V N HOUSING CORP CO CHURCH COMMUNITY HOUSING CORP

EIN: 061473638 501(c)(3) Housing & Shelter

NEWPORT, RI

Total Revenue
$283,618
Total Expenses
$306,639
Total Assets
$811,634
Net Assets
$753,945
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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
1997
Legal Domicile
RI
Principal Officer
ROBERT SABEL
Phone
4018465114
Tax Period
2024-07-01 to 2025-06-30

V N HOUSING CORP CO CHURCH COMMUNITY HOUSING CORP, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $284K in total revenue in fiscal year 2024. Net assets of $754K represent 32 months of operating reserves.

Mission

HOUSING FOR LOW INCOME DISABLED PERSONS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $281,220
Investment Income $706
Other Revenue $1,692
TOTAL REVENUE $283,618

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $306,639
Other Expenses $306,639
TOTAL EXPENSES $306,639

Year-over-Year Comparison

2024 2023 Change
Revenue $283,618 $273,558 +0.0%
Expenses $306,639 $276,792 +0.1%
Net Income $-23,021 $-3,234 +6.1%
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
4
Independent Members
4
Employees
N/A
Volunteers
4

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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT SABEL President 1.00
Officer Director
$0 $0 $0
MARJORIE JENSEN Treasurer 1.00
Officer Director
$0 $0 $0
SUSAN BODINGTON Director 1.00
Director
$0 $0 $0
ELIZABETH PHELPS Director 1.00
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
2025 $283,618 $306,639 $811,634 $-23,021
2024 $273,558 $276,792 $864,108 $-3,234
2023 $295,234 $319,596 $830,319 $-24,362
2022 $276,554 $305,592 $856,488 $-29,038
2021 $277,062 $298,417 $882,647 $-21,355
2020 $271,002 $305,274 $912,534 $-34,272
2019 $265,760 $326,788 $941,456 $-61,028
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