Staunton Housing Corporation

EIN: 541999823 501(c)(3) Housing & Shelter

Staunton, VA

Total Revenue
$43,061
Total Expenses
$25,280
Total Assets
$922,349
Net Assets
$922,349
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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
2009
Legal Domicile
VA
Principal Officer
Nehemias Velez
Phone
5408863413
Tax Period
2024-01-01 to 2024-12-31

Staunton Housing Corporation, founded in 2009, is a micro nonprofit in the Housing & Shelter sector that reported $43K in total revenue in fiscal year 2024. The organization ran a surplus of $18K, a strong 41% operating margin.

Mission

Develop and operate decent, safe and housing for targeted groups.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $12,350
Investment Income $30,711
Other Revenue $0
TOTAL REVENUE $43,061

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $25,280
Other Expenses $25,280
TOTAL EXPENSES $25,280

Year-over-Year Comparison

2024 2023 Change
Revenue $43,061 N/A N/A
Expenses $25,280 N/A N/A
Net Income $17,781 N/A N/A
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
7
Independent Members
7
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
0
$0
Total Directors
8
$108,205
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tracy Toye Director 1.00
Director
$0 $0 $0
Nicholas Hurston Director 1.00
Director
$0 $0 $0
Vincent Grasso Director 1.00
Director
$0 $0 $0
Chris Okay Director 1.00
Director
$0 $0 $0
Jonathan Mason Director 1.00
Director
$0 $0 $0
Suzi Armstrong Director 1.00
Director
$0 $0 $0
Tyler Gallimore Director 1.00
Director
$0 $0 $0
Nehemias Velez Executive Director SRHA 2.00
Director
$0 $11,749 $108,205
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 $43,061 $25,280 $922,349 $17,781
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