FREDELLA VILLAGE CORPORATION

EIN: 237008214

JACKSON, MS

Total Revenue
$251,635
Total Expenses
$258,357
Total Assets
$309,429
Net Assets
$282,013
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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
1968
Legal Domicile
MS
Principal Officer
CHRIS NICHOLAS
Phone
6019486401
Tax Period
2024-12-01 to 2025-11-30

FREDELLA VILLAGE CORPORATION, founded in 1968, is a small nonprofit that reported $252K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

OPERATION OF HUD SUBSIDIZED LOW INCOME HOUSING

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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 $251,588
Investment Income $47
Other Revenue $0
TOTAL REVENUE $251,635

Expense Breakdown

Grants Paid $0
Salaries & Benefits $68,602
Fundraising Expenses $0
Program Expenses $215,239
Other Expenses $189,755
TOTAL EXPENSES $258,357

Year-over-Year Comparison

2024 2023 Change
Revenue $251,635 $270,997 -0.1%
Expenses $258,357 $277,064 -0.1%
Net Income $-6,722 $-6,067 +0.1%
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
1
Independent Members
1
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
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS NICHOLAS MANAGING AGENT 2.00
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
2025 $251,635 $258,357 $309,429 $-6,722
2024 $270,997 $277,064 $324,712 $-6,067
2023 $255,740 $275,807 $330,227 $-20,067
2022 $225,042 $231,817 $344,830 $-6,775
2021 $231,399 $206,209 $350,840 $25,190
2020 $228,213 $204,361 $327,342 $23,852
2019 $217,054 $221,983 $303,268 $-4,929
2018 $221,107 $206,848 $322,679 $14,259
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