BIVINS VILLAGE PHASE II

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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

2005

Legal Domicile

Principal Officer

KATHARYN WIEGAND

Phone

8063799400

Tax Period

2023-10-01 to 2024-09-30

BIVINS VILLAGE PHASE II, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $511K in total revenue in fiscal year 2023. Expenses of $712K exceeded revenue, resulting in a 39% operating deficit.

Mission

BIVINS VILLAGE II IS AN INDEPENDENT LIVING FACILITY FOR LOW INCOME SENIORS. BIVINS VILLAGE II IS LOCATED ON APPROXIMATELY 8 ACRES THAT ARE CURRENTLY PART OF A LARGER 18 ACRE TRACT OF LAND OWNED BY THE MARY E. BIVINS FOUNDATION. BIVINS VILLAGE II HAS BEEN DESIGNED WITH THE RECOGNITION THAT, ALTHOUGH IN THE EARLY YEARS, IT WILL SERVE A MORE INDEPENDENT ELDERLY POPULATION - THESE PERSONS WILL BECOME MORE FRAIL AS TIME ADVANCES. ACCORDINGLY THE UNITS ARE EQUIPPED WITH GRAB BARS AND NON-SLIP FLOOR SURFACES, ALONG WITH OTHER DESIGN ELEMENTS, WHICH FACILITATE INDIVIDUAL SAFETY.

Program Service Accomplishments

Program 1

Expenses: $577,646 Revenue: $193,974

BIVINS VILLAGE PHASE II PROVIDES A SAFE, SECURE, QUALITY 60 UNIT APARTMENT COMMUNITY FOR LOW TO MODERATE INCOME SENIORS 62 YEARS OF AGE OR OLDER WHO ARE ELIGIBLE UNDER HUD'S SECTION 202 PROGRAM.

Program 2

Expenses: $5,549

PROVIDE QUALITY, SCHEDULED TRANSPORTATION TO OUR RESIDENTS WHO DON'T HAVE ANY OTHER MEANS OF GETTING TO HEALTHCARE APPOINTMENTS, GROCERY STORES, GENERAL NEEDS SHOPPING, ETC.

Program 3

Expenses: $2,026

BIVINS VILLAGE PROVIDES OPPORTUNITIES FOR VARIOUS HEALTHCARE ENTITIES AND FINANCIAL INSTITUTIONS TO COME IN TO OUR LOW INCOME COMMUNITY FOR HEALTH FAIRS, ROUTINE HEALTH SCREENINGS, PERSONAL BANKING SERVICES, ETC...ALL AT NO COST TO RESIDENTS. PROVIDE OPPORTUNITIES FOR TENANTS TO SAFELY GATHER FOR HOLIDAY CELEBRATIONS, MONTHLY BIRTHDAY PARTIES, QUILTING GROUPS, VARIOUS ACTIVITY EVENTS ALL DESIGNED TO KEEP THEIR MIND AND BODY ACTIVE.

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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 $306,740

Program Service Revenue $193,974

Investment Income $9,785

Other Revenue $613

TOTAL REVENUE $511,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,442

Fundraising Expenses $0

Program Expenses $585,221

Other Expenses $526,671

TOTAL EXPENSES $712,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$511,112	$518,633	0.0%
Expenses	$712,113	$661,813	+0.1%
Net Income	$-201,001	$-143,180	+0.4%

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

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

$485,096

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHARYN WIEGAND	PRESIDENT	5.00	Officer	$0	$52,498	$271,482
PAUL SNEED	CFO	5.00	Officer	$0	$44,120	$213,614
DR STEVE URBAN	CHAIRMAN	0.50	Officer Director	$0	$0	$0
MARK BIVINS	VICE-CHAIR	0.50	Officer Director	$0	$0	$0
PUFF NIEGOS	SECRETARY	0.50	Officer Director	$0	$0	$0
DR BUD JOYNER	PAST BOARD C	0.50	Officer Director	$0	$0	$0
JULIE K ATTEBURY	DIRECTOR	0.50	Director	$0	$0	$0
JULIE BIVINS	DIRECTOR	0.50	Director	$0	$0	$0
BARBIE JONES	DIRECTOR	0.50	Director	$0	$0	$0
PAUL MATNEY PHD	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN MITCHELL	DIRECTOR	0.50	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
2025	No data	No data	No data	No data
2024	$511,112	$712,113	$3,539,812	$-201,001
2023	$518,633	$661,813	$3,304,697	$-143,180
2022	$511,714	$691,075	$3,405,602	$-179,361
2021	$509,746	$642,958	$3,508,082	$-133,212
2020	$506,501	$593,815	$3,527,097	$-87,314
2019	$517,126	$527,143	$3,629,561	$-10,017
2018	$512,840	$479,987	$3,527,949	$32,853