VIRGINIA AVENUE APARTMENTS INC (EIN 300342190) - 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

2005

Legal Domicile

Principal Officer

DEE WERLINE

Phone

8592531686

Tax Period

2023-07-01 to 2024-06-30

VIRGINIA AVENUE APARTMENTS INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $148K in total revenue in fiscal year 2023. Expenses of $193K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE HOUSING TO LOW INCOME INDIVIDUALS WITH MENTAL HEALTH/INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

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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 $0

Program Service Revenue $147,149

Investment Income $1,221

Other Revenue $0

TOTAL REVENUE $148,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $143,398

Other Expenses $193,359

TOTAL EXPENSES $193,359

Year-over-Year Comparison

	2023	2022	Change
Revenue	$148,370	$155,105	0.0%
Expenses	$193,359	$196,310	0.0%
Net Income	$-44,989	$-41,205	+0.1%

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

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

$757,422

Total Directors

$467,858

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP BERGER	BOARD DIRECTOR	0.50	Director	$0	$0	$0
KAREN WARD	BOARD VICE CHAIR	0.50	Director	$0	$0	$0
JOSEPH CONLEY	BOARD DIRECTOR	0.50	Director	$0	$0	$0
HAROLD MCKINNEY	BOARD DIRECTOR	0.50	Director	$0	$0	$0
DEE WERLINE	OFFICER/ BOARD SECRETARY-T	0.50	Officer Director	$0	$44,733	$467,858
MARY JUNE BRUNKER	BOARD DIRECTOR	0.50	Director	$0	$0	$0
SUSAN STARLING	BOARD CHAIR	0.50	Director	$0	$0	$0
DANA ROYSE	CFO	0.50	Officer	$0	$46,218	$289,564

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
2025	No data	No data	No data	No data
2024	$148,370	$193,359	$629,939	$-44,989
2023	$155,105	$196,310	$688,871	$-41,205
2022	$150,325	$165,136	$702,803	$-14,811
2021	$135,670	$157,993	$706,823	$-22,323
2020	$145,213	$154,114	$748,455	$-8,901
2019	$146,428	$171,564	$787,096	$-25,136

VIRGINIA AVENUE APARTMENTS INC