VOA NATIONAL HOUSING CORPORATION (EIN 520886223) - 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

1996

Legal Domicile

Principal Officer

JOSEPH BUDZYNSKI

Phone

9529410305

Tax Period

2023-07-01 to 2024-06-30

VOA NATIONAL HOUSING CORPORATION, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $817K, a strong 24% operating margin.

Mission

ESTABLISHED IN 1976, VOLUNTEERS OF AMERICA NATIONAL HOUSING CORPORATION'S PRIMARY PURPOSE IS TO OPERATE A RELIGIOUS, MISSIONARY AND WELFARE SOCIETY, HUMANITARIAN IN METHOD AND HAVING FOR ITS OBJECT AND PURPOSES THE REACHING AND UPLIFTING OF PEOPLE, EXTENDING AID, BOTH SPIRITUAL AND MATERIAL TO ALL PERSONS WHO MAY COME WITHIN THE SPHERE OF ITS INFLUENCE. THE ORGANIZATION MAY BUY AND SELL REAL ESTATE, DEVELOP SERVICES AND HOUSING FOR THE DISADVANTAGED, DISABLED AND ELDERLY, AND MANAGE SAID HOUSING.

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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 $1,218,300

Program Service Revenue $2,185,015

Investment Income $25,693

Other Revenue $0

TOTAL REVENUE $3,429,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $771,468

Fundraising Expenses $0

Program Expenses $2,516,923

Other Expenses $1,840,320

TOTAL EXPENSES $2,611,788

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,429,008	$2,408,525	+0.4%
Expenses	$2,611,788	$4,010,590	-0.3%
Net Income	$817,220	$-1,602,065	-1.5%

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

180

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

$3,236,490

Total Directors

$825,085

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KING MICHAEL W	PRESIDENT	3.00	Officer Director	$0	$179,300	$825,085
RASE NANCY	CHAIRPERSON	0.10	Officer Director	$0	$0	$0
PERKINSDERRICK	VICE CHAIR	0.10	Officer Director	$0	$0	$0
ERICKSON KAREN	TREASURER	0.10	Officer Director	$0	$0	$0
EDEBURN ANDY	SECRETARY	0.10	Officer Director	$0	$0	$0
ARNOLD PATTI	DIRECTOR	0.10	Director	$0	$0	$0
BLOOM SHAWN	DIRECTOR	0.10	Director	$0	$0	$0
CARRINGTON EDWINA	DIRECTOR	0.10	Director	$0	$0	$0
HACKETT KAREN	DIRECTOR	0.10	Director	$0	$0	$0
KNAPP KEITH	DIRECTOR	0.10	Director	$0	$0	$0
MULLEN BETH	DIRECTOR	0.10	Director	$0	$0	$0
PETERSON JEANNE	DIRECTOR	0.10	Director	$0	$0	$0
SHERIDAN PATRICK	DIRECTOR	0.10	Director	$0	$0	$0
VIGEE VORIS	DIRECTOR	0.10	Director	$0	$0	$0
VIGILANCE PIERRE	DIRECTOR	0.10	Director	$0	$0	$0
BUDZYNSKI JOSEPH A	ASST. TREASURER/ASST. SECRETARY	3.00	Officer	$0	$108,473	$449,025
KING KIMBERLY B	ASST. TREASURER/ASST. SECRETARY	3.00	Officer	$0	$72,837	$505,657
DESJARDINS PETER J	ASST. TREASURER/ASST. SECRETARY	3.00	Officer	$0	$40,162	$298,349
PASKOFF DAVID W	ASST. TREASURER/ASST. SECRETARY	3.00	Officer	$0	$17,712	$185,098
GAVIN NANCY A	ASST. SECRETARY/ASST. TREASURER	3.00	Officer	$0	$95,108	$275,370
NUTZ FAITH A	ASST. SECRETARY/ASST. TREASURER	3.00	Officer	$0	$20,965	$159,860
NISIVOCCIA DAVID	ASST. TREASURER/ASST. SECRETARY	3.00	Officer	$0	$4,998	$220,517
SOCZYNSKI PAUL F	ASST. TREASURER/ASST. SECRETARY	3.00	Officer	$0	$26,987	$317,529

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	$3,429,008	$2,611,788	$4,845,292	$817,220
2023	$2,408,525	$4,010,590	$1,807,946	$-1,602,065
2022	$2,958,822	$1,452,102	$4,439,203	$1,506,720
2021	$2,852,448	$2,585,128	$3,685,138	$267,320
2020	$3,253,770	$3,257,672	$2,352,779	$-3,902
2019	$3,368,254	$3,592,368	$2,984,259	$-224,114
2018	$2,845,664	$3,167,208	$20,805,342	$-321,544

VOA NATIONAL HOUSING CORPORATION