VOLUNTEER HOUSING DEVELOPMENT CORPORATION INC (EIN 581400610) - Form 990 Financial Analysis & Trantor Score

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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

1970

Legal Domicile

Principal Officer

KAY HALE

Phone

4235861494

Tax Period

2024-04-01 to 2025-03-31

VOLUNTEER HOUSING DEVELOPMENT CORPORATION INC, founded in 1970, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 151% from the prior year, signaling strong growth momentum. The organization ran a surplus of $566K, a strong 30% operating margin.

Mission

HUD ASSISTED HOUSING FOR LOW INCOME, ELDERLY AND HANDICAPPED.

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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 $226,428

Program Service Revenue $1,142,185

Investment Income $538,082

Other Revenue $0

TOTAL REVENUE $1,906,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,136,589

Other Expenses $1,340,279

TOTAL EXPENSES $1,340,279

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,906,695	$760,093	+1.5%
Expenses	$1,340,279	$913,142	+0.5%
Net Income	$566,416	$-153,049	-4.7%

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
KAY HALE	PRESIDENT	0.10	Officer Director	$0	$0	$0
JOE BENTHAL	DIRECTOR	0.10	Director	$0	$0	$0
LANE WOLFENBARGER	DIRECTOR	0.10	Director	$0	$0	$0
JACK YATES	VICE-PRESIDENT	0.10	Officer Director	$0	$0	$0
BILL MITRIK	SECRETARY	0.10	Director	$0	$0	$0
MICHAEL COLLINS	DIRECTOR	0.10	Director	$0	$0	$0
MEGAN BARNARD	DIRECTOR	0.10	Director	$0	$0	$0
WILL SLIGER	DIRECTOR	0.10	Director	$0	$0	$0
RENE TABOR	DIRECTOR	0.10	Director	$0	$0	$0
MISTY CAMERON	DIRECTOR	0.10	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	$1,906,695	$1,340,279	$5,332,115	$566,416
2024	$760,093	$913,142	$6,528,195	$-153,049
2023	$1,663,429	$1,049,850	$5,912,020	$613,579
2022	$977,553	$1,057,575	$5,536,869	$-80,022
2021	$960,599	$1,140,649	$5,639,423	$-180,050
2020	$897,346	$1,199,786	$5,811,766	$-302,440
2019	$989,817	$1,120,873	$5,932,838	$-131,056

VOLUNTEER HOUSING DEVELOPMENT CORPORATION INC