VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION (EIN 541378797) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

JESSICA GUGLIELMO

Phone

7574639516

Tax Period

2023-07-01 to 2024-06-30

VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION, founded in 1985, is a community nonprofit in the Community Improvement sector that reported $5.6M in total revenue in fiscal year 2017. Expenses of $6.5M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE HOUSING FOR LOW AND MODERATE INCOME FAMILIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,195,740

Program Service Revenue $5,116,034

Investment Income $-190,046

Other Revenue $15,077

TOTAL REVENUE $7,136,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,352,299

Fundraising Expenses $0

Program Expenses $7,443,625

Other Expenses $5,916,022

TOTAL EXPENSES $8,268,321

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,136,805	$7,936,723	-0.1%
Expenses	$8,268,321	$7,809,624	+0.1%
Net Income	$-1,131,516	$127,099	-9.9%

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

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

$165,533

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK MCKINNEY	PRESIDENT/CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTOPHER L BROWN	DIRECTOR	1.00	Director	$0	$0	$0
DR AUDREY B DOUGLAS-COOKE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
J DAVID CRAIN JR	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT EWELL	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW FRIEDMAN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MARSHALL BRICE	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY C JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
TIM MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
KAY ASHBY	DIRECTOR	1.00	Director	$0	$0	$0
GARY SHARPE	DIRECTOR	1.00	Director	$0	$0	$0
KINTE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY LALONDE	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA GUGLIELMO	CHIEF EXECUTIVE OFFICER	40.00	Officer	$148,140	$17,393	$165,533
KRISTAL H DAVIS	EMPLOYEE	40.00	Highest	$122,294	$52	$122,346

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	$7,136,805	$8,268,321	$33,954,192	$-1,131,516
2023	$7,936,723	$7,809,624	$35,715,518	$127,099
2022	$7,614,457	$7,404,821	$35,346,329	$209,636
2021	$8,715,709	$7,335,260	$35,859,352	$1,380,449
2020	$5,509,223	$6,165,812	$30,804,049	$-656,589
2019	$5,283,250	$6,079,641	$31,582,611	$-796,391
2018	$5,559,154	$6,470,604	$32,683,650	$-911,450

VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION