VICTORY REDEVELOPMENT 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

2000

Legal Domicile

Phone

7132600500

Tax Period

2023-01-01 to 2023-12-31

VICTORY REDEVELOPMENT CORPORATION, founded in 2000, is a micro nonprofit in the Housing & Shelter sector that reported $20K in total revenue in fiscal year 2023. Revenue surged 215% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16K, a strong 81% operating margin.

Mission

PROMOTING COMMUNITY WELFARE BY PROVIDING DECENT, AFFORDABLE HOUSING TO LOW INCOME FAMILIES IN THE CITY OF HOUSTON AND THE COUNTY OF HARRIS, TEXAS AND PROVIDING SUPPORT SERVICES TO THE RESIDENTS OF SUCH HOUSING.

Program Service Accomplishments

Program 1

Expenses: $3,733 Revenue: $19,902

DEDUCTIONS FROM PASS-THROUGH ACTIVITIES RELATED TO PROMOTING COMMUNITY WELFARE BY PROVIDING DECENT HOUSING THAT IS AFFORDABLE TO LOW INCOME FAMILIES IN THE CITY OF HOUSTON AND THE COUNTY OF HARRIS...

DEDUCTIONS FROM PASS-THROUGH ACTIVITIES RELATED TO PROMOTING COMMUNITY WELFARE BY PROVIDING DECENT HOUSING THAT IS AFFORDABLE TO LOW INCOME FAMILIES IN THE CITY OF HOUSTON AND THE COUNTY OF HARRIS, TEXAS AND PROVIDING SUPPORT SERVICES TO THE RESIDENTS OF SUCH 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $19,902

Other Revenue $0

TOTAL REVENUE $19,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,733

Other Expenses $3,733

TOTAL EXPENSES $3,733

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,902	$6,322	+2.1%
Expenses	$3,733	$5,674	-0.3%
Net Income	$16,169	$648	+24.0%

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	Role	Reportable Comp	Other Comp	Total
LARENCE SNOWDEN	PRESIDENT & CHAIRMAN	Director	$0	$0	$0
KRISTY KIRKENDOLL	VICE CHAIRMAN	Director	$0	$0	$0
MARK THIELE	SECRETARY	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	$19,902	$3,733	$-288,484	$16,169
2022	$6,322	$5,674	$-304,941	$648
2021	$-172,054	$3,842	$-304,886	$-175,896
2020	$-171,341	$4,410	$-131,065	$-175,751
2019	$-63,438	$4,282	$42,936	$-67,720
2018	$-216,205	$4,178	$108,906	$-220,383