Civic Intelligence

Virginia Equal Housing Foundation

990 • Fiscal year 2023 • EIN 54-1963797

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 29, 2024

Organization ProfileN/A
626 E Broad Street Suite 400Richmond, VA 23219

(804) 354-0641

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.02x

Higher debt load relative to assets than 21% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

79th percentile

0.97x

Higher debt load relative to revenue than 79% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

3rd percentile

-127%

Higher net margin than 3% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

32nd percentile

0.7%

Faster asset growth than 32% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

13th percentile

-27%

Faster revenue growth than 13% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets21st percentile

Assets

Flat

$10,111,560

Flat from 2023

Net Assets

Flat

$9,876,703

Flat from 2023

Liabilities

Flat

$234,857

Flat from 2023

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin3rd percentile

Revenue

Flat

$242,581

Flat from 2023

Expenses

Flat

$551,016

Flat from 2023

Net Income

Flat

-$308,435

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $9,564,152Liabilities 2011: $68,396Net Assets 2011: $9,495,7562011Assets 2012: $9,087,280Liabilities 2012: $136,287Net Assets 2012: $8,950,9932012Assets 2013: $8,246,015Liabilities 2013: $9,987Net Assets 2013: $8,236,0282013Assets 2014: $8,333,071Liabilities 2014: $0Net Assets 2014: $8,333,0712014Assets 2015: $7,900,287Liabilities 2015: $9,721Net Assets 2015: $7,890,5662015Assets 2016: $7,598,771Liabilities 2016: $9,489Net Assets 2016: $7,589,2822016Assets 2017: $8,016,887Liabilities 2017: $62,641Net Assets 2017: $7,954,2462017Assets 2018: $8,506,509Liabilities 2018: $60,560Net Assets 2018: $8,445,9492018Assets 2019: $8,755,373Liabilities 2019: $10,861Net Assets 2019: $8,744,5122019Assets 2020: $9,222,940Liabilities 2020: $11,455Net Assets 2020: $9,211,4852020Assets 2021: $11,350,710Liabilities 2021: $274,119Net Assets 2021: $11,076,5912021Assets 2022: $10,036,787Liabilities 2022: $609,442Net Assets 2022: $9,427,3452022Assets 2023: $10,111,560Liabilities 2023: $234,857Net Assets 2023: $9,876,7032023Assets 2023: $10,111,560Liabilities 2023: $234,857Net Assets 2023: $9,876,7032023Assets 2024: $10,706,407Liabilities 2024: $13,325Net Assets 2024: $10,693,0822024Assets 2025: $11,373,957Liabilities 2025: $0Net Assets 2025: $11,373,9572025

Highlighted filing

2023

Assets$10,111,560
Liabilities$234,857
Net Assets$9,876,703
Open 2023 Filing

Operations Trend

Revenue Growth13th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $726,651Expenses 2011: $1,275,293Net Income 2011: -$548,6422011Expenses 2012: $1,192,2382012Revenue 2013: $472,333Expenses 2013: $1,439,640Net Income 2013: -$967,3072013Revenue 2014: $598,342Expenses 2014: $953,190Net Income 2014: -$354,8482014Revenue 2015: $376,958Expenses 2015: $699,192Net Income 2015: -$322,2342015Revenue 2016: $174,780Expenses 2016: $463,561Net Income 2016: -$288,7812016Revenue 2017: $267,764Expenses 2017: $445,667Net Income 2017: -$177,9032017Revenue 2018: $265,629Expenses 2018: $95,743Net Income 2018: $169,8862018Revenue 2019: $373,407Expenses 2019: $311,474Net Income 2019: $61,9332019Revenue 2020: $235,275Expenses 2020: $46,956Net Income 2020: $188,3192020Revenue 2021: $820,481Expenses 2021: $316,262Net Income 2021: $504,2192021Revenue 2022: $330,766Expenses 2022: $394,788Net Income 2022: -$64,0222022Revenue 2023: $242,581Expenses 2023: $551,016Net Income 2023: -$308,4352023Revenue 2023: $242,581Expenses 2023: $551,016Net Income 2023: -$308,4352023Revenue 2024: $1,336,012Expenses 2024: $570,552Net Income 2024: $765,4602024Revenue 2025: $1,194,206Expenses 2025: $513,331Net Income 2025: $680,8752025

Highlighted filing

2023

Revenue$242,581
Expenses$551,016
Net Income-$308,435
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 29, 2024
Return Version
2022v5.0
Gross Receipts
$1,700,886
Mission and Program Overview

Mission

To provide long-term program support for housing opportunities made equal of virginia, inc.

