Housing Capital Corporation of Virginia (EIN 541594102) - 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

1991

Legal Domicile

Principal Officer

Robert L Newman

Phone

8043431200

Tax Period

2023-01-01 to 2023-12-31

Housing Capital Corporation of Virginia, founded in 1991, is a small nonprofit that reported $999K in total revenue in fiscal year 2018. Expenses of $1.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

Affordable Housing

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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 $0

Program Service Revenue $1,233,186

Investment Income $19,889

Other Revenue $0

TOTAL REVENUE $1,253,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $587,382

Fundraising Expenses $0

Program Expenses $1,626,918

Other Expenses $1,118,867

TOTAL EXPENSES $1,706,249

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,253,075	$1,157,278	+0.1%
Expenses	$1,706,249	$1,183,061	+0.4%
Net Income	$-453,174	$-25,783	+16.6%

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

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

$844,693

Total Directors

$844,693

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert L Newman	President	4.00	Officer Director	$0	$52,191	$284,972
Chris Sterling	Vice-President	4.00	Officer Director	$0	$40,612	$204,167
Bernard Rogers	Secretary	4.00	Officer Director	$0	$39,491	$170,847
Russell V Parrish	Treasurer	4.00	Officer Director	$0	$45,537	$184,707

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	$1,253,075	$1,706,249	$1,346,104	$-453,174
2022	$1,157,278	$1,183,061	$1,774,842	$-25,783
2021	$1,125,044	$1,179,333	$1,750,419	$-54,289
2020	$1,100,917	$1,413,132	$1,841,762	$-312,215
2019	$1,055,125	$1,253,226	$2,119,573	$-198,101
2018	$998,727	$1,169,273	$2,309,524	$-170,546

Housing Capital Corporation of Virginia