VALLEY HOUSING FUND

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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

2010

Legal Domicile

Principal Officer

SCOTT DESMARAIS

Phone

9709019032

Tax Period

2023-01-01 to 2023-12-31

VALLEY HOUSING FUND, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $236K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $394K exceeded revenue, resulting in a 67% operating deficit.

Mission

THE VALLEY HOUSING FUND WORKS COLLABORATIVELY TO CREATE AND SUPPORT AFFORD ABLE AND ACCESSIBLE HOUSING OPPORTUNITIES TO STRENGTHEN THE GUNNISON VALLEY COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $249,397 Revenue: $236,250

THE VALLEY HOUSING FUND EXEMPT PURPOSE ACHIEVEMENTS INCLUDE THE PROVISION OF AFFORDABLE AND WORKFORCE HOUSING, AND OUTREACH AND EDUCATION TO THE COMMUNITY REGARDING AFFORDABLE AND WORKFORCE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $195,691

Program Service Revenue $0

Investment Income $35,716

Other Revenue $4,842

TOTAL REVENUE $236,249

Expense Breakdown

Grants Paid $200,000

Salaries & Benefits $130,083

Fundraising Expenses $52,419

Program Expenses $249,397

Other Expenses $63,542

TOTAL EXPENSES $393,625

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,249	$542,521	-0.6%
Expenses	$393,625	$468,349	-0.2%
Net Income	$-157,376	$74,172	-3.1%

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

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

$90,894

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT DESMARAIS	PRESIDENT &	4.00	Officer Director	$0	$0	$0
JIM STARR	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
WADE BAKER	TREASURER	4.00	Officer Director	$0	$0	$0
KELLY MCKINNIS	MEMBER	2.00	Director	$0	$0	$0
EMILEE GAEBLER	MEMBER	2.00	Director	$0	$0	$0
JIM SCHMIDT	MEMBER	2.00	Director	$0	$0	$0
JOHN O'NEAL	MEMBER	2.00	Director	$0	$0	$0
BRENDA SARGENT	MEMBER	2.00	Director	$0	$0	$0
LAUREN KOELLIKER	EXECUTIVE DI	40.00	Officer	$90,894	$0	$90,894

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$236,249	$393,625	$3,560,717	$-157,376
2022	$542,521	$468,349	$3,520,333	$74,172
2021	$142,156	$250,942	$3,817,710	$-108,786
2020	$2,662,143	$79,335	$3,669,583	$2,582,808
2019	$19,946	$86,884	$948,722	$-66,938
2018	$16,428	$63,876	$916,133	$-47,448