THE RESIDENTIAL CORPORATION

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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

1984

Legal Domicile

Phone

7576256161

Tax Period

2024-07-01 to 2025-06-30

THE RESIDENTIAL CORPORATION, founded in 1984, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $2.5M left a modest 14% surplus.

Mission

TO PROVIDE SAFE AND AFFORDABLE HOUSING TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITES IN AN INTEGRATED COMMUNITY SETTING.

Program Service Accomplishments

Program 1

Expenses: $1,780,451 Revenue: $1,025,935

THE RESIDENTIAL CORPORATION IS A 501(C)(4) NOT-FOR-PROFIT ORGANIZATION THAT PROVIDES SAFE AND AFFORDABLE HOUSING (APARTMENTS) TO APPROXIMATELY 80 ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL...

THE RESIDENTIAL CORPORATION IS A 501(C)(4) NOT-FOR-PROFIT ORGANIZATION THAT PROVIDES SAFE AND AFFORDABLE HOUSING (APARTMENTS) TO APPROXIMATELY 80 ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN CITIES THROUGHOUT HAMPTON ROADS. MANY OF THE APARTMENTS ARE ALSO AVAILABLE TO MEMBERS OF THE COMMUNITY-AT-LARGE, MANY WHO QUALIFY AS LOW-INCOME IN ACCORDANCE WITH INCOME LIMITS PUBLISHED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $52,150

Program Service Revenue $984,679

Investment Income $40,429

Other Revenue $1,843,441

TOTAL REVENUE $2,920,699

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,780,451

Other Expenses $2,524,011

TOTAL EXPENSES $2,524,011

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,920,699	$7,409,474	-0.6%
Expenses	$2,524,011	$2,231,729	+0.1%
Net Income	$396,688	$5,177,745	-0.9%

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

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

$125,041

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW VAKOS	VICE-PRESIDENT	2.0	Officer Director	$0	$0	$0
BRYAN FOWLER	SECRETARY	2.0	Officer Director	$0	$0	$0
JAMES MCCUNE	TREASURER	2.0	Officer Director	$0	$0	$0
JENNIFER HARRIS	PRESIDENT	2.0	Officer Director	$0	$0	$0
ALTAY UZUN	DIRECTOR	0.2	Director	$0	$0	$0
PAMELA KATRANCHA	DIRECTOR	0.2	Director	$0	$0	$0
RICHARD C MAPP III	DIRECTOR	0.2	Director	$0	$0	$0
SCOTT GUIRLINGER	DIRECTOR	0.2	Director	$0	$0	$0
SHANNON POCIASK	EXECUTIVE DIRECTOR	5.0	Officer	$0	$5,400	$125,041

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	$2,920,699	$2,524,011	$17,032,407	$396,688
2024	$7,409,474	$2,231,729	$16,756,346	$5,177,745
2023	$1,843,221	$1,907,145	$11,583,099	$-63,924
2022	$824,782	$875,685	$11,817,027	$-50,903
2021	$942,011	$824,639	$12,006,617	$117,372
2020	$976,308	$734,284	$12,095,558	$242,024
2019	$1,117,448	$888,693	$12,100,129	$228,755