WASHINGTON AREA VILLAGES EXCHANGE

EIN: 371718601 501(c)(3) Human Services

Alexandria, VA

Total Revenue
$495,248
Total Expenses
$96,767
Total Assets
$459,484
Net Assets
$445,184
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
VA
Principal Officer
Wendy Zenker
Phone
5716890019
Tax Period
2025-01-01 to 2025-12-31

WASHINGTON AREA VILLAGES EXCHANGE, founded in 2012, is a small nonprofit in the Human Services sector that reported $495K in total revenue in fiscal year 2025. Revenue surged 464% from the prior year, signaling strong growth momentum. The organization ran a surplus of $398K, a strong 80% operating margin.

Mission

The Washington Area Villages Exchange (WAVE) brings together nonprofit villages in the wider Washington DC region to learn and grow by sharing experiences and ideas.

Program Service Accomplishments

Program 1
Expenses: $67,497 Revenue: $93,310

The Washington Area Villages Exchange (WAVE) is a regional organization that supports over 80 nonprofit Villages in Maryland, Virginia, West Virginia, and the District of Columbia. While all Villages...

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The Washington Area Villages Exchange (WAVE) is a regional organization that supports over 80 nonprofit Villages in Maryland, Virginia, West Virginia, and the District of Columbia. While all Villages embody a mission of helping older adults age in place, an increasing number are multigenerational with a focus on creating supportive community networks. WAVE is dedicated to providing a platform for Villages to learn from one another, share resources and exchange ideas so that they may better serve the needs of older adults in our region. WAVE's board members are active Village leaders who have extensive experience in aging, health, and organizational management and the organization works in partnership with the national Village to Village Network. WAVE provides diverse educational programming and networking opportunities that strengthen and promote developing and established Villages and sponsors awards recognizing excellence and innovation in Village programming and services. Additionally, WAVE's website hosts a wide range of resources and research relevant to Villages, an archive of past programs, and a shared events calendar accessible to all members. WAVE has been awarded grants from the Maryland Department of Aging to provide resources and services to new and developing Villages in Maryland and to develop a pilot program to expand Village data collection and analysis.

Program 2
Expenses: $18,891 Revenue: $400,000

WAVE was selected to be the fiscal sponsor for the Aging Well with Virginia Villages program, funded by the Virginia Department of Aging and Rehabilitative Services through the local governmental...

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WAVE was selected to be the fiscal sponsor for the Aging Well with Virginia Villages program, funded by the Virginia Department of Aging and Rehabilitative Services through the local governmental unit of Fairfax County in the amount of $400,000. The purpose of this program is to promote the sustainability of existing villages and start new villages in Virginia.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $476,504
Program Service Revenue $16,739
Investment Income $2,005
Other Revenue $0
TOTAL REVENUE $495,248

Expense Breakdown

Grants Paid $6,500
Salaries & Benefits $0
Fundraising Expenses $692
Program Expenses $86,388
Other Expenses $90,267
TOTAL EXPENSES $96,767

Year-over-Year Comparison

2025 2024 Change
Revenue $495,248 $87,751 +4.6%
Expenses $96,767 $64,762 +0.5%
Net Income $398,481 $22,989 +16.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
25

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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Laila Riazi President 5
Officer Director
$0 $0 $0
Wendy Zenker Treasurer 3
Officer Director
$0 $0 $0
Maryann Long Secretary 1
Officer Director
$0 $0 $0
Jim Sanders Vice President 1
Officer Director
$0 $0 $0
Arkia Wade Vice President 1
Officer Director
$0 $0 $0
Doug Gaddis Director 1
Director
$0 $0 $0
Morgan Gopnik Director 1
Director
$0 $0 $0
Elizabeth Haile Director 1
Director
$0 $0 $0
Eva Lucero Director 1
Director
$0 $0 $0
Carol Paquette Director 1
Director
$0 $0 $0
Leo Sanchez Director 1
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
2025 $495,248 $96,767 $459,484 $398,481
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