VIRGINIA STREET BAPTIST CHURCH HOM… - 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

1979

Legal Domicile

Principal Officer

BOBBY WALLER

Phone

8128765478

Tax Period

2023-07-01 to 2024-06-30

VIRGINIA STREET BAPTIST CHURCH HOMES INC, founded in 1979, is a small nonprofit in the Housing & Shelter sector that reported $835K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $806K left a modest 3% surplus.

Mission

LOW-INCOME HOUSING

Program Service Accomplishments

Program 1

Expenses: $578,132 Revenue: $131,684

VIRGINIA STREET BAPTIST CHURCH D/B/A WOODLAND HEIGHTS APARTMENTS (THE PROJECT) WAS FORMED AS A KENTUCKY NOT-FOR-PROFIT CORPORATION ON JULY 6, 1979 TO OPERATE AN APARTMENT COMPLEX OF 94-UNITS UNDER...

VIRGINIA STREET BAPTIST CHURCH D/B/A WOODLAND HEIGHTS APARTMENTS (THE PROJECT) WAS FORMED AS A KENTUCKY NOT-FOR-PROFIT CORPORATION ON JULY 6, 1979 TO OPERATE AN APARTMENT COMPLEX OF 94-UNITS UNDER SECTION 221(D)(3) OF THE NATIONAL HOUSING ACT, AS AMENDED. THE PROJECT IS LOCATED IN HOPKINSVILLE, KENTUCKY AND IS OPERATED UNDER THE NAME OF WOODLAND HEIGHTS APARTMENTS.

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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 $558,542

Program Service Revenue $131,684

Investment Income $25

Other Revenue $144,266

TOTAL REVENUE $834,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,557

Fundraising Expenses $0

Program Expenses $578,132

Other Expenses $637,967

TOTAL EXPENSES $805,524

Year-over-Year Comparison

	2023	2022	Change
Revenue	$834,517	$695,302	+0.2%
Expenses	$805,524	$625,788	+0.3%
Net Income	$28,993	$69,514	-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

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 THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
ANN BOSEMAN	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY WALLER	PRESIDENT	1.00	Officer	$0	$0	$0
REV MITCHELL O FORT	VICE PRESIDENT	1.00	Officer	$0	$0	$0
BETTY PETUS	SECRETARY/TREASURER	1.00	Officer	$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	$834,517	$805,524	$745,123	$28,993
2023	$695,302	$625,788	$743,912	$69,514
2022	$669,544	$826,801	$715,898	$-157,257
2021	$654,925	$722,858	$865,320	$-67,933
2020	$704,920	$701,024	$898,722	$3,896
2019	$741,274	$811,837	$904,670	$-70,563
2018	$644,316	$771,536	$1,000,684	$-127,220

VIRGINIA STREET BAPTIST CHURCH HOMES INC