FAITH WORKS COALITION INC

EIN: 300459321 501(c)(3) Housing & Shelter

Virginia Beach, VA

Total Revenue
$97,974
Total Expenses
$114,558
Total Assets
$54,253
Net Assets
$54,253
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
VA
Principal Officer
JOHN NOGOSEK
Tax Period
2018-01-01 to 2018-12-31

FAITH WORKS COALITION INC, founded in 2008, is a micro nonprofit in the Housing & Shelter sector that reported $98K in total revenue in fiscal year 2018. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $115K exceeded revenue, resulting in a 17% operating deficit.

Mission

LOCAL FAITH-BASED ORGANIZATION AND INDIVIDUALS FOUNDED TO ASSEMBLE AND RESPONSIBLY STEWARD FINANCIAL, MATERIAL, AND HUMAN RESOURCES TO ADDRESS SUBSTANDARD LIVING CONDITIONS IN OUR COMMUNITY BY REPAIRING HOMES FOR THE LESS FORTUNATE AT NO COST.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $97,968
Program Service Revenue $0
Investment Income $6
Other Revenue $0
TOTAL REVENUE $97,974

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $3,766
Program Expenses $108,575
Other Expenses $114,558
TOTAL EXPENSES $114,558

Year-over-Year Comparison

2018 2017 Change
Revenue $97,974 $78,908 +0.2%
Expenses $114,558 $85,405 +0.3%
Net Income $-16,584 $-6,497 +1.6%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
20
Independent Members
20
Employees
N/A
Volunteers
252

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
4
$0
Total Directors
21
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN NOGOSEK PRESIDENT AND CHAIR FCRC 5.00
Officer Director
$0 $0 $0
CAROL MARINAK VICE PRESIDENT AND FCRC 5.00
Officer Director
$0 $0 $0
RICHARD NORMAN SECRETARY AND DIRECTOR 6.00
Officer Director
$0 $0 $0
GLORIA J THOMPSON TREASURER AND DIRECTOR 2.00
Officer Director
$0 $0 $0
F PAT ROLL DIRECTOR AND FCRC 0.50
Director
$0 $0 $0
RAY KIRBY DIRECTOR AND fcrc 0.50
Director
$0 $0 $0
MATT SCHORR CHAIR NOM COMM AND CPC 0.50
Director
$0 $0 $0
ED CARBAUGH DIRECTOR AND FCRC 1.00
Director
$0 $0 $0
MATTHEW WEINSTEIN DIRECTOR 0.50
Director
$0 $0 $0
LISA ONEILL DIRECTOR AND FCRC 0.50
Director
$0 $0 $0
DAVID CARRE DIRECTOR AND CHAIR VOL COMM 0.50
Director
$0 $0 $0
MARCIA WASHINGTON DIRECTOR AND CPC 0.50
Director
$0 $0 $0
BRUCE WARREN DIRECTOR AND FCRC 0.50
Director Key Emp
$0 $0 $0
MIKE NICKELSBURG DIRECTOR CHAIR DR COM CO-CHA 10.00
Director
$0 $0 $0
STARR JANICKI DIRECTOR AND FCRC 50.00
Director
$0 $0 $0
RANDOLPH DUVAL DIRECTOR AND CO CHAIR CPC 0.50
Director
$0 $0 $0
MICHELLE HARRIS DIRECTOR AND VOL COMM 0.50
Director
$0 $0 $0
TRAVIS MARL DIRCTOR 0.50
Director
$0 $0 $0
GLEN SWEITZER JR DIRECTOR 0.50
Director
$0 $0 $0
MARIA ACEVEDO COMMISSIONER 0.00
Director
$0 $0 $0
SHERIDAN BARBER COMMISSIONER 0.00
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
2018 $97,974 $114,558 $54,253 $-16,584
2018 $97,974 $114,558 $54,253 $-16,584
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