The virginia equal housing foundation was formed for the benefit of its related party, housing opportunities made equal of virginia, inc., a 501(c)(3) tax-exempt organization. The mission for both organizations is to ensure equal access to housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,421,852$9,962,342▲ $540,490
Savings and Temporary Cash Investments$614,935$149,218▼ $465,717
Total Assets$10,036,787$10,111,560▲ $74,773
Liabilities
Accounts Payable and Accrued Expenses$609,442$234,857▼ $374,585
Total Liabilities$609,442$234,857▼ $374,585
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,427,345$9,876,703▲ $449,358
Total Net Assets Fund Balance$9,427,345$9,876,703▲ $449,358
Total Liabilities and Net Assets / Fund Balance$10,036,787$10,111,560▲ $74,773
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Meghan F HarrisChair
Agustin E RodriguezChair - Dec 2022
Adam NorthupDirector
Dessie B NashDirector
Marianne S McgheeDirector
Sharon Stewart-murphyDirector
Christy OmarzaiSecretary
Elizabeth GreenfieldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$242,581
Other Revenue
$0
Change in Net Assets
$-308,435
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$499,662
Other Expenses$51,354
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$499,662--$499,662
Fees for Service Investment Mgmnt Fees-$48,260-$48,260
Insurance-$3,069-$3,069
Other Expenses-$25-$25
Total Functional Expenses$499,662$51,354$0$551,016
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Housing Opportunities Made Equal of Virginia IncRichmond, VA501(c)(3)To Ensure Equal Access to Housing$499,661
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“The directors of vehf are appointed by the board of directors of housing opportunities made equal and vacancies in the board of directors may be filled at any time by the board of directors of housing opportunities made equal.”

Form 990, Part VI, Section A, Line 7B

“The directors of vehf are appointed by the board of directors of housing opportunities made equal and vacancies in the board of directors may be filled at any time by the board of directors of housing opportunities made equal. Directors may be removed, with or without cause, at any time by the board of directors of housing opportunities made equal.”

Form 990, Part VI, Section A, Line 8B

“Virginia equal housing foundation does not have any committees with the authority to act on behalf of the board of directors.”

Form 990, Part VI, Section B, Line 11B

“Virginia equal housing foundation's annual tax return is prepared by an independent cpa firm with assistance from the finance staff. A detailed review of the 990 is made by the officers of the vehf board. Thereafter, the 990 is made available to the full board in sufficient time to allow for comment or adjustment, if necessary. The return is then signed by the executive director and electronically sent to the irs.”

Form 990, Part VI, Section B, Line 12C

“Virginia equal housing foundation requires all board members to sign an annual conflict of interest statement, which sets out the policy in detail and how it is applied.”

Form 990, Part VI, Section C, Line 19

“Virginia equal housing foundation makes its governing documents, conflict of interest policy and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Virginia Equal Housing Foundation
EIN
54-1963797
Phone
8043540641
Address
626 E BROAD STREET SUITE 400, RICHMOND, VA 23219

Signing Officer

Name
Thomas Okuda Fitzpatrick
Title
Executive Director
Phone
8043540641
Signed
2024-02-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Okuda Fitzpatrick
Formed
1999
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
9

Preparer

Firm
Forvis Llp
Address
901 EAST CARY STREET SUITE 1000, RICHMOND, VA 23219
Preparer
Lakrisha J Castleberry
Phone
8042827636
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization changed neither its audit oversight process nor its cpa selection process during the year.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from income tax under the internal revenue code section 501(c)(3) and the tax statutes of the commonwealth of virginia; accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE TAX STATUTES OF THE COMMONWEALTH OF VIRGINIA; ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ENSURE EQUAL ACCESS TO HOUSING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0HOUSING OPPORTUNITIES MADE EQUAL OF VIRGINIA INC
IRS990ScheduleI/RecipientTable/RecipientEIN0237303018
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FUNDING FOR HOUSING OPPORTUNITES MADE EQUAL, INC. (H.O.M.E) IS APPROVED EVERY YEAR DURING THE BUDGET PROCESS. THE CFO TRACKS HOW MUCH FUNDS ARE GIVEN TO HOME ON A MONTHLY BASIS. IF H.O.M.E REQUIRES ADDITIONAL FUNDS, THE BOARD MUST APPROVE THE INCREASE. THE VEHF BOARD APPROVED AN ENDOWMENT SPENDING POLICY IN JUNE 2013 IN ORDER TO PRESERVE THE FOUNDATION RESOURCES. THE POLICY ESTABLISHES SUSTAINABLE DRAW-DOWN'S CONSISTENT WITH THE OVERALL RISK TOLERANCE OF THE FOUNDATION. THE GOAL IS TO PROVIDE ANNUAL SUPPORT TO HOME THAT DOES NOT EXCEED 5% OF A 3 YEAR MOVING AVERAGE OF THE ENDOWMENT MARKET VALUE BEGINNING IN FISCAL YEAR 2016 AND BEYOND.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DIRECTORS OF VEHF ARE APPOINTED BY THE BOARD OF DIRECTORS OF HOUSING OPPORTUNITIES MADE EQUAL AND VACANCIES IN THE BOARD OF DIRECTORS MAY BE FILLED AT ANY TIME BY THE BOARD OF DIRECTORS OF HOUSING OPPORTUNITIES MADE EQUAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTORS OF VEHF ARE APPOINTED BY THE BOARD OF DIRECTORS OF HOUSING OPPORTUNITIES MADE EQUAL AND VACANCIES IN THE BOARD OF DIRECTORS MAY BE FILLED AT ANY TIME BY THE BOARD OF DIRECTORS OF HOUSING OPPORTUNITIES MADE EQUAL. DIRECTORS MAY BE REMOVED, WITH OR WITHOUT CAUSE, AT ANY TIME BY THE BOARD OF DIRECTORS OF HOUSING OPPORTUNITIES MADE EQUAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VIRGINIA EQUAL HOUSING FOUNDATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VIRGINIA EQUAL HOUSING FOUNDATION'S ANNUAL TAX RETURN IS PREPARED BY AN INDEPENDENT CPA FIRM WITH ASSISTANCE FROM THE FINANCE STAFF. A DETAILED REVIEW OF THE 990 IS MADE BY THE OFFICERS OF THE VEHF BOARD. THEREAFTER, THE 990 IS MADE AVAILABLE TO THE FULL BOARD IN SUFFICIENT TIME TO ALLOW FOR COMMENT OR ADJUSTMENT, IF NECESSARY. THE RETURN IS THEN SIGNED BY THE EXECUTIVE DIRECTOR AND ELECTRONICALLY SENT TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4VIRGINIA EQUAL HOUSING FOUNDATION REQUIRES ALL BOARD MEMBERS TO SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT, WHICH SETS OUT THE POLICY IN DETAIL AND HOW IT IS APPLIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5VIRGINIA EQUAL HOUSING FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION CHANGED NEITHER ITS AUDIT OVERSIGHT PROCESS NOR ITS CPA SELECTION PROCESS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO ENSURE EQUAL ACCESS TO HOUSING
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0499662
IRS990/TotalFunctionalExpensesGrp/TotalAmt0551016
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS OKUDA FITZPATRICK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08043540641
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0440160260
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0901 EAST CARY STREET SUITE 1000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RICHMOND
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAKRISHA J CASTLEBERRY
ReturnHeader/ReturnTs02024-03-05T08:31:14-06:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,111,560
Liabilities
$234,857
Net assets
$9,876,703
Revenue
$242,581
Expenses
$551,016
Net income
-$308,435
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.4$0.00$11.4$1.19$0.51$0.68
2024Summary only. Only limited summary data is available for this year.$10.7$0.01$10.7$1.34$0.57$0.77
2023Detailed filing. Detailed filing data is available for this year.$10.1$0.23$9.88$0.24$0.55$0.31
2023Summary only. Only limited summary data is available for this year.$10.1$0.23$9.88$0.24$0.55$0.31
2022Summary only. Only limited summary data is available for this year.$10.0$0.61$9.43$0.33$0.39$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.4$0.27$11.1$0.82$0.32$0.50
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.22$0.01$9.21$0.24$0.05$0.19
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.76$0.01$8.74$0.37$0.31$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.51$0.06$8.45$0.27$0.10$0.17
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.02$0.06$7.95$0.27$0.45$0.18
2016Summary only. Only limited summary data is available for this year.$7.60$0.01$7.59$0.17$0.46$0.29
2015Detailed filing. Detailed filing data is available for this year.$7.90$0.01$7.89$0.38$0.70$0.32
2014Detailed filing. Detailed filing data is available for this year.$8.33$0.00$8.33$0.60$0.95$0.35
2013Summary only. Only limited summary data is available for this year.$8.25$0.01$8.24$0.47$1.44$0.97
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.09$0.14$8.95$1.19
2011Summary only. Only limited summary data is available for this year.$9.56$0.07$9.50$0.73$1.28$0.55