HOUSING OPPORTUNITIES MADE EQUAL OF VIRGINIA INC (EIN 237303018) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

THOMAS O FITZPATRICK

Phone

8043540641

Tax Period

2024-07-01 to 2025-06-30

HOUSING OPPORTUNITIES MADE EQUAL OF VIRGINIA INC, founded in 1971, is a community nonprofit in the Housing & Shelter sector that reported $6.8M in total revenue in fiscal year 2017. Revenue surged 171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.5M, a strong 52% operating margin.

Mission

HOME OF VA ENSURES EQUAL ACCESS TO HOUSING OPPORTUNITIES BY BUILDING INDIVIDUAL CAPACITY, ENSURING COMPLIANCE WITH FAIR HOUSING LAWS, AND PROMOTING EFFECTIVE PUBLIC POLICY TO ADVANCE HOUSING JUSTICE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,505,636

Program Service Revenue $380,538

Investment Income $103,047

Other Revenue $0

TOTAL REVENUE $5,989,221

Expense Breakdown

Grants Paid $1,626,665

Salaries & Benefits $2,283,519

Fundraising Expenses $104,382

Program Expenses $5,346,830

Other Expenses $1,621,146

TOTAL EXPENSES $5,531,330

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,989,221	$5,382,513	+0.1%
Expenses	$5,531,330	$6,352,753	-0.1%
Net Income	$457,891	$-970,240	-1.5%

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

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

$172,811

Total Directors

Key Employees

$398,352

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS OKUDA FITZPATRICK	EXECUTIVE DIRECTOR	35.00	Officer Highest	$151,730	$21,081	$172,811
ANDREW HAUGH	DIRECTOR OF FINANCE	35.00	Key Emp	$126,460	$18,169	$144,629
BRENDA HICKS	DEPUTY DRECTOR	35.00	Key Emp	$112,174	$17,551	$129,725
BRENDA CASTANNEDA	DEPUTY DRECTOR	35.00	Key Emp	$117,473	$6,525	$123,998
CHRISTY OMARZAI	CHAIR	1.00	Officer Director	$0	$0	$0
DALE BATTEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MONA RAZA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEPHANIE THEOFANOS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ELIZABETH GREENFIELD	SECRETARY	1.00	Officer Director	$0	$0	$0
MONICA BROWN	TREASURER	1.00	Officer Director	$0	$0	$0
SHARON STEWART-MURPHY	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROL BROWN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC DUNN	DIRECTOR	1.00	Director	$0	$0	$0
JULIE MCCONNELL	DIRECTOR	1.00	Director	$0	$0	$0
MARIANNE MCGHEE	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR MCKENZIE	DIRECTOR	1.00	Director	$0	$0	$0
DESSIE NASH	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN OSBORNE	DIRECTOR	1.00	Director	$0	$0	$0
AGUSTIN RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
JUAN SANTACOLOMA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL THORNE-BEGLAND	DIRECTOR	1.00	Director	$0	$0	$0
GRACE WASHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL WATKINS	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	$5,989,221	$5,531,330	$3,579,481	$457,891
2025	$5,989,221	$5,531,330	$3,579,481	$457,891
2024	$5,382,513	$6,352,753	$3,269,492	$-970,240
2023	$5,172,721	$5,901,079	$4,613,572	$-728,358
2022	$11,055,422	$10,391,744	$5,191,180	$663,678
2021	$5,224,528	$5,567,047	$4,194,387	$-342,519
2020	$3,606,735	$4,024,258	$4,556,622	$-417,523
2019	$3,447,462	$3,454,978	$4,645,413	$-7,516
2018	$6,786,943	$3,250,966	$4,615,031	$3,535,977

HOUSING OPPORTUNITIES MADE EQUAL OF VIRGINIA INC