Old Dominion University Real Estate Foundatio

EIN: 541744996 501(c)(3) Unknown

NORFOLK, VA

Total Revenue
$4,700,237
Total Expenses
$3,613,498
Total Assets
$74,806,870
Net Assets
$26,538,279
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
VA
Principal Officer
TARA SAUNDERS
Phone
7576834524
Tax Period
2023-01-01 to 2023-12-31

Old Dominion University Real Estate Foundatio, founded in 1995, is a community nonprofit in the Unknown sector that reported $4.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 23% operating margin.

Mission

THE OLD DOMINION UNIVERSITY REAL ESTATE FOUNDATION IS A TAX-EXEMPT, NONPROFIT ORGANIZATION CREATED TO RECEIVE, ADMINISTER AND DISTRIBUTE FUNDS AND PROPERTY EXCLUSIVELY IN FURTHERANCE OF THE EDUCATIONAL ACTIVITIES AND OBJECTIVES OF OLD DOMINION UNIVERSITY.

Program Service Accomplishments

Program 1
Expenses: $3,415,886 Revenue: $0

AQUIRE, DEVELOP, AND MANAGE PROPERTY IN FURTHERANCE OF THE GOALS, MISSION AND OBJECTIVES OF OLD DOMINION UNIVERSITY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $533,533
Program Service Revenue $0
Investment Income $3,703,818
Other Revenue $462,886
TOTAL REVENUE $4,700,237

Expense Breakdown

Grants Paid $233,146
Salaries & Benefits $332,598
Fundraising Expenses $0
Program Expenses $3,415,886
Other Expenses $3,047,754
TOTAL EXPENSES $3,613,498

Year-over-Year Comparison

2023 2022 Change
Revenue $4,700,237 $4,230,568 +0.1%
Expenses $3,613,498 $3,662,443 0.0%
Net Income $1,086,739 $568,125 +0.9%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
15

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
6
$524,259
Total Directors
15
$824,052
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN HEMPHILL EX-OFFICIO 0.5
Director
$0 $64,067 $824,052
MICHAEL S LAROCK ASSISTANT TREASURER 9.0
Officer
$0 $36,500 $227,886
TARA F SAUNDERS EXECUTIVE DIRECTOR 40.0
Officer
$0 $38,817 $210,310
CINDY R GALL ASSISTANT SECRETARY 13.0
Officer
$0 $20,601 $86,063
LISA F CHANDLER CHAIR 0.8
Officer Director
$0 $0 $0
JARED CHALK TRUSTEE 0.3
Director
$0 $0 $0
MILES LEON TRUSTEE 0.3
Director
$0 $0 $0
JOSEPH A LOWERY SECRETARY/TREASURER 0.5
Officer Director
$0 $0 $0
TERESA C PETERS VICE CHAIR 0.5
Officer Director
$0 $0 $0
KENNETH E RODMAN JR TRUSTEE 0.3
Director
$0 $0 $0
KAREN SHAFFER TRUSTEE 0.3
Director
$0 $0 $0
JEREMY R STARKEY TRUSTEE 0.3
Director
$0 $0 $0
DEBORAH K STEARNS TRUSTEE 0.3
Director
$0 $0 $0
NATHANIEL P TYLER TRUSTEE 0.3
Director
$0 $0 $0
STEVEN C WRIGHT TRUSTEE 0.3
Director
$0 $0 $0
GEORGE L CONSOLVO DIRECTOR EMERITUS 0.0
Director
$0 $0 $0
ROBERT L DEWEY DIRECTOR EMERITUS 0.0
Director
$0 $0 $0
LARRY R HILL TRUSTEE/BOV REPRESENTATIVE 0.5
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 No data No data No data No data
2023 $4,700,237 $3,613,498 $74,806,870 $1,086,739
2022 $4,230,568 $3,662,443 $77,759,835 $568,125
2021 $4,286,048 $3,602,895 $82,050,791 $683,153
2020 $4,399,787 $3,890,980 $84,903,572 $508,807
2019 $4,860,746 $3,888,973 $88,711,328 $971,773
2018 $4,155,458 $3,744,428 $89,778,145 $411,030
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