BETTER HOUSING COALITION (EIN 541479059) - 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

1988

Legal Domicile

Principal Officer

JULIE HOVERMALE

Phone

8046440546

Tax Period

2024-01-01 to 2024-12-31

Better Housing Coalition, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $4.9M in total revenue in fiscal year 2018. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 33% operating margin.

Mission

TO DEVELOP AFFORDABLE HOUSING COMMUNITIES IN THE RICHMOND, VIRGINIA METROPOLITAN AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $11,336,792

Program Service Revenue $170,688

Investment Income $202,692

Other Revenue $276,894

TOTAL REVENUE $11,987,066

Expense Breakdown

Grants Paid $5,254,264

Salaries & Benefits $2,565,345

Fundraising Expenses $187,828

Program Expenses $8,099,131

Other Expenses $1,218,666

TOTAL EXPENSES $9,038,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,987,066	$7,436,643	+0.6%
Expenses	$9,038,275	$5,232,044	+0.7%
Net Income	$2,948,791	$2,204,599	+0.3%

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

$864,993

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRETA HARRIS	PRESIDENT & CEO	40.00	Officer	$355,493	$61,369	$416,862
JULIE HOVERMALE	VICE PRESIDENT & CFO	40.00	Officer	$211,748	$15,684	$227,432
ALANA GONZALEZ	CHIEF OPERATING OFFICER	40.00	Officer	$217,382	$3,317	$220,699
MATT SCAPARRO	VP OF PROPERTY MANAGEMENT	40.00	Highest	$132,547	$23,484	$156,031
LEE ALFORD	DIRECTOR OF MULTI-FAMILY DEVEL	40.00	Highest	$132,613	$25,780	$158,393
TODD WALDO	CHAIR	2.00	Officer Director	$0	$0	$0
KRISTIN SWANLUND	VICE CHAIR	2.00	Officer Director	$0	$0	$0
VERONICA FLEMING	SECRETARY	2.00	Officer Director	$0	$0	$0
RICHARD DICKINSON	TREASURER	2.00	Officer Director	$0	$0	$0
ATMA IYER	IMMEDIATE PAST CHAIR	2.00	Director	$0	$0	$0
SARAH BROOKS	DIRECTOR	2.00	Director	$0	$0	$0
REV DR ROBERT DIGGS	DIRECTOR	2.00	Director	$0	$0	$0
DUKE DODSON	DIRECTOR	2.00	Director	$0	$0	$0
DR LORI DWYER	DIRECTOR	2.00	Director	$0	$0	$0
CHERYL GROCE-WRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
LINDA T HINES	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA BRADBY MOORE	DIRECTOR	2.00	Director	$0	$0	$0
CAROLYN REWANE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID RING	DIRECTOR	2.00	Director	$0	$0	$0
PAUL SHEEHY	DIRECTOR	2.00	Director	$0	$0	$0
ZANAS TALLEY	DIRECTOR	2.00	Director	$0	$0	$0
BEVERLY WALKER	DIRECTOR	2.00	Director	$0	$0	$0
VIDA WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
LISSY S BRYAN	PAST CHAIR	2.00	Director	$0	$0	$0
CARTER MCDOWELL	CO-FOUNDER	2.00	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
2024	$11,987,066	$9,038,275	$53,411,800	$2,948,791
2023	$7,436,643	$5,232,044	$48,245,699	$2,204,599
2022	$7,381,131	$3,661,616	$35,711,491	$3,719,515
2021	$8,750,898	$3,887,785	$28,801,812	$4,863,113
2020	$7,002,341	$3,207,584	$20,797,496	$3,794,757
2019	$4,941,478	$2,856,399	$16,090,545	$2,085,079
2018	$4,850,569	$3,226,301	$12,946,943	$1,624,268

BETTER HOUSING COALITION