Virginia Housing Development Authority Retiree Health Care Plan
Retiree Health Care Plan Demonstrates Strong Asset Growth and Minimal Expenses.
EIN: 207238585 · Orlando, FL · NTEE: Y43 · Updated: 2026-03-28
Is Virginia Housing Development Authority Retiree Health Care Plan Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Virginia Housing Development Authority Retiree Health Care Plan directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Virginia Housing Development Authority Retiree Health Care Plan
Virginia Housing Development Authority Retiree Health Care Plan (EIN: 207238585) is a nonprofit organization based in Orlando, FL, classified under NTEE code Y43. The organization reported total revenue of $8.5M and total assets of $60.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Housing Development Authority Retiree Health Care Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Housing Development Authority Retiree Health Care Plan is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.2M |
| Total Expenses | $900K |
| Surplus / Deficit | +$5.3M |
| Total Assets | $54.1M |
| Net Assets | $54.1M |
| Operating Margin | 85.5% |
| Months of Reserves | 720.6 months |
Financial Health Grade: A
In 2023, Virginia Housing Development Authority Retiree Health Care Plan reported a surplus of $5.3M with revenue exceeding expenses, holds 720.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Virginia Housing Development Authority Retiree Health Care Plan's revenue has grown at a compound annual growth rate (CAGR) of 13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.1% | -41.0% | +10.9% |
| 2022 | +7.2% | — | +10.6% |
| 2021 | +20.1% | -100.0% | +15.2% |
| 2020 | +33.5% | +1.7% | +12.3% |
| 2019 | -16.0% | +21.3% | +9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Virginia Housing Development Authority Retiree Health Care Plan with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Virginia Housing Development Authority Retiree Health Care Plan allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.3M, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers of this specific plan receive direct compensation, which is a positive sign for financial efficiency and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Virginia Housing Development Authority Retiree Health Care Plan:
- Consistent and significant asset growth (from $19.7M in 2014 to $60.8M currently).
- Zero reported liabilities across all filing periods, indicating strong financial health.
- Very low expense ratio relative to revenue, demonstrating efficient fund management.
- No officer compensation reported, suggesting resources are fully dedicated to the plan's purpose.
- Consistent filing history (13 filings) indicating good transparency and compliance.
Frequently Asked Questions about Virginia Housing Development Authority Retiree Health Care Plan
Is Virginia Housing Development Authority Retiree Health Care Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, Virginia Housing Development Authority Retiree Health Care Plan (EIN: 207238585) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Virginia Housing Development Authority Retiree Health Care Plan spend its money?
Virginia Housing Development Authority Retiree Health Care Plan directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Virginia Housing Development Authority Retiree Health Care Plan tax-deductible?
Virginia Housing Development Authority Retiree Health Care Plan is registered as a tax-exempt nonprofit (EIN: 207238585). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Virginia Housing Development Authority Retiree Health Care Plan financially stable?
Yes, the plan is highly financially stable, with consistently growing assets (e.g., from $19.7M in 2014 to $60.8M currently) and zero reported liabilities across all filings, indicating a very strong balance sheet.
How efficiently does the plan manage its funds?
The plan manages its funds very efficiently. Expenses are consistently low relative to revenue (e.g., $900,052 in expenses against $6,222,724 in revenue in 2023), suggesting that most funds are retained or invested for the plan's purpose rather than being spent on overhead.
Does the organization pay its executives?
No, the organization consistently reports 0% officer compensation in its IRS 990 filings, meaning no direct compensation is paid to its officers.
Filing History
IRS 990 filing history for Virginia Housing Development Authority Retiree Health Care Plan showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Virginia Housing Development Authority Retiree Health Care Plan's revenue has grown by 331.8%, moving from $1.4M to $6.2M. Total assets increased by 291.6% over the same period, from $13.8M to $54.1M. Total functional expenses rose by 276.5%, from $239K to $900K. In its most recent filing year (2023), Virginia Housing Development Authority Retiree Health Care Plan reported a surplus of $5.3M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.2M | $900K | $54.1M | $0 | — | View 990 |
| 2022 | $6.2M | $1.5M | $48.7M | $0 | — | View 990 |
| 2021 | $5.8M | $0 | $44.1M | $0 | — | View 990 |
| 2020 | $4.8M | $641K | $38.3M | $0 | — | View 990 |
| 2019 | $3.6M | $630K | $34.1M | $0 | — | View 990 |
| 2018 | $4.3M | $519K | $31.1M | $0 | — | View 990 |
| 2017 | $3.5M | $494K | $27.3M | $0 | — | View 990 |
| 2016 | $2.6M | $431K | $24.3M | $0 | — | View 990 |
| 2015 | $2.8M | $396K | $22.2M | $0 | — | View 990 |
| 2014 | $2.6M | $315K | $19.8M | $0 | — | View 990 |
| 2013 | $2.4M | $273K | $17.5M | $0 | — | View 990 |
| 2012 | $1.8M | $261K | $15.3M | $0 | — | — |
| 2011 | $1.4M | $239K | $13.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.2M, expenses of $900K, and assets of $54.1M (revenue +0.1% year-over-year).
- 2022: Revenue of $6.2M, expenses of $1.5M, and assets of $48.7M (revenue +7.2% year-over-year).
- 2021: Revenue of $5.8M, expenses of $0, and assets of $44.1M (revenue +20.1% year-over-year).
- 2020: Revenue of $4.8M, expenses of $641K, and assets of $38.3M (revenue +33.5% year-over-year).
- 2019: Revenue of $3.6M, expenses of $630K, and assets of $34.1M (revenue -16.0% year-over-year).
- 2018: Revenue of $4.3M, expenses of $519K, and assets of $31.1M (revenue +24.8% year-over-year).
- 2017: Revenue of $3.5M, expenses of $494K, and assets of $27.3M (revenue +31.9% year-over-year).
- 2016: Revenue of $2.6M, expenses of $431K, and assets of $24.3M (revenue -5.1% year-over-year).
- 2015: Revenue of $2.8M, expenses of $396K, and assets of $22.2M (revenue +4.4% year-over-year).
- 2014: Revenue of $2.6M, expenses of $315K, and assets of $19.8M (revenue +7.9% year-over-year).
- 2013: Revenue of $2.4M, expenses of $273K, and assets of $17.5M (revenue +39.7% year-over-year).
- 2012: Revenue of $1.8M, expenses of $261K, and assets of $15.3M (revenue +21.6% year-over-year).
- 2011: Revenue of $1.4M, expenses of $239K, and assets of $13.8M.
Data Sources and Methodology
This transparency report for Virginia Housing Development Authority Retiree Health Care Plan is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.