RAPPAHANNOCK ELDER HOUSING CORPORA… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Principal Officer

JAMES H LAGRAFFE

Phone

5408253100

Tax Period

2023-07-01 to 2024-06-30

RAPPAHANNOCK ELDER HOUSING CORPORATION, founded in 2006, is a micro nonprofit in the Housing & Shelter sector that reported $85K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $157K exceeded revenue, resulting in a 84% operating deficit.

Mission

RAPPAHANNOCK ELDER HOUSING CORPORATION OWNS AND OPERATES LEAFLIN LANE APARTMENTS. THESE SUBSIDIZED ONE-BEDROOM UNITS IN CULPEPER, VA ARE AVAILABLE FOR RENT TO PERSONS AGE 62 AND OLDER WHO MEET THE LOW INCOME CRITERIA ESTABLISHED BY HUD.

Program Service Accomplishments

Program 1

Expenses: $141,726 Revenue: $85,271

RAPPAHANNOCK ELDER HOUSING CORPORATION OWNS AND OPERATES LEAFLIN LANE APARTMENTS. THESE SUBSIDIZED ONE-BEDROOM UNITS IN CULPEPER, VA ARE AVAILABLE FOR RENT TO PERSONS AGE 62 AND OLDER WHO MEET THE...

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $85,271

Investment Income $7

Other Revenue $0

TOTAL REVENUE $85,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,283

Fundraising Expenses $0

Program Expenses $141,726

Other Expenses $144,910

TOTAL EXPENSES $157,193

Year-over-Year Comparison

	2023	2022	Change
Revenue	$85,278	$94,357	-0.1%
Expenses	$157,193	$137,908	+0.1%
Net Income	$-71,915	$-43,551	+0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES H LAGRAFFE	PRESIDENT	N/A	Officer Director	$0	$0	$0
JANIS RIELEY	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
SHERYL REINSTROM	SECRETARY	N/A	Officer Director	$0	$0	$0
VALERIE WARD	TREASURER	N/A	Officer Director	$0	$0	$0
CHRIS JENKINS	DIRECTOR	N/A	Director	$0	$0	$0
GAIL CROOKS	DIRECTOR	N/A	Director	$0	$0	$0
SHEL BOLYARD-DOUGLAS	DIRECTOR	N/A	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
2025	No data	No data	No data	No data
2024	$85,278	$157,193	$1,457,406	$-71,915
2023	$94,357	$137,908	$1,461,448	$-43,551
2022	$94,498	$133,988	$1,467,574	$-39,490

RAPPAHANNOCK ELDER HOUSING CORPORATION