EASTERN SHORE OF VIRGINIA HOUSING … - Form 990 Financial Data

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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

1980

Legal Domicile

Phone

7577872936

Tax Period

2023-07-01 to 2024-06-30

EASTERN SHORE OF VIRGINIA HOUSING ALLIANCE, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $602K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $1.3M represent 25 months of operating reserves.

Mission

THE EASTERN SHORE OF VIRGINIA HOUSING ALLIANCE IS A NONPROFIT ORGANIZATION THAT PROVIDES NEW AND REHABILITATED AFFORDABLE HOUSING, EITHER TO RENT OR TO OWN, TO RESIDENTS OF ACCOMACK AND NORTHAMPTON COUNTIES.

Program Service Accomplishments

Program 1

Expenses: $262,524

BAILEY ROAD APARTMENT PROJECT- A LOW INCOME HOUSING PROJECT STARTED BY THE ALLIANCE TO ASSIST IN PROVIDING LOW INCOME HOUSING FOR RESIDENTS OF ACCOMACK COUNTY.

Program 2

Expenses: $155,631

INDOOR PLUMBING AND REHABILITATION PROJECT - DESIGNED TO PROVIDE INDOOR PLUMBING AND STRUCTURAL REHABILITATION FOR LOW AND MODERATE INCOME HOUSEHOLDS.

Program 3

Expenses: $152,489

MANAGEMENT SERVICES FOR PROGRAMS AWARDED TO THE ESVHA FOR RESIDENTS OF NORTHAMPTON AND ACCOMACK COUNTIES.

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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 $446,557

Program Service Revenue $138,636

Investment Income $17,115

Other Revenue $0

TOTAL REVENUE $602,308

Expense Breakdown

Grants Paid $298,834

Salaries & Benefits $47,707

Fundraising Expenses $0

Program Expenses $570,644

Other Expenses $270,330

TOTAL EXPENSES $616,871

Year-over-Year Comparison

	2023	2022	Change
Revenue	$602,308	$768,294	-0.2%
Expenses	$616,871	$901,076	-0.3%
Net Income	$-14,563	$-132,782	-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

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

$175

Total Directors

$2,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN RICHARDSON	Director	1.00	Director	$210	$0	$210
MICHAEL SELBY	Director	1.00	Director	$210	$0	$210
DIANA GIDDENS	Director	1.00	Director	$210	$0	$210
ANGEL COLLINS	Director	1.00	Director	$210	$0	$210
SHENIA DAVIS	Director	1.00	Director	$175	$0	$175
BRIDGECHELLE WARNER	Director	1.00	Director	$175	$0	$175
DOREEN SIMMONS	Director	1.00	Director	$175	$0	$175
FAITH CUSTIS	President	1.00	Officer Director	$175	$0	$175
GRACIE MILBOURNE	Director	1.00	Director	$140	$0	$140
ALICE JONES	Director	1.00	Director	$140	$0	$140
IVORY TURNER	Director	1.00	Director	$140	$0	$140
MILDRED BLAKE	Director	1.00	Director	$105	$0	$105
ERNEST SMITH JR	Director	1.00	Director	$35	$0	$35
ELAINE MEIL	Secretary	5.00	Officer Director	$0	$0	$0

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	$602,308	$616,871	$4,581,595	$-14,563
2023	$768,294	$901,076	$4,436,336	$-132,782
2022	$579,185	$615,972	$4,699,195	$-36,787
2021	$591,464	$660,477	$4,843,660	$-69,013
2020	$1,176,030	$741,710	$4,914,538	$434,320
2019	$1,433,740	$454,428	$4,496,941	$979,312
2018	$495,089	$499,878	$964,240	$-4,789

EASTERN SHORE OF VIRGINIA HOUSING ALLIANCE