ROANOKE HOUSING DEV CORP (EIN 581738127) - 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

1987

Legal Domicile

Principal Officer

TYLER CRAFT

Phone

3367650424

Tax Period

2023-07-01 to 2024-06-30

ROANOKE HOUSING DEV CORP, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $629K in total revenue in fiscal year 2023. Expenses of $588K left a modest 6% surplus.

Mission

THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO CONSTRUCT OWN AND OPERATE A 33 UNIT APARTMENT COMMUNITY IN RALEIGH, NORTH CAROLINA KNOWN AS ROANOKE COMMONS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS).

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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 $378,198

Program Service Revenue $240,313

Investment Income $4,106

Other Revenue $6,381

TOTAL REVENUE $628,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $465,972

Other Expenses $588,263

TOTAL EXPENSES $588,263

Year-over-Year Comparison

	2023	2022	Change
Revenue	$628,998	$601,178	+0.0%
Expenses	$588,263	$548,752	+0.1%
Net Income	$40,735	$52,426	-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

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

$1,058,059

Total Directors

Key Employees

$158,726

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TYLER CRAFT	CHAIR	0.50	Officer Director	$0	$0	$0
JORDAN MANESS	VICE CHAIR	0.50	Officer Director	$0	$0	$0
BETSY ROZAKIS	MEMBER	0.50	Director	$0	$0	$0
GORDON GRUBB	MEMBER	0.50	Director	$0	$0	$0
MEGHAN MELLOY	MEMBER	0.50	Director	$0	$0	$0
YOLANDA WINSTEAD	PRESIDENT	0.50	Officer	$0	$15,432	$290,400
SHARON LORDEN	CFO/ SENIOR VP	0.50	Officer	$0	$13,465	$226,900
WILLIAM WARD	VP OF FINANCE	0.50	Officer	$0	$6,908	$171,924
NATALIE BRITT	VP OF REAL ESTATE DEVELOPMENT	0.50	Officer	$0	$9,896	$208,394
SHEILA PORTER	VP OF HOMEOWNERSHIP CENTER SERVICES	0.50	Officer	$0	$13,072	$160,441
ATINUKE DIVER	VP OF IMPACT	0.50	Key Emp	$0	$8,701	$158,726
TIMOTTHY FISHER	SENIOR PROJECT MANAGER	0.50	Highest	$0	$8,131	$124,429
SKIP JACKSON	SENIOR PROJECT MANAGER	0.50	Highest	$0	$11,610	$142,872
PATRICK NERZ	SENIOR PROJECT MANAGER	0.50	Highest	$0	$6,814	$122,702
JOSEPH OMOZOKPEA	SENIOR PROJECT MANAGER	0.50	Highest	$0	$8,291	$127,734
KAYLA ROSENBURG	DIRECTOR OF ENTERPRISE S&D	0.50	Highest	$0	$3,368	$139,670

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	$628,998	$588,263	$1,922,794	$40,735
2023	$601,178	$548,752	$1,938,753	$52,426
2022	$594,238	$547,658	$1,934,051	$46,580
2021	$590,511	$552,177	$1,940,705	$38,334
2020	$575,658	$548,730	$1,979,161	$26,928
2019	$566,600	$538,264	$1,991,283	$28,336

ROANOKE HOUSING DEV CORP