Old Town VOA Affordable Housing Inc (EIN 465221620) - 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

2013

Legal Domicile

Principal Officer

Keith Gibson

Phone

2073731140

Tax Period

2023-07-01 to 2024-06-30

Old Town VOA Affordable Housing Inc, founded in 2013, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 14% surplus.

Mission

Provide housing for low income elderly persons.

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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 $200,000

Program Service Revenue $1,361,975

Investment Income $4,842

Other Revenue $0

TOTAL REVENUE $1,566,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,131,293

Other Expenses $1,350,406

TOTAL EXPENSES $1,350,406

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,566,817	$1,282,974	+0.2%
Expenses	$1,350,406	$1,263,663	+0.1%
Net Income	$216,411	$19,311	+10.2%

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

$395,410

Total Directors

$215,480

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Hooks Wayman	President/CEO	0.10	Officer Director	$0	$96,854	$215,480
Brad MacDonald	Director	0.10	Director	$0	$0	$0
Eric French	Director	0.10	Director	$0	$0	$0
Terry Baldwin	COO	0.10	Officer	$0	$12,374	$143,236
Keith Gibson	CFO & Treasurer/Secretary	0.10	Officer	$0	$0	$12,499
Pamela Zagorski	Past CFO & Treasurer/Secretary	0.10	Officer	$0	$0	$24,195

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	$1,566,817	$1,350,406	$3,378,744	$216,411
2023	$1,282,974	$1,263,663	$3,394,016	$19,311
2022	$1,247,025	$1,302,102	$3,478,880	$-55,077
2021	$1,223,789	$1,237,926	$3,715,650	$-14,137
2020	$1,213,965	$1,219,024	$3,753,969	$-5,059
2019	$1,178,483	$1,207,988	$3,652,818	$-29,505

Old Town VOA Affordable Housing Inc