Dravosburg Housing Association

EIN: 251016926 501(c)(3) Human Services

Dravosburg, PA

Total Revenue
$1,491,120
Total Expenses
$1,536,048
Total Assets
$876,234
Net Assets
$12,415
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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
2024
Legal Domicile
PA
Principal Officer
Laverne Banks
Phone
4124664601
Tax Period
2025-01-01 to 2025-12-31

Dravosburg Housing Association, founded in 2024, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2025.

Mission

The mission of Dravosburg Housing Association is to provide safe, secure, and affordable housing. We are dedicated to maintaining low monthly costs while fostering a strong, supportive community where the individuals can thrive and live with dignity.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,410,414
Program Service Revenue $0
Investment Income $80,706
Other Revenue $0
TOTAL REVENUE $1,491,120

Expense Breakdown

Grants Paid $0
Salaries & Benefits $284,821
Fundraising Expenses $0
Program Expenses $1,536,048
Other Expenses $1,251,227
TOTAL EXPENSES $1,536,048

Year-over-Year Comparison

2025 2024 Change
Revenue $1,491,120 N/A N/A
Expenses $1,536,048 N/A N/A
Net Income $-44,928 N/A N/A
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
7
Independent Members
7
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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charle Fite Secretary 3.00
Director
$0 $0 $0
Mary Ellen Konik Treasurer 1.00
Director
$0 $0 $0
Lesle Reese N/A 1.00
Director
$0 $0 $0
Bobbie Singer N/A 1.00
Director
$0 $0 $0
Richard Ofchinick N/A 2.00
Director
$0 $0 $0
Laverne Banks President 4.00
Officer
$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 $1,491,120 $1,536,048 $876,234 $-44,928
2024 No data No data No data No data
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