONCE THE LOAN AND/OR GRANT IS APPROVED, THE PROJECT COORDINATION CONTINUES WITH PROJECT OVERSIGHT AND ESCROW PAYMENTS TO CONTRACTORS, HELPING AT EVERY STEP UNTIL THE PROJECT IS COMPLETE, HOMEOWNER IS SATISFIED, AND THE HOME IS REPAIRED AND SAFE.

Program 2

Expenses: $740,793 Revenue: $732,745

HOMEOWNERSHIP PROGRAM: THE HOMEOWNERSHIP PROGRAM CONSISTS OF BOTH EDUCATION AND COUNSELING FOR SUSTAINABLE HOMEOWNERSHIP. ONE-ON-ONE COUNSELING FOR PRE-PURCHASE COUNSELING, FINANCIAL COACHING AND...

HOMEOWNERSHIP PROGRAM: THE HOMEOWNERSHIP PROGRAM CONSISTS OF BOTH EDUCATION AND COUNSELING FOR SUSTAINABLE HOMEOWNERSHIP. ONE-ON-ONE COUNSELING FOR PRE-PURCHASE COUNSELING, FINANCIAL COACHING AND LIMITED FORECLOSURE COUNSELING IS OFFERED IN-PERSON, VIRTUALLY, OR BY PHONE. PRE-PURCHASE EDUCATION IS OFFERED IN-PERSON, ONLINE AND VIRTUALLY. FORECLOSURE EDUCATION AND FINANCIAL CAPABILITY CLASSES ARE OFFERED ONLINE ONLY. THERE ARE APPROXIMATELY 150 PARTICIPANTS EACH YEAR ATTENDING HOMEOWNERSHIP AND FINANCIAL LITERACY EDUCATION CLASSES AND APPROXIMATELY 250 THAT TAKE ADVANTAGE OF SOME COUNSELING SERVICES OFFERED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,969,146

Program Service Revenue $732,745

Investment Income $-219,942

Other Revenue $49,427

TOTAL REVENUE $3,531,376

Expense Breakdown

Grants Paid $1,616,977

Salaries & Benefits $1,276,232

Fundraising Expenses $0

Program Expenses $3,218,568

Other Expenses $1,002,992

TOTAL EXPENSES $3,896,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,531,376	$2,828,521	+0.2%
Expenses	$3,896,201	$2,835,563	+0.4%
Net Income	$-364,825	$-7,042	+50.8%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$145,155

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER STARZYNSKI	EXECUTIVE DI	40.00	Officer	$126,875	$18,280	$145,155
JENNIFER YAKUNOVICH	PRESIDENT	2.00	Officer Director	$0	$0	$0
KERI FRANZONI	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
GABRIELLE GLADDING	SECRETARY	2.00	Officer Director	$0	$0	$0
KAREN BARTLETT	DIRECTOR	2.00	Director	$0	$0	$0
PEG FLORY	DIRECTOR	2.00	Director	$0	$0	$0
MELINDA HUMPHREY	DIRECTOR	2.00	Director	$0	$0	$0
CHERYL HOOKER	DIRECTOR	2.00	Director	$0	$0	$0
KARIN STAMY	DIRECTOR	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$3,531,376	$3,896,201	$17,517,148	$-364,825
2022	$2,828,521	$2,835,563	$17,334,099	$-7,042
2021	$4,032,125	$3,271,207	$16,862,334	$760,918
2020	$4,109,396	$3,580,912	$17,680,643	$528,484
2019	$2,339,083	$2,513,723	$17,851,254	$-174,640
2018	$3,599,160	$3,906,012	$17,235,939	$-306,852

RUTLAND WEST NEIGHBORHOOD HOUSING SERVICES INC