Ballard Village Nonprofit Christia… - Form 990 Financial Data

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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

Kenneth Ballard

Phone

8106531808

Tax Period

2024-01-01 to 2024-12-31

Ballard Village Nonprofit Christian Ministries, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $467K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $600K exceeded revenue, resulting in a 29% operating deficit.

Mission

To provide rental assistance to eligible elderly individuals to obtain decent, safe and sanitary housing under HUD Section 202 Capital Advance Program.

Program Service Accomplishments

Program 1

Expenses: $590,512 Revenue: $280,497

Rental of apartments to senior citizens. 61 apartments were rented during the 12 months.

Program 2

N/A

Program 3

N/A

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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 $180,203

Program Service Revenue $280,497

Investment Income $6,109

Other Revenue $0

TOTAL REVENUE $466,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,766

Fundraising Expenses $0

Program Expenses $590,512

Other Expenses $572,586

TOTAL EXPENSES $600,352

Year-over-Year Comparison

	2024	2023	Change
Revenue	$466,809	$512,890	-0.1%
Expenses	$600,352	$607,185	0.0%
Net Income	$-133,543	$-94,295	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
A Thomas Hards	President	1.00	Officer Director	$0	$0	$0
Joan Peterson Smith	Vice President	1.00	Officer Director	$0	$0	$0
Kenneth Ballard	Treasurer	1.00	Officer Director	$0	$0	$0
Julie Pray	Secretary	1.00	Officer Director	$0	$0	$0
Sue Colavincenzo	Director	1.00	Director	$0	$0	$0
Mike Grumley	Director	1.00	Director	$0	$0	$0
Sharon Adams	Director	1.00	Director	$0	$0	$0
Janet Craddrock	Director	1.00	Director	$0	$0	$0
Sally Simmons	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
2024	$466,809	$600,352	$5,395,862	$-133,543
2023	$512,890	$607,185	$5,524,766	$-94,295
2022	$416,948	$650,386	$5,652,459	$-233,438
2021	$407,826	$631,425	$5,821,694	$-223,599
2020	$434,125	$583,313	$6,081,888	$-149,188
2019	$411,335	$716,275	$6,201,234	$-304,940
2018	$409,277	$757,083	$6,310,578	$-347,806

Ballard Village Nonprofit Christian Ministries