NORFOLK, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BEACON LIGHT COMMUNITY HOUSING DEVELOPMENT INC, founded in 1987, is a micro nonprofit in the Housing & Shelter sector that reported $6K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $10K exceeded revenue, resulting in a 68% operating deficit.
To Bring together at frequent intervals, families of low to moderate income who qualify for and are interested in becoming first time homebuyers, and other that might be interested in purchasing properties for rehabilitation, to work with Norfolk Redevelopment and to assist low to moderate income families who qualify and are interested in first time homeownership.
To assist low to moderate income families who qualify and are interested in first time homeownership.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $6,000 | $51,561 | -0.9% |
| Expenses | $10,109 | $53,311 | -0.8% |
| Net Income | $-4,109 | $-1,750 | +1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Frederick Basnight | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Christie Banks | President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Shannel Lundy | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Robert Mustafa | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Marsha Dandridge | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Anthony Daniels | Board Members | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $6,000 | $10,109 | $204,053 | $-4,109 |
| 2022 | $51,561 | $53,311 | $233,304 | $-1,750 |
| 2021 | $87,231 | $68,022 | $244,407 | $19,209 |
| 2020 | $8,250 | $38,754 | $259,553 | $-30,504 |
| 2019 | $40,961 | $62,217 | $250,063 | $-21,256 |
| 2018 | $22,234 | $72,711 | $267,744 | $-50,477 |
Compare BEACON LIGHT COMMUNITY HOUSING DEVELOPMENT INC with other nonprofits in Virginia and across the country.