Housing Trust Fund of Northern Virginia (dba Homeaid Northern Virginia) (EIN 300089379) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

Rick Cole

Phone

7039533501

Tax Period

2023-01-01 to 2023-12-31

HOUSING TRUST FUND OF NORTHERN VIRGINIA INC (DBA HOMEAID NORTHERN VIRGINIA), founded in 2001, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2018. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 4% surplus.

Mission

We build new lives for families and individuals experiencing homelessness through housing and community outreach.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,249,552

Program Service Revenue $251,840

Investment Income $48,682

Other Revenue $1,765

TOTAL REVENUE $1,551,839

Expense Breakdown

Grants Paid $515,585

Salaries & Benefits $451,766

Fundraising Expenses $98,723

Program Expenses $1,204,294

Other Expenses $430,376

TOTAL EXPENSES $1,397,727

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,551,839	$1,357,557	+0.1%
Expenses	$1,397,727	$1,062,408	+0.3%
Net Income	$154,112	$295,149	-0.5%

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

225

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

$168,939

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lauren Vanni Kinard	President	1.00	Officer Director	$0	$0	$0
John Buhl Jr	Immediate Past President	1.00	Officer Director	$0	$0	$0
Tom Twomey	Vice President / President Elect	1.00	Officer Director	$0	$0	$0
Rick Cole	Treasurer	1.00	Officer Director	$0	$0	$0
Bryan Guidash	Secretary	1.00	Officer Director	$0	$0	$0
Jason McDonough	Director	1.00	Director	$0	$0	$0
Soledad Portilla	Director	1.00	Director	$0	$0	$0
Curt Anderson	Director	1.00	Director	$0	$0	$0
John Darvish	Director	1.00	Director	$0	$0	$0
David Gill	Director	1.00	Director	$0	$0	$0
Charles Helme III	Director	1.00	Director	$0	$0	$0
Worth Jenkins	Director	1.00	Director	$0	$0	$0
Deepak Kakar	Director	1.00	Director	$0	$0	$0
Mark King	Director	1.00	Director	$0	$0	$0
Bruce Rahmani	Director	1.00	Director	$0	$0	$0
Micheal Scheurer	Director	1.00	Director	$0	$0	$0
Doug Smith	Director	1.00	Director	$0	$0	$0
Bryant Cruzado	Director	1.00	Director	$0	$0	$0
Eric Dunn	Director	1.00	Director	$0	$0	$0
Doug Horne	Director	1.00	Director	$0	$0	$0
Charles Schulz	Director	1.00	Director	$0	$0	$0
Steven Alloy	Director	1.00	Director	$0	$0	$0
Gregory Carter	Director	1.00	Director	$0	$0	$0
Gary Chandler	Director	1.00	Director	$0	$0	$0
Brian Davidson	Director	1.00	Director	$0	$0	$0
Donald Knutson	Director	1.00	Director	$0	$0	$0
Sal Migliore	Director	1.00	Director	$0	$0	$0
John Monacci	Director	1.00	Director	$0	$0	$0
Mike Sandkuhler	Director	1.00	Director	$0	$0	$0
Jerry Berman	Director	1.00	Director	$0	$0	$0
Russ Rosenberger	Director	1.00	Director	$0	$0	$0
Alicia Skoug	Director	1.00	Director	$0	$0	$0
Kevin Canary	Director	1.00	Director	$0	$0	$0
Thomas Hyde	Director	1.00	Director	$0	$0	$0
Kevin Washington	Director	1.00	Director	$0	$0	$0
Kristyn Burr	Executive Director	37.50	Officer	$159,423	$9,516	$168,939

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
2023	$1,551,839	$1,397,727	$2,091,097	$154,112
2022	$1,357,557	$1,062,408	$1,939,736	$295,149
2021	$1,610,122	$1,288,659	$1,642,500	$321,463
2020	$871,523	$823,514	$1,350,479	$48,009
2019	$1,522,521	$1,314,984	$1,254,711	$207,537
2018	$1,704,830	$1,644,662	$1,039,880	$60,168

Housing Trust Fund of Northern Virginia (dba Homeaid Northern Virginia)