COLLEGIATE HOUSING CORPORATION OF BLUEFIELD INC

EIN: 834478123 501(c)(3)

BLUEFIELD, WV

Total Revenue
$2,751,189
Total Expenses
$3,169,197
Total Assets
N/A
Net Assets
N/A
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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
2019
Legal Domicile
WV
Principal Officer
BARRY BLIZZARD
Phone
3043244000
Tax Period
2022-07-01 to 2023-06-30

COLLEGIATE HOUSING CORPORATION OF BLUEFIELD INC, founded in 2019, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2022. Revenue surged 82% from the prior year, signaling strong growth momentum. Expenses of $3.2M exceeded revenue, resulting in a 15% operating deficit.

Mission

PROVISION OF HOUSING TO STUDENTS ATTENDING BLUEFIELD STATE COLLEGE

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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 (2022)

Revenue Breakdown

Contributions & Grants $82,310
Program Service Revenue $1,828,522
Investment Income $840,357
Other Revenue $0
TOTAL REVENUE $2,751,189

Expense Breakdown

Grants Paid $0
Salaries & Benefits $297,686
Fundraising Expenses $0
Program Expenses $2,563,772
Other Expenses $2,871,511
TOTAL EXPENSES $3,169,197

Year-over-Year Comparison

2022 2021 Change
Revenue $2,751,189 $1,512,584 +0.8%
Expenses $3,169,197 $1,364,037 +1.3%
Net Income $-418,008 $148,547 -3.8%
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

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Governance

Voting Members
3
Independent Members
3
Employees
8
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
3
$144,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES F SHAFFER PRESIDENT 50.00
Officer
$144,000 $0 $144,000
L FREDERICK WILLIAMS JR SECRETARY 3.00
Officer
$0 $0 $0
MICHAEL HASTINGS TREASURER 3.00
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
2023 $2,751,189 $3,169,197 No data $-418,008
2022 $1,512,584 $1,364,037 $4,645,790 $148,547
2021 No data $208,946 $1,926,660 No data
2020 $550,000 $639,389 $639 $-89,389
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