RHA HOUSING CORPORATION

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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

2004

Legal Domicile

Principal Officer

EMILY COMBS

Phone

5106211309

Tax Period

2025-01-01 to 2025-12-31

RHA HOUSING CORPORATION, founded in 2004, is a micro nonprofit in the Housing & Shelter sector that reported $75K in total revenue in fiscal year 2025. Revenue surged 393% from the prior year, signaling strong growth momentum. Expenses of $94K exceeded revenue, resulting in a 25% operating deficit.

Mission

SUPPORT ORGANIZATION FOR AFFORDABLE HOUSING

Program Service Accomplishments

Program 1

Expenses: $94,324 Revenue: $75,309

SUPPORT THE HOUSING AUTHORITY OF THE CITY OF RICHMOND (RHA), A PUBLIC BODY, BY PROVIDING, DEVELOPING, FINANCING, REHABILITATING, OWNING AND OPERATING DECENT, SAFE AND SANITARY HOUSING AFFORDABLE TO PERSONS AND HOSEHOLDS OF LOW INCOME; TO ASSIST LOW INCOME HOUSEHOLDS BY ENABLING THEM TO SECURE THE BASIC HUMAN NEED OF DECENT SHELTER; TO COMBAT COMMUNITY BLIGHT AND DETERIORATION IN THE CITY OF RICHMOND AND CONTRIBUTE TO THEIR PYHSICAL IMPROVEMENT AND TO PROVIDE AND EXPAND ECONOMIC OPPORTUNITIES FOR PERSONS ASSISTED BY OR ELIGIBLE FOR RHA ASSISTANCE. SUPPORT AFFORDABLE HOUSING AS MANAGING GENERAL PARTNER OF RHA RAD HOUSING PARNTERS, LP.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $75,309

Investment Income $0

Other Revenue $0

TOTAL REVENUE $75,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $94,324

Other Expenses $94,324

TOTAL EXPENSES $94,324

Year-over-Year Comparison

	2025	2024	Change
Revenue	$75,309	$15,281	+3.9%
Expenses	$94,324	$7,010	+12.5%
Net Income	$-19,015	$8,271	-3.3%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
SHASA CURL	PRESIDENT	3.00	Officer	$0	$0	$0
EMILY COMBS	DIRECTOR OF FINANCE	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	$75,309	$94,324	$20,263,399	$-19,015
2024	$15,281	$7,010	$1,140,708	$8,271
2023	$5,000	$17,262	$1,132,427	$-12,262
2022	$367,766	$47	$1,144,677	$367,719
2021	$73,531	$54,070	$6,479,270	$19,461
2020	No data	$1,430	$6,405,809	No data