Vb Home Now Inc

Nonprofit profile at a glance

EIN
811460498
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Virginia Beach, VA, USA
Phone
7573855760
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Homeless Centers

Official website

Reported finances

Revenue
$123,202
Expenses
$188,356
Assets
$658,096
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • Raymond Bjorkman (President)
  • Deborah Baisden (Vice President)

People named in this filing

  • Raymond Bjorkman (President)
  • Deborah Baisden (Vice President)
  • Theodore Salter (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Organization's mission is to mobilize the local community to help the neediest among us by supporting and enhancing the community system of services, programs, and facilities that work to prevent and make homelessness rare, brief and nonrecurring. The mission is accomplished through fund raising and providing resources into the community.

What it reported doing in 2025

The organization provided funds to the Housing Resource Center ("HRC") and the Virginia Beach Department of Housing and Neighborhood Preservation to provide rental and utility deposits for homeless persons to obtain housing, pay rent for needy persons to prevent them from being evicted from their homes and becoming homeless, upgrades to the family shelter at HRC, and for various supplies utilized by residents at HRC. Specifically, during 2025, $87,200 was used to pay apartment complexes and property owners to prevent needy persons from being evicted from their homes and provide security deposits and rent to obtain housing for persons that were homeless; $13,000 was spent to upgrade the family shelter facilities and security cameras at HRC: and $6,994 for transportation of residents to and from HRC. The HRC is a one-stop facility designed to meet the full range of needs for individuals and families facing housing instability. Services provided by HRC include shelter, primary health care, case management, eviction assistance, day services and more. HRC was the first facility in Hampton Roads, Virginia to integrate and co-locate shelter, housing and ancillary homeless support services in one building. The HRC provides 29 one-bedroom efficiency apartments; 10 motel-style family shelter rooms (40 beds); 87 single shelter beds; day services that include showers, laundry, mail and housing support; a dining hall providing meals to day services and HRC shelter participants; a comprehensive primary care health center; and various homeless and human services. As a snapshot, during 2025, 64 families experiencing unsheltered homelessness requested shelter and 24 families were served in the HRC family shelter program. HRC provides the only emergency shelter in Virginia Beach specifically for families with children under 18 who are experiencing homelessness unrelated to domestic violence.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 83
  • Accountability: 88
  • Sustainability: 40
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.7%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 83.3%; rating input score 83; 2nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 94.4%; rating input score 94; 57th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -52.9%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 3.49; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 2.6% per year; rating input score 100; 40th percentile among comparable filings
  • Revenue growth: -2.7% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: 3.3% per year; rating input score 100; 36th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.7% of spending went to programs
  • Governance: 12 of 12 board members independent · 5 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $186K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 16 of 18 current checks pass · 2 findings to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.