Virginia Beach, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VB HOME NOW INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $257K in total revenue in fiscal year 2024. Revenue surged 124% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 43% operating margin.
The Organization's mission is to mobilize the local community to help the neediest among us by supporting and enhancing the community system of services, programs, and facilities that work to prevent and make homelessness rare, brief and nonrecurring. The mission is accomplished through fund raising and providing resources into the community.
The Organization provided a grant to the Judeo-Christian Outreach Center. to provide financial assistance to people participating in the emergency shelter and rapid rehousing programs. This funding...
The Organization provided a grant to the Judeo-Christian Outreach Center. to provide financial assistance to people participating in the emergency shelter and rapid rehousing programs. This funding assisted 31 adult individuals with move-in and rental assistance to secure permanent housing.
The Organization provided a grant to the Virginia Beach Education Foundation in partnership with VBCPS to be used to supply "beach bags" weekly during the school year (35 weeks) to students...
The Organization provided a grant to the Virginia Beach Education Foundation in partnership with VBCPS to be used to supply "beach bags" weekly during the school year (35 weeks) to students identified as homeless and/or needy. Each bag contains 10 shelf stable food items to sustain the students over weekends and school breaks. In total, these contributed funds were a part of the overall funding that provided over 47,000 beach bags to students that had been identified as homeless and experiencing food insecurity.
The organization provided funds to the Housing Resource Center ("HRC") and the Virginia Beach Department of Housing and Neighborhood Preservation to provide deposits for homeless persons to obtain...
The organization provided funds to the Housing Resource Center ("HRC") and the Virginia Beach Department of Housing and Neighborhood Preservation to provide deposits for homeless persons to obtain housing, prevention of persons being evicted from their homes and becoming homeless, landlord recruitment to obtain housing for homeless persons, and various supplies utilized by residents at HRC. Specifically, $50,130 was used to pay apartment complexes and property owners to prevent needy persons from being evicted from their homes; $25 was used to provide security deposits and rent to obtain housing for persons that were homeless; $1,167 were paid to landlords for recruitment of housing options for needy homeless persons; and $7,621 was spent to upgrade the family shelter facilities at HRC. The HRC is a one-stop shop of services for families and individuals experiencing homelessness or a housing crisis. In the prior year HRC celebrated its five-year anniversary. When it opened in 2018, it became the first facility of its kind in South Hampton Roads, Virginia to integrate and co-locate shelter, housing and ancillary homeless support services in one building. The HRC provides 29 one-bedroom efficiency apartments; 10 motel-style family shelter rooms (40 beds); 55 single shelter beds; day services that include showers, laundry, mail and housing support; a dining hall providing meals to day services and HRC shelter participants; a comprehensive primary care health center; and various homeless and human services. During this five-year period, 829 adults were provided shelter in the singles shelter at HRC; 2,200 unsheltered adults were provided day services; 438 individuals (adults and children) were provided shelter in the family shelter at HRC; approximately 140,000 meals were served; and 3,944 patients were served at the health center. The HRC and the Department of Housing and Neighborhood Preservation received over 12,000 referrals for prevention services. In addition to the housing provided by HRC, over 2,200 households were prevented from becoming homeless, and 368 homeless households were diverted to alternative housing opportunities.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $257,063 | $114,605 | +1.2% |
| Expenses | $145,656 | $205,701 | -0.3% |
| Net Income | $111,407 | $-91,096 | -2.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Raymond Bjorkman | President | 5 |
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$0 | $0 | $0 |
| Deborah Baisden | Vice President | 3 |
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$0 | $0 | $0 |
| Theodore Salter | Treasurer | 2 |
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$0 | $0 | $0 |
| Joshua Coe | Secretary | 3 |
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$0 | $0 | $0 |
| John Edwards | Director | 1 |
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$0 | $0 | $0 |
| Mary Donnan Harrison | Director | 1 |
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$0 | $0 | $0 |
| Steve Kelly | Director | 1 |
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$0 | $0 | $0 |
| George MacDonald | Director | 2 |
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$0 | $0 | $0 |
| John Olivieri | Director | 1 |
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$0 | $0 | $0 |
| Sherry Pitsilidies | Director | 1 |
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$0 | $0 | $0 |
| James Walrod | Director | 1 |
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$0 | $0 | $0 |
| Andrew Friedman | Director | 1 |
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $257,063 | $145,656 | $723,250 | $111,407 |
| 2023 | $114,605 | $205,701 | $611,843 | $-91,096 |
| 2022 | $156,336 | $128,754 | $702,939 | $27,582 |
| 2021 | $238,106 | $80,745 | $675,357 | $157,361 |
| 2020 | $158,816 | $212,027 | $517,996 | $-53,211 |
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