VETERANS HOUSING DEVELOPMENT CORPORATION (EIN 261177340) - 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

2007

Legal Domicile

Principal Officer

CHRIS FLAHERTY

Phone

7075782785

Tax Period

2024-01-01 to 2024-12-31

VETERANS HOUSING DEVELOPMENT CORPORATION, founded in 2007, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $132K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $366K exceeded revenue, resulting in a 176% operating deficit.

Mission

TO SUPPORT THE MISSION OF NATION'S FINEST BY PROVIDING (SEE SCHEDULE O)AFFORDABLE HOUSING - PERMANENT SUPPORTIVE, TRANSITIONAL, RENTAL AND OWNERSHIP - FOR LOW INCOME VETERANS AND THEIR FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $87

Program Service Revenue $129,903

Investment Income $0

Other Revenue $2,500

TOTAL REVENUE $132,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $347,010

Other Expenses $366,092

TOTAL EXPENSES $366,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$132,490	$111,205	+0.2%
Expenses	$366,092	$468,819	-0.2%
Net Income	$-233,602	$-357,614	-0.3%

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

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

$370,186

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP WILLIAMS	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
CHARLES HELGET	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
ANNE FABINY	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
LARRY CONNOLLY	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
EDWARD AYERS	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID ENGLIN	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID LA ROSA-PRESUME	BOARD MEMBER	2.00	Director	$0	$0	$0
JIMMY RADFORD	BOARD MEMBER	2.00	Director	$0	$0	$0
MCGREGOR SCOTT	BOARD MEMBER	2.00	Director	$0	$0	$0
LACEY SZEKELY	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS JOHNSON	PRESIDENT AND CEO (THRU 8/24)	20.00	Officer	$0	$23,122	$280,560
BRAD LONG	EXECUTIVE DIRECTOR	20.00	Officer	$0	$15,588	$89,626

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	$132,490	$366,092	$10,635,691	$-233,602
2023	No data	No data	No data	No data
2022	$729,564	$1,618,773	$11,261,996	$-889,209
2022	No data	No data	No data	No data
2021	$337,580	$626,786	$11,955,910	$-289,206
2020	$1,107,614	$528,434	$11,864,107	$579,180
2019	$1,811,022	$1,337,848	$9,829,961	$473,174
2018	$1,353,076	$195,041	$4,383,578	$1,158,035

VETERANS HOUSING DEVELOPMENT CORPORATION