BETTER HOUSING COALITION

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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

1988

Legal Domicile

Principal Officer

JULIE HOVERMALE

Phone

8046440546

Tax Period

2025-01-01 to 2025-12-31

BETTER HOUSING COALITION, founded in 1988, is a mid-sized nonprofit in the Housing & Shelter sector that reported $20.1M in total revenue in fiscal year 2025. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.4M, a strong 37% operating margin.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $11,666,525 Revenue: $18,345,122

DEVELOPMENT AND/OR RENOVATION FOR AFFORDABLE HOUSING AND ASSISTANCE OF COMMUNITY HOUSING ORGANIZATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $18,442,632

Program Service Revenue $240,688

Investment Income $713,611

Other Revenue $656,537

TOTAL REVENUE $20,053,468

Expense Breakdown

Grants Paid $8,697,025

Salaries & Benefits $2,644,178

Fundraising Expenses $197,455

Program Expenses $11,666,525

Other Expenses $1,312,597

TOTAL EXPENSES $12,653,800

Year-over-Year Comparison

	2025	2024	Change
Revenue	$20,053,468	$11,987,066	+0.7%
Expenses	$12,653,800	$9,038,275	+0.4%
Net Income	$7,399,668	$2,948,791	+1.5%

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

Governance

Voting Members

Independent Members

Employees

101

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

$969,886

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRETA HARRIS	PRESIDENT & CEO	40.00	Officer	$374,232	$89,194	$463,426
JULIE HOVERMALE	VICE PRESIDENT & CFO	40.00	Officer	$231,560	$24,385	$255,945
ALANA GONZALEZ	CHIEF OPERATING OFFICER	40.00	Officer	$236,233	$14,282	$250,515
LEE ALFORD	DIRECTOR OF MULTI-FAMILY DEVEL	40.00	Highest	$144,135	$26,710	$170,845
KATHIE FORS	PROPERTY CONTROLLER	40.00	Highest	$113,348	$7,226	$120,574
KRISTIN SWANLUND	CHAIR	2.00	Officer Director	$0	$0	$0
ZANAS TALLEY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SARAH BROOKS	SECRETARY	2.00	Officer Director	$0	$0	$0
JUDY OLIVE	TREASURER	2.00	Officer Director	$0	$0	$0
TODD WALDO	IMMEDIATE PAST CHAIR	2.00	Director	$0	$0	$0
NATHALIA ARTUS	DIRECTOR	2.00	Director	$0	$0	$0
KAREN BUCHANAN	DIRECTOR	2.00	Director	$0	$0	$0
REV DR ROBERT DIGGS	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
PAUL SHEEHY	DIRECTOR	2.00	Director	$0	$0	$0
VIDA WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
W MARTIN 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
2025	$20,053,468	$12,653,800	$62,253,713	$7,399,668
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