VETERANS PLACE OF WASHINGTON BOULEVARD (EIN 251787030) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

KEVIN KORDZI

Phone

4123630500

Tax Period

2024-01-01 to 2024-12-31

VETERANS PLACE OF WASHINGTON BOULEVARD, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $6.6M in total revenue in fiscal year 2024. Revenue surged 142% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 57% operating margin.

Mission

TO MAKE VETERANS LIVES BETTER BY CONNECTING THEM WITH TOOLS TO BECOME SELF-SUFFICIENT

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,769,833

Program Service Revenue $1,719,211

Investment Income $6,025

Other Revenue $61,890

TOTAL REVENUE $6,556,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,549,340

Fundraising Expenses $225,646

Program Expenses $2,456,521

Other Expenses $1,276,693

TOTAL EXPENSES $2,826,033

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,556,959	$2,713,400	+1.4%
Expenses	$2,826,033	$2,579,927	+0.1%
Net Income	$3,730,926	$133,473	+27.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$92,273

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK WECHSLER	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOHN WILCOX	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK CHIODO	TREASURER	2.00	Officer Director	$0	$0	$0
DANIEL OSTROWSKI	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT AMERICUS	BOARD MEMBER	1.00	Director	$0	$0	$0
HANK BEUKEMA	BOARD MEMBER	2.00	Director	$0	$0	$0
MARVA BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
AUGUSTINE FAUCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR I WILLIAM GOLDFARB	BOARD MEMBER	1.00	Director	$0	$0	$0
BRADLEY HARRISON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY ROBB JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN L JENKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
DR ABRAHAM JOHN KABAZIE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES MOYER	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBORAH OLSZEWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL EANNARINO	DIRECTOR (EMERITUS)	1.00	Director	$0	$0	$0
KEVIN KOROZI	EXECUTIVE DIRECTOR	1.00	Officer	$91,205	$1,068	$92,273

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	$6,556,959	$2,826,033	$10,551,085	$3,730,926
2023	$2,713,400	$2,579,927	$5,576,761	$133,473
2022	$3,477,366	$2,903,561	$4,494,614	$573,805
2021	$3,094,398	$2,398,687	$4,136,210	$695,711
2020	$2,128,993	$1,881,528	$3,484,282	$247,465
2019	$1,653,629	$1,665,238	$3,525,519	$-11,609
2018	$2,401,256	$1,535,792	$3,878,983	$865,464

VETERANS PLACE OF WASHINGTON BOULEVARD