KEY BOULEVARD HOUSING DEVELOPMENT CORPORATION

EIN: 541251222 501(c)(3)

ARLINGTON, VA

Total Revenue
$729,559
Total Expenses
$627,057
Total Assets
$3,320,685
Net Assets
$711,334
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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
1983
Legal Domicile
VA
Principal Officer
PAUL BERNARD
Phone
7034860626
Tax Period
2023-01-01 to 2023-12-31

KEY BOULEVARD HOUSING DEVELOPMENT CORPORATION, founded in 1983, is a small nonprofit that reported $730K in total revenue in fiscal year 2023. Expenses of $627K left a modest 14% surplus.

Mission

TO ASSIST IN THE OPERATIONS OF DECENT, SAFE, AFFORDABLE HOUSING FOR LOW INCOME PERSONS.

Program Service Accomplishments

Program 1
Expenses: $568,774 Revenue: $729,559

KEY BOULEVARD HOUSING DEVELOPMENT CORPORATION CONSISTS OF SIX MARKET-RATE APARTMENTS WITH NO INCOME QUALIFICATIONS AND 40 AFFORDABLE APARTMENTS AVAILABLE TO INDIVIDUALS EARNING UP TO 80% OF THE AREA...

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KEY BOULEVARD HOUSING DEVELOPMENT CORPORATION CONSISTS OF SIX MARKET-RATE APARTMENTS WITH NO INCOME QUALIFICATIONS AND 40 AFFORDABLE APARTMENTS AVAILABLE TO INDIVIDUALS EARNING UP TO 80% OF THE AREA MEDIAN INCOME. IN 2021, A MODEST REHAB WAS COMPLETED AND 5 UNITS WERE ADDED TO THE BUILDING. RESIDENT SERVICES PROVIDED EVICTION PREVENTION AND RENTAL ASSISTANCE AS WELL AS GROCERIES AND FOOD DISTRIBUTION TO RESIDENTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $729,559
Investment Income $0
Other Revenue $0
TOTAL REVENUE $729,559

Expense Breakdown

Grants Paid $0
Salaries & Benefits $112,538
Fundraising Expenses $0
Program Expenses $568,774
Other Expenses $514,519
TOTAL EXPENSES $627,057

Year-over-Year Comparison

2023 2022 Change
Revenue $729,559 $750,768 0.0%
Expenses $627,057 $751,981 -0.2%
Net Income $102,502 $-1,213 -85.5%
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

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Governance

Voting Members
5
Independent Members
N/A
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
5
$1,367,536
Total Directors
5
$1,367,536
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL BERNARD PRESIDENT 1.00
Officer Director
$0 $20,307 $366,911
KENNETH CRAWFORD VICE PRESIDENT 1.00
Officer Director
$0 $8,363 $169,893
STEVE YEATMAN TREASURER 1.00
Officer Director
$0 $33,849 $302,246
JENNIFER ENDO SECRETARY 1.00
Officer Director
$0 $28,589 $224,063
ALAN GOLDSTEIN VICE PRESIDENT UNTIL 9/23 1.00
Officer Director
$0 $36,348 $304,423
WALTER WEBDALE FORMER PRESIDENT 0.00
$0 $0 $129,813
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 $729,559 $627,057 $3,320,685 $102,502
2022 $750,768 $751,981 $3,492,815 $-1,213
2021 $684,194 $988,096 $3,506,266 $-303,902
2020 $644,503 $568,144 $3,125,785 $76,359
2019 $596,729 $561,651 $1,892,319 $35,078
2018 $552,130 $547,261 $1,856,606 $4,869
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