Independent Housing Advocates Pecan Valley Inc (Viceroy Village Apts)) (EIN 742939624) - 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

1999

Legal Domicile

Principal Officer

Chip Fulghum

Tax Period

2023-08-01 to 2024-07-31

Independent Housing Advocates Pecan Valley Inc (Viceroy Village Apts)), founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $215K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $264K exceeded revenue, resulting in a 23% operating deficit.

Mission

The organization provides low-income housing to those individuals who are physically or mentally disabled, who need public housing assistance as regulated by the United States Department of Housing and Urban Development.

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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 $168,910

Program Service Revenue $44,755

Investment Income $165

Other Revenue $671

TOTAL REVENUE $214,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,978

Fundraising Expenses $0

Program Expenses $239,905

Other Expenses $182,683

TOTAL EXPENSES $263,661

Year-over-Year Comparison

	2023	2022	Change
Revenue	$214,501	$191,382	+0.1%
Expenses	$263,661	$293,508	-0.1%
Net Income	$-49,160	$-102,126	-0.5%

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
Steve Lefever	Treasurer	001.00	Director	$0	$0	$0
Bill Glen	Director	001.00	Director	$0	$0	$0
Mike Lozito	Director	001.00	Director	$0	$0	$0
Chip Fulghum	President	001.00	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	$214,501	$263,661	$689,924	$-49,160
2023	$191,382	$293,508	$747,267	$-102,126
2022	$282,099	$230,445	$829,908	$51,654
2021	$187,996	$186,119	$782,964	$1,877
2020	$174,555	$198,988	$788,499	$-24,433
2019	$156,641	$174,161	$782,021	$-17,520
2018	$142,103	$180,537	$804,590	$-38,434

Independent Housing Advocates Pecan Valley Inc (Viceroy Village Apts))