VANCE COUNTY ELDERLY HOUSING CORPO… - 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

1982

Legal Domicile

Principal Officer

BEATRICE M WALKER

Phone

2524929091

Tax Period

2024-07-01 to 2025-06-30

VANCE COUNTY ELDERLY HOUSING CORPORATION T/A HERITAGE HOMES, founded in 1982, is a small nonprofit in the Housing & Shelter sector that reported $493K in total revenue in fiscal year 2024. Expenses of $426K left a modest 14% surplus.

Mission

TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD.

Program Service Accomplishments

Program 1

Expenses: $306,566 Revenue: $152,834

TO PROVIDE HOUSING AND RELATED SERVICES TO QUALIFIED ELDERLY PERSONS UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $340,177

Program Service Revenue $152,834

Investment Income $195

Other Revenue $0

TOTAL REVENUE $493,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,921

Fundraising Expenses $0

Program Expenses $306,566

Other Expenses $332,588

TOTAL EXPENSES $425,509

Year-over-Year Comparison

	2024	2023	Change
Revenue	$493,206	$475,440	+0.0%
Expenses	$425,509	$432,388	0.0%
Net Income	$67,697	$43,052	+0.6%

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

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
BEATRICE M WALKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ILEAN H MATTOCKS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ERNESTINE GRANISON	BOARD MEMBER	1.00	Director	$0	$0	$0
ARTELIA E TRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM EVANS	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
2025	$493,206	$425,509	$710,605	$67,697
2024	$475,440	$432,388	$752,018	$43,052
2023	$457,745	$425,982	$770,089	$31,763
2022	$455,693	$423,612	$782,836	$32,081
2021	$441,703	$351,872	$800,684	$89,831
2020	$427,399	$391,400	$745,518	$35,999
2019	$420,396	$408,372	$748,522	$12,024

VANCE COUNTY ELDERLY HOUSING CORPORATION T/A HERITAGE HOMES