VELVA RENTAL HOUSING INC (EIN 450333793) - 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

1976

Legal Domicile

Principal Officer

LINDA BEALL

Phone

7013898353

Tax Period

2023-01-01 to 2023-12-31

VELVA RENTAL HOUSING INC, founded in 1976, is a small nonprofit that reported $168K in total revenue in fiscal year 2023. Expenses of $216K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROMOTE THE GENERAL SOCIAL WELFARE OF THE COMMUNITY, AND FOR THAT PURPOSE ACQUIRE CONSTRUCT, PROVIDE, AND OPERATE RENTAL HOUSING AND RELATED FACILITIES SUITED TO THE SPECIAL NEEDS AND LIVING REQUIREMENTS OF ELDERLY RURAL RESIDENTS OF LOW OR MODERATE INCOME OR OTHER RURAL RESIDENTS OF LOW INCOME.

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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 $18,728

Program Service Revenue $147,206

Investment Income $120

Other Revenue $1,974

TOTAL REVENUE $168,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $177,742

Other Expenses $216,070

TOTAL EXPENSES $216,070

Year-over-Year Comparison

	2023	2022	Change
Revenue	$168,028	$156,759	+0.1%
Expenses	$216,070	$208,144	+0.0%
Net Income	$-48,042	$-51,385	-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

N/A

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

Total Directors

$6,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA BEALL	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAM JEMTRUD	DIRECTOR	1.00	Director	$6,600	$0	$6,600
LANCE SELZLER	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
VIRGINIA ODDEN	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$168,028	$216,070	$622,405	$-48,042
2022	$156,759	$208,144	$669,995	$-51,385
2021	$157,445	$205,499	$718,179	$-48,054
2020	$193,980	$198,210	$788,977	$-4,230
2019	$164,937	$202,103	$819,314	$-37,166
2018	$178,485	$221,706	$884,295	$-43,221

VELVA RENTAL HOUSING INC