WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA (EIN 510155779) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

KAMILAH MCAFEE

Phone

7036423830

Tax Period

2023-01-01 to 2023-12-31

WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA, founded in 1974, is a mid-sized nonprofit that reported $10.6M in total revenue in fiscal year 2019. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 18% operating margin.

Mission

PROVIDES SERVICES ASSISTING AFFORDABLE HOUSING DEVELOPMENT FOR LOW AND MODERATE INCOME PERSONS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,676,495

Program Service Revenue $4,430,676

Investment Income $865,007

Other Revenue $0

TOTAL REVENUE $13,972,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,465,818

Fundraising Expenses $243,767

Program Expenses $13,621,181

Other Expenses $8,452,093

TOTAL EXPENSES $14,917,911

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,972,178	$11,248,195	+0.2%
Expenses	$14,917,911	$10,177,726	+0.5%
Net Income	$-945,733	$1,070,469	-1.9%

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

150

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

$372,701

Total Directors

$372,701

Key Employees

$869,511

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW VINCENT	BOARD MEMBER	0.20	Director	$0	$0	$0
ARIANNA K ROYSTER CPM ARM	BOARD MEMBER	0.20	Director	$0	$0	$0
BROOKE COOPER	BOARD MEMBER	0.20	Director	$0	$0	$0
JOHN W GIBB	CHAIR - OUTGOING	0.20	Officer Director	$0	$0	$0
JUNE STOWE	BOARD MEMBER	0.20	Director	$0	$0	$0
JUSTINE FITZGERALD	BOARD MEMBER	0.20	Director	$0	$0	$0
KAMILAH MCAFEE	PRESIDENT, CEO	40.00	Officer Director	$268,165	$24,303	$292,468
KENNETH C WU	SECRETARY	0.20	Officer Director	$0	$0	$0
KIMBERLY P ARMSTRONG	TREASURER	0.20	Officer Director	$0	$0	$0
MALANDA WORRELL	VICE CHAIR	0.20	Officer Director	$0	$0	$0
MARCIA BRADFORD	BOARD MEMBER	0.20	Director	$0	$0	$0
MICHAEL T CRANNA	CHAIR	0.20	Officer Director	$0	$0	$0
NANCY MINTER	BOARD MEMBER	0.20	Director	$0	$0	$0
REV DR SARAH CALVERT	BOARD MEMBER	0.20	Director	$0	$0	$0
SHELLEY MURPHY	PRESIDENT, DIRECTOR - OUTGOING	40.00	Officer Director	$77,043	$3,190	$80,233
SUZANNE MORAN	BOARD MEMBER	0.20	Director	$0	$0	$0
CHRIS CHERRY	CFO	40.00	Key Emp	$237,791	$18,685	$256,476
FRANK MOONEY	PRESIDENT, PROPERTY MANAGEM	40.00	Key Emp	$187,084	$24,191	$211,275
MARY KATHLEEN MEJASICH	COO, DIRECTOR OF EXTERNAL RELAT	40.00	Key Emp	$198,339	$17,202	$215,541
OLUDOLAPO GEORGE	VP, ASSET MANAGEMENT	40.00	Key Emp	$163,437	$22,782	$186,219
JUDITH CABELLI	DIRECTOR, REAL ESTATE DEVE	40.00	Highest	$197,829	$8,848	$206,677

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	$13,972,178	$14,917,911	$84,503,367	$-945,733
2022	$11,248,195	$10,177,726	$38,314,671	$1,070,469
2021	$12,100,793	$7,442,230	$44,230,535	$4,658,563
2020	$16,794,588	$8,170,339	$49,124,069	$8,624,249
2019	$10,596,705	$8,677,867	$49,945,881	$1,918,838

WESLEY HOUSING DEVELOPMENT CORPORATION OF NORTHERN VIRGINIA