ELIZABETH RIVER PROPERTIES

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

BRENT NIELSON

Phone

7572549350

Tax Period

2023-07-01 to 2024-06-30

ELIZABETH RIVER PROPERTIES, founded in 1992, is a small nonprofit that reported $170K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 1128% operating deficit.

Mission

PROVIDE SAFE AND AFFORDABLE HOUSING OPTIONS AND OPPORTUNITIES TO CHESAPEAKE RESIDENTS WHO EXPERIENCE MENTAL HEALTH, INTELLECTUAL DISABILITY, AND SUBSTANCEUSE DISORDERS.

Program Service Accomplishments

Program 1

Expenses: $2,068,278 Revenue: $153,167

RENTAL OF 20 PROPERTIES PROVIDING HOUSING TO PERSONS WHO EXPERIENCE A BEHAVIORAL HEALTH ISSUES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $153,167

Investment Income $18

Other Revenue $17,247

TOTAL REVENUE $170,432

Expense Breakdown

Grants Paid $1,889,189

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,068,278

Other Expenses $203,186

TOTAL EXPENSES $2,092,375

Year-over-Year Comparison

	2023	2022	Change
Revenue	$170,432	$225,896	-0.2%
Expenses	$2,092,375	$227,005	+8.2%
Net Income	$-1,921,943	$-1,109	+1732.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH NICHOLS JR	PRESIDENT	2	Officer Director	$0	$0	$0
VICKIE HARALSON	PRESIDENT	2	Officer Director	$0	$0	$0
BRENT NIELSON	SECRETARY	2	Officer Director	$0	$0	$0
ARIAMANDA MANDY WARD	TREASURER	1	Officer Director	$0	$0	$0
PAULA Y JOHNSON-IRBY	DIRECTOR	1	Director	$0	$0	$0
MARCIA CLEMENTS	DIRECTOR	1	Director	$0	$0	$0
SHERRIE BRIDGEMAN	DIRECTOR	1	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	$170,432	$2,092,375	$61,535	$-1,921,943
2023	$225,896	$227,005	$1,996,067	$-1,109
2022	$202,522	$185,669	$1,997,867	$16,853
2021	$243,247	$198,015	$1,985,905	$45,232
2020	$161,888	$212,752	$1,927,517	$-50,864
2019	$125,569	$165,540	$1,984,586	$-39,971
2018	$132,454	$180,297	$2,021,059	$-47,843