HAMPTON ROADS HOUSING ASSIST INC (EIN 823900668) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Phone

7577183110

Tax Period

2024-01-01 to 2024-12-31

Hampton Roads Housing Assistants Inc, founded in 2016, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2020. Expenses of $889K left a modest 14% surplus.

Mission

TO PROVIDE ASSISTANCE TO FIRST TIME BUYERS TO OBTAIN HOMEOWNERSHIP AND PROVIDE A SECOND CHANCE FOR PEOPLE WHO LOST THEIR HOME OR DESIRE TO PURCHASE A SECOND HOME BY ASSISTING WITH THE DOWN PAYMENT, CLOSING COSTS AND GUIDANCE

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $28,719

Program Service Revenue $1,728,210

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,756,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,337

Fundraising Expenses $0

Program Expenses $1,725,970

Other Expenses $1,715,592

TOTAL EXPENSES $1,756,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,756,929	N/A	N/A
Expenses	$1,756,929	N/A	N/A
Net Income	$0	N/A	N/A

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
DARYL MANN	DIRECTOR	Director	$0	$0	$0
FREDA MARSHALL	DIRECTOR	Director	$0	$0	$0
SHEILA KEARNEY	DIRECTOR	Director	$0	$0	$0
ANTHONY HORNER	PRESIDENT	Officer	$0	$0	$0
CHARLIE SIMMONS	VICE CHAIR	Officer	$0	$0	$0
VONDA MERRILL	SECRETARY	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
2024	$1,756,929	$1,756,929	$482,441	No data
2023	$1,246,828	$987,818	$1,115,281	$259,010
2022	$787,408	$706,058	$223,431	$81,350
2020	$1,030,750	$888,669	$311,808	$142,081

HAMPTON ROADS HOUSING ASSIST INC