VESTA COMMUNITY HOUSING DEVELOPMENT BOARD INC (EIN 141635262) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

PETER NEWKIRK

Phone

5183772448

Tax Period

2023-01-01 to 2023-12-31

VESTA COMMUNITY HOUSING DEVELOPMENT BOARD INC, founded in 1982, is a small nonprofit that reported $668K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $106K, a strong 16% operating margin.

Mission

PROVIDE RENTALS TO COMMUNITY SERVICE PROGRAMS/LOW INCOME TENANTS.

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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 $310,067

Program Service Revenue $332,909

Investment Income $0

Other Revenue $25,289

TOTAL REVENUE $668,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $504,053

Other Expenses $562,164

TOTAL EXPENSES $562,164

Year-over-Year Comparison

	2023	2022	Change
Revenue	$668,265	$1,999,686	-0.7%
Expenses	$562,164	$1,607,817	-0.7%
Net Income	$106,101	$391,869	-0.7%

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

N/A

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

$87,695

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN LUIBRAND ESQ	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN GRAHAM	TREASURER	1.00	Officer Director	$0	$0	$0
PETER NEWKIRK	CEO & SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES MORRELL	DIRECTORS	1.00	Director	$0	$0	$0
WILLIAM BALFE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KERRI BISHOP	DIRECTOR OF FINANCE	2.00	Officer	$0	$4,800	$87,695

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	$668,265	$562,164	$3,656,297	$106,101
2022	$1,999,686	$1,607,817	$3,464,159	$391,869
2021	$908,129	$817,817	$3,779,824	$90,312
2020	$688,698	$757,468	$4,135,808	$-68,770
2019	$634,422	$733,800	$4,166,340	$-99,378
2018	$644,566	$782,285	$4,899,022	$-137,719

VESTA COMMUNITY HOUSING DEVELOPMENT BOARD INC