THE RESIDENTIAL CORPORATION

EIN: 521347380

NORFOLK, VA

Total Revenue
$2,920,699
Total Expenses
$2,524,011
Total Assets
$17,032,407
Net Assets
$11,878,648
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
VA
Phone
7576256161
Tax Period
2024-07-01 to 2025-06-30

The Residential Corporation, founded in 1984, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2018. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $229K, a strong 20% operating margin.

Mission

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

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
17

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
5
$125,041
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
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