HOUSING DEVELOPMENT CORPORATION OF HAMPTON ROADS (EIN 562543150) - 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

2007

Legal Domicile

Phone

7575917342

Tax Period

2024-07-01 to 2025-06-30

HOUSING DEVELOPMENT CORPORATION OF HAMPTON ROADS, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $299K in total revenue in fiscal year 2018. The organization ran a surplus of $69K, a strong 23% operating margin.

Mission

TO PURCHASE QUALITY, AFFORDABLE, LOW INCOME HOUSING IN SAFE NEIGHBORHOODS IN ORDER TO PROVIDE HOUSING OPPORTUNITIES FOR THE CLIENTS OF AGENCIES/ORGANIZATIONS WHICH SERVE LOW INCOME AND HOMELESS INDIVIDUALS AND FAMILIES

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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 (2024)

Revenue Breakdown

Contributions & Grants $204,636

Program Service Revenue $299,430

Investment Income $55,091

Other Revenue $24,572

TOTAL REVENUE $583,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $300,667

Other Expenses $335,454

TOTAL EXPENSES $335,454

Year-over-Year Comparison

	2024	2023	Change
Revenue	$583,729	$518,040	+0.1%
Expenses	$335,454	$317,122	+0.1%
Net Income	$248,275	$200,918	+0.2%

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
JOSH DAVID	PRESIDENT	4.00	Director	$0	$0	$0
STEPHEN SMARK	TREASURER	1.00	Director	$0	$0	$0
JASMINE BRACEY	DIRECTOR	1.00	Director	$0	$0	$0
ROB COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
DENISE COUNCE	DIRECTOR	1.00	Director	$0	$0	$0
FLETCHER DILDAY	VICE PRESIDENT	1.00	Director	$0	$0	$0
JERRY DOOLEY	DIRECTOR	1.00	Director	$0	$0	$0
LANEY MOREWITZ	DIRECTOR	1.00	Director	$0	$0	$0
SISTER DAVID A NISKI	SECRETARY	4.00	Director	$0	$0	$0
ROBERT TSCHIRHAR	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES HOGARTH	DIRECTOR	1.00	Director	$0	$0	$0
KEISHA DEERING	DIRECTOR	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	$583,729	$335,454	$2,188,168	$248,275
2024	$518,040	$317,122	$1,984,645	$200,918
2023	$448,141	$316,385	$1,883,941	$131,756
2022	$338,563	$298,546	$1,795,938	$40,017
2021	$325,885	$254,029	$1,736,177	$71,856
2020	$332,886	$252,707	$1,676,785	$80,179
2019	$298,668	$229,929	$1,617,718	$68,739

HOUSING DEVELOPMENT CORPORATION OF HAMPTON ROADS