Virginia Community Development Fund Inc (EIN 541914519) - 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

1996

Legal Domicile

Principal Officer

Robert Newman

Phone

8043431200

Tax Period

2023-01-01 to 2023-12-31

Virginia Community Development Fund Inc, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $365K in total revenue in fiscal year 2018. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $430K exceeded revenue, resulting in a 18% operating deficit.

Mission

To Promote the development of affordable housing for Virginia and West Virginias poorest and most underserved residents.

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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 $4,994,605

Program Service Revenue $430,256

Investment Income $150,870

Other Revenue $0

TOTAL REVENUE $5,575,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,570

Fundraising Expenses $0

Program Expenses $1,019,791

Other Expenses $864,057

TOTAL EXPENSES $1,106,627

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,575,731	$1,320,186	+3.2%
Expenses	$1,106,627	$914,303	+0.2%
Net Income	$4,469,104	$405,883	+10.0%

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

$414,826

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John PSalop	President	1.00	Officer Director	$0	$0	$0
Robert Newman	Treasurer	2.00	Officer	$0	$52,191	$284,972
Neil Amin	Board Member	1.00	Director	$0	$0	$0
Karen Wilds	Vice President	1.00	Officer Director	$0	$0	$0
Laura Dupuy	Secretary	38.00	Officer	$0	$20,854	$129,854
Andy Kegley	Board Member	1.00	Director	$0	$0	$0
Philip Stetson	Board Member	1.00	Director	$0	$0	$0
Karen Jacobson	Board Member	1.00	Director	$0	$0	$0
Philip Brooks	Board Member	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
2024	No data	No data	No data	No data
2023	$5,575,731	$1,106,627	$13,782,493	$4,469,104
2022	$1,320,186	$914,303	$9,002,328	$405,883
2021	$4,728,316	$801,895	$8,280,823	$3,926,421
2020	$1,183,825	$609,900	$4,208,744	$573,925
2019	$808,015	$377,947	$3,517,521	$430,068
2018	$365,173	$429,621	$3,179,662	$-64,448

Virginia Community Development Fund Inc