VETERANS BENEFITS CLEARINGHOUSE DEVELOPMENT CORPORATION

EIN: 042958082 501(c)(3) Public & Societal Benefit

DORCHESTER, MA

Total Revenue
$298,118
Total Expenses
$298,463
Total Assets
$2,822,385
Net Assets
$1,596,126
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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
1987
Legal Domicile
MA
Principal Officer
HAROLD RAYMOND
Phone
6173069912
Tax Period
2023-07-01 to 2024-06-30

VETERANS BENEFITS CLEARINGHOUSE DEVELOPMENT CORPORATION, founded in 1987, is a small nonprofit in the Public & Societal Benefit sector that reported $298K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Net assets of $1.6M represent 64 months of operating reserves.

Mission

HOUSING PROVIDED TO LOW INCOME TENANTS AS WELL AS RESIDENT SERVICES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $348,861
Investment Income $0
Other Revenue $-50,743
TOTAL REVENUE $298,118

Expense Breakdown

Grants Paid $0
Salaries & Benefits $144,000
Fundraising Expenses $0
Program Expenses $124,997
Other Expenses $154,463
TOTAL EXPENSES $298,463

Year-over-Year Comparison

2023 2022 Change
Revenue $298,118 $431,187 -0.3%
Expenses $298,463 $203,497 +0.5%
Net Income $-345 $227,690 -1.0%
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

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Governance

Voting Members
3
Independent Members
2
Employees
3
Volunteers
N/A

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TONY JONES CLERK 10.00
Director
$0 $0 $0
ALBERT OGISTE DIRECTOR 10.00
Director
$0 $0 $0
HAROLD RAYMOND PRESIDENT 25.00
Officer 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 $298,118 $298,463 $2,822,385 $-345
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