CENTRAL VIRGINIA 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

CARL BARDY

Phone

5406049943

Tax Period

2024-07-01 to 2025-06-30

CENTRAL VIRGINIA HOUSING COALITION, founded in 1988, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $6.8M represent 34 months of operating reserves.

Mission

CENTRAL VIRGINIA HOUSING COALITION IMPROVES THE REGIONAL QUALITY OF LIFE BY PROVIDING AFFORDABLE HOUSING OPPORTUNITIES TO LOW INCOME FAMILIES THROUGH COALITION, EDUCATION, COUNSELING, AND FINANCIAL ASSISTANCE.

Program Service Accomplishments

Program 1

Expenses: $2,434,008

CENTRAL VIRGINIA HOUSING COALITION OFFERS HUD CERTIFIED COUNSELING TO EDUCATE FAMILIES AND INDIVIDUALS ON PRE-PURCHASE COUNSELING AND PRE- FORECLOSURE COUNSELING. THE VIRGINIA HOUSING HOME BUYER...

CENTRAL VIRGINIA HOUSING COALITION OFFERS HUD CERTIFIED COUNSELING TO EDUCATE FAMILIES AND INDIVIDUALS ON PRE-PURCHASE COUNSELING AND PRE- FORECLOSURE COUNSELING. THE VIRGINIA HOUSING HOME BUYER EDUCATION CLASS PROVIDES INFORMATION TO PEOPLE LOOKING TO PURCHASE A HOME. CENTRAL VIRGINIA HOUSING COALITION ALSO ADMINISTERS THE HOUSING CHOICE VOUCHER PROGRAM FOR PLANNING DISTRICT 16 AND FAUQUIER COUNTY. ADDITIONALLY, CENTRAL VIRGINIA HOUSING COALITION PROVIDES OVER 170 AFFORDABLE HOUSING UNITS FOR RENT THROUGHOUT PLANNING DISTRICT 16.

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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 (2024)

Revenue Breakdown

Contributions & Grants $142,754

Program Service Revenue $2,145,136

Investment Income $134,984

Other Revenue $9,539

TOTAL REVENUE $2,432,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,494,817

Fundraising Expenses $1,456

Program Expenses $2,434,008

Other Expenses $1,039,203

TOTAL EXPENSES $2,534,020

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,432,413	$2,193,218	+0.1%
Expenses	$2,534,020	$2,406,092	+0.1%
Net Income	$-101,607	$-212,874	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW RATHBUN	PRESIDENT	5.00	Officer Director	$0	$0	$0
KEVIN FASTBEND	PAST PRESIDE	5.00	Officer Director	$0	$0	$0
ROBERT CRUTCHFIELD	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
BRUCE ADKINS	TREASURER	5.00	Officer Director	$0	$0	$0
KIM MCCLELLAN	SECRETARY	5.00	Officer Director	$0	$0	$0
MOLLY FLURRY	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY JANNEY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
LEIGH SNYDER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN DOEPP	DIRECTOR	1.00	Director	$0	$0	$0
COLIN WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
RAND SOMPAYRAC	DIRECTOR	1.00	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	$2,432,413	$2,534,020	$8,899,202	$-101,607
2024	$2,193,218	$2,406,092	$9,175,888	$-212,874
2023	$2,009,408	$2,207,909	$9,544,711	$-198,501
2022	$2,352,592	$1,794,464	$9,892,220	$558,128
2021	$1,930,249	$1,760,050	$9,595,191	$170,199
2020	$2,051,548	$1,546,885	$10,018,177	$504,663
2019	$1,682,408	$1,416,627	$8,388,838	$265,781