CHRISTIAN VILLAGE OF EASTERN VIRGINIA INC

EIN: 621676905 501(c)(3) Housing & Shelter

WINSTONSALEM, NC

Total Revenue
$354,745
Total Expenses
$378,761
Total Assets
$1,563,250
Net Assets
$-852,823
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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
1997
Legal Domicile
VA
Principal Officer
SONNY HUGHES
Phone
8047305625
Tax Period
2023-01-01 to 2023-12-31

CHRISTIAN VILLAGE OF EASTERN VIRGINIA INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $355K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

CHRISTIAN VILLAGE OF EASTERN VIRGINIA, INC. (A VIRGINIA NOT-FOR-PROFIT CORPORATION) (THE "CORPORATION") WAS ORGANIZED TO OWN AND OPERATE A 43-UNIT APARTMENT COMMUNITY IN NEWPORT NEWS, VIRGINIA, KNOWN AS CHRISTIAN VILLAGE OF EASTERN VIRGINIA (THE "COMMUNITY"), PURSUANT TO SECTION 202 OF THE HOUSING ACT OF 1959, AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FEDERAL HOUSING ADMINISTRATION ("FHA") REGULATORY AGREEMENT GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FHA SECTION OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"). THE CORPORATION LEASES APARTMENT UNITS TO LOW-INCOME ELDERLY INDIVIDUALS IN THE NORMAL COURSE OF BUSINESS. THE TERMS OF THE LEASES ARE GENERALLY ONE YEAR.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $219,537
Program Service Revenue $127,624
Investment Income $2,578
Other Revenue $5,006
TOTAL REVENUE $354,745

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $240,998
Other Expenses $378,761
TOTAL EXPENSES $378,761

Year-over-Year Comparison

2023 2022 Change
Revenue $354,745 $328,195 +0.1%
Expenses $378,761 $362,076 +0.0%
Net Income $-24,016 $-33,881 -0.3%
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

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Governance

Voting Members
12
Independent Members
12
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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SONNY HUGHES PRESIDENT 0.00
Officer Director
$0 $0 $0
LYNN BARDEN VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
BEN GASSMANN SECRETARY 0.00
Officer Director
$0 $0 $0
SHERRY GRUBBS TREASURER 0.00
Officer Director
$0 $0 $0
KAREN FLETCHER DIRECTOR 0.00
Director
$0 $0 $0
TERESSA PEARSON DIRECTOR 0.00
Director
$0 $0 $0
CHRISTINA NOVAK DIRECTOR 0.00
Director
$0 $0 $0
JOHN NEAGLE DIRECTOR 0.00
Director
$0 $0 $0
CINDY PIGG DIRECTOR 0.00
Director
$0 $0 $0
JANET HEATH DIRECTOR 0.00
Director
$0 $0 $0
SHIRLEY GARY DIRECTOR 0.00
Director
$0 $0 $0
THERESA SEARS DIRECTOR 0.00
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
2024 No data No data No data No data
2023 $354,745 $378,761 $1,563,250 $-24,016
2022 $328,195 $362,076 $1,578,387 $-33,881
2021 $319,594 $330,731 $1,634,639 $-11,137
2020 $321,788 $329,374 $1,641,006 $-7,586
2019 $299,365 $325,671 $1,650,400 $-26,306
2018 $307,046 $320,183 $1,666,647 $-13,137
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