VALLEY HOUSING DEVELOPMENT CORP (EIN 222838722) - 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

JOSEPH SCHUPP

Phone

6109654514

Tax Period

2023-01-01 to 2023-12-31

VALLEY HOUSING DEVELOPMENT CORP, founded in 1982, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $6.1M exceeded revenue, resulting in a 27% operating deficit.

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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 $458,939

Program Service Revenue $4,353,648

Investment Income $36,014

Other Revenue $0

TOTAL REVENUE $4,848,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,865,365

Other Expenses $6,142,939

TOTAL EXPENSES $6,142,939

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,848,601	$5,132,183	-0.1%
Expenses	$6,142,939	$3,067,584	+1.0%
Net Income	$-1,294,338	$2,064,599	-1.6%

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

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
JOSEPH SCHUPP	PRESIDENT	1.00	Officer Director	$0	$0	$0
KIM EDWARDS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT KERN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSHUA DODD	TREASURER	1.00	Officer Director	$0	$0	$0
ADRIENNE KWIATEK-HOLUB	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL KAZARNOWICZ	BOARD MEMBER	1.00	Director	$0	$0	$0
KENT HERMAN	SOLICITOR	1.00	Director	$0	$0	$0
JOSH DODD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN ANDRONIS	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY MAURER	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL HIGHET	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$4,848,601	$6,142,939	$20,837,508	$-1,294,338
2022	$5,132,183	$3,067,584	$13,755,428	$2,064,599
2021	$1,722,692	$1,921,509	$11,137,403	$-198,817
2020	$2,029,826	$1,731,872	$11,290,526	$297,954

VALLEY HOUSING DEVELOPMENT CORP