COMMUNITY HOUSING DEVELOPMENT CORP OF NORTH RICHMOND (EIN 680235719) - 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

1990

Legal Domicile

Principal Officer

DONALD A GILMORE

Phone

5104129290

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY HOUSING DEVELOPMENT CORP OF NORTH RICHMOND, founded in 1990, is a mid-sized nonprofit in the Unknown sector that reported $25.2M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.2M, a strong 52% operating margin.

Mission

TO PROVIDE LOW-INCOME HOUSING.

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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 $23,552,124

Program Service Revenue $852,651

Investment Income $713,195

Other Revenue $38,628

TOTAL REVENUE $25,156,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,148,965

Fundraising Expenses $0

Program Expenses $9,343,481

Other Expenses $5,856,012

TOTAL EXPENSES $12,004,977

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,156,598	$18,670,692	+0.3%
Expenses	$12,004,977	$13,164,597	-0.1%
Net Income	$13,151,621	$5,506,095	+1.4%

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

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

$322,204

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD A GILMORE	Executive Dir.	50.00	Officer	$322,204	$0	$322,204
VIVIAN RAHWANJI	DIRECTOR OF OPERATIONS	50.00		$253,310	$0	$253,310
CHARLES FOWLKES	CFO	40.00		$205,673	$0	$205,673
SAMUEL SUTHERLAND	COO	40.00		$193,286	$0	$193,286
VIRGIL LOONEY	DIR.EV JOINT PROG	40.00		$191,839	$0	$191,839
JOANNA GRIFFITH	REAL ESTATE DIR.	40.00		$172,193	$0	$172,193
NICOLE ENNIX	DIRECTOR OF REDI	40.00		$144,826	$0	$144,826
ANNIE KING-MEREDITH	Vice President	2.00	Officer Director	$0	$0	$0
KATHRYN HOOVER	Secretary	2.00	Officer Director	$0	$0	$0
MARENA BROWN	Treasurer	2.00	Officer Director	$0	$0	$0
LARRY TAYLOR	Director	2.00	Director	$0	$0	$0
JOSEPH VILLARREAL	President	2.00	Officer Director	$0	$0	$0
AMANDA ELLIOT	Director	2.00	Director	$0	$0	$0
IRMA POE	Director	2.00	Director	$0	$0	$0
LESLEY STEWART	Director	2.00	Director	$0	$0	$0
SONYA COBB	Director	2.00	Director	$0	$0	$0
LASAUNDA TATE	Director	2.00	Director	$0	$0	$0
FRED LAMBRIGHT	Director	2.00	Director	$0	$0	$0
HARRIETT LANGSTON	Director	2.00	Director	$0	$0	$0
JENNIFER HICKS	Director	2.00	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	$25,156,598	$12,004,977	$86,275,814	$13,151,621
2023	$18,670,692	$13,164,597	$51,141,900	$5,506,095
2022	$11,144,765	$6,796,824	$50,836,363	$4,347,941
2021	$8,965,670	$4,809,797	$44,523,169	$4,155,873
2020	$6,093,358	$4,665,296	$38,943,290	$1,428,062
2019	$6,145,853	$3,145,155	$30,803,396	$3,000,698
2018	$4,247,478	$2,863,144	$26,145,252	$1,384,334

COMMUNITY HOUSING DEVELOPMENT CORP OF NORTH RICHMOND