KEARNEY VILLA HOUSING CORPORATION

EIN: 431557527 501(c)(3)

SPRINGFIELD, MO

Total Revenue
$200,997
Total Expenses
$240,564
Total Assets
$422,401
Net Assets
$-447,390
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MO
Principal Officer
TREVOR LOGAN
Phone
3147276664
Tax Period
2023-01-01 to 2023-12-31

KEARNEY VILLA HOUSING CORPORATION, founded in 1990, is a small nonprofit that reported $201K in total revenue in fiscal year 2023. Expenses of $241K exceeded revenue, resulting in a 20% operating deficit.

Mission

KEARNEY VILLA HOUSING CORPORATION OWNS AND OPERATES A 31 UNIT APARTMENT COMPLEX THAT PROVIDES SAFE AND AFFORDABLE HOUSING TO VERY LOW INCOME FAMILIES. THE CORPORATION'S ACTIVITIES ARE OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY RULES AND REGULATIONS OF THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). HUD PROVIDED THE INITIAL LOAN TO CONSTRUCT THE FACILITY AND PROVIDES MUCH OF THE CONTINUING SUPPORT BY WAY OF MONTHLY RENT SUBSIDY SECTION 8 - HOUSING ASSISTANCE PAYMENTS FOR THE ELDERLY. THE LOAN WAS REFINANCED IN 2017. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES. ELIGIBLE LOW INCOME TENANTS PAY 30% OF THEIR INCOME AS RENT WHILE HUD PAYS THE DIFFERENCE BETWEEN THE CONTRACT RENT AND THE RENT PAID BY THE TENANT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $200,744
Investment Income $253
Other Revenue $0
TOTAL REVENUE $200,997

Expense Breakdown

Grants Paid $0
Salaries & Benefits $55,448
Fundraising Expenses $0
Program Expenses $213,467
Other Expenses $185,116
TOTAL EXPENSES $240,564

Year-over-Year Comparison

2023 2022 Change
Revenue $200,997 $195,151 +0.0%
Expenses $240,564 $223,503 +0.1%
Net Income $-39,567 $-28,352 +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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Governance

Voting Members
7
Independent Members
7
Employees
2
Volunteers
7

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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOYD HOMER DIRECTOR 0.10
Director
$0 $0 $0
JEREMY PICKENS DIRECTOR 0.10
Director
$0 $0 $0
WILLIAM REYNOLDS DIRECTOR 0.10
Director
$0 $0 $0
DANIEL ADAMS SECRETARY 0.10
Officer
$0 $0 $0
TREVOR LOGAN PRESIDENT 0.10
Officer
$0 $0 $0
GARY PICKENS TREASURER 0.10
Officer
$0 $0 $0
TONY PICKENS VICE PRESIDE 0.10
Officer
$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 No data No data No data No data
2023 $200,997 $240,564 $422,401 $-39,567
2022 $195,151 $223,503 $463,412 $-28,352
2021 $191,369 $205,428 $505,350 $-14,059
2020 $192,906 $199,360 $532,140 $-6,454
2019 $186,154 $203,135 $553,407 $-16,981
2018 $178,714 $288,042 $649,252 $-109,328
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