VETERANS BENEFITS CLEARINGHOUSE DE… - 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

1987

Legal Domicile

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.

Program Service Accomplishments

Program 1

PROVIDED THROUGH HOUSING CONTROLLED BY STATE OR FEDERAL OVERSITE, LOW INCOME HOUSING AND TENANT SUPPORT. CONTROLS 420 UNITS OF HOUSING/LOW INCOME. PROVIDE TENANT SERVICES - HOME BUYERS, COMPUTER LABS.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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

VETERANS BENEFITS CLEARINGHOUSE DEVELOPMENT CORPORATION