VB HOME NOW INC

EIN: 811460498 501(c)(3) Human Services

Virginia Beach, VA

Total Revenue
$257,063
Total Expenses
$145,656
Total Assets
$723,250
Net Assets
$723,250
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
VA
Principal Officer
Raymond Bjorkman
Phone
7573855760
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $10,000 Revenue: $0

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...

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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.

Program 2
Expenses: $12,500 Revenue: $0

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...

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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.

Program 3
Expenses: $58,943 Revenue: $182,488

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...

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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.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $269,272
Program Service Revenue $0
Investment Income $5,685
Other Revenue $-17,894
TOTAL REVENUE $257,063

Expense Breakdown

Grants Paid $142,414
Salaries & Benefits $0
Fundraising Expenses $1,129
Program Expenses $142,414
Other Expenses $3,242
TOTAL EXPENSES $145,656

Year-over-Year Comparison

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%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
20

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Raymond Bjorkman President 5
Officer Director
$0 $0 $0
Deborah Baisden Vice President 3
Officer Director
$0 $0 $0
Theodore Salter Treasurer 2
Officer Director
$0 $0 $0
Joshua Coe Secretary 3
Officer Director
$0 $0 $0
John Edwards Director 1
Director
$0 $0 $0
Mary Donnan Harrison Director 1
Director
$0 $0 $0
Steve Kelly Director 1
Director
$0 $0 $0
George MacDonald Director 2
Director
$0 $0 $0
John Olivieri Director 1
Director
$0 $0 $0
Sherry Pitsilidies Director 1
Director
$0 $0 $0
James Walrod Director 1
Director
$0 $0 $0
Andrew Friedman Director 1
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 $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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