Virginia Housing Alliance

What it reported doing in 2025

Program service area 1 - statewide policy, advocacy, and education vha leads statewide efforts to expand affordable housing and end homelessness through research, public education, coalition-building, and advocacy at the state and federal levels. During the 2025 general assembly session, vha educated legislators and advocated in support of its policy agenda, including hb 2245, enacted legislation requiring tax assessors to use the income approach when valuing affordable housing properties. Vha participated in the department of taxation's implementation stakeholder group, helping develop a standard income-and-expense reporting form and training for both assessors and affordable housing providers. Vha also supported the 4 million expansion of the housing opportunity tax credit (to 64 million annually) and continued capacity building funding for continuum of care agencies. Vha advanced the second year of its 5,000 families campaign, a cross-sector public education initiative to establish state-funded rental assistance for low-income families with school-age children. The campaign's first general assembly press conference generated television, radio, and print coverage reaching an estimated audience of more than 260,000, and the general assembly's adopted budget included 20 million for the pilot program. Vha's annual advocacy day convened 53 member advocates in richmond for at least 33 meetings with legislators, supported by a three-part training series covering advocacy skills and Virginia's housing policy landscape. During the session, 330 advocates responded to vha's calls to action, sending nearly 4,000 messages to state lawmakers. Vha convenes and staffs Virginia's continuum of care network, holding monthly statewide meetings of coc lead agencies and local planning groups to identify effective practices for ending homelessness, share learnings across urban and rural regions, and coordinate responses to state and federal policy developments. In 2025, the network's work included coordinated data collection on the impact of federal coc grant changes, a federal advocacy 101 training, research mapping local ordinances affecting people experiencing homelessness, and a comprehensive two-year network evaluation to guide future strategy. At the federal level, vha responded to significant changes in the housing funding landscape by launching monthly federal policy briefing calls, conducting educational meetings with nearly all of Virginia's congressional offices, and leading Virginia's delegation at the national low income housing coalition policy forum, meeting with six members of congress. Additionally, vha produced congressional district housing profile and partnered with housingforward Virginia to develop a federal housing action tracker and interactive federal funding sources for housing in Virginia dashboard to inform policymakers, partners, funders, and advocates of the impact of federal policy changes.

Financial Efficiency

• Mission deployment rate: 48.8%; rating input score 49
• Program expense ratio: 65.9%; rating input score 66
• Fundraising efficiency: $13.48 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 78th 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: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 25.9%; rating input score 79; 79th percentile among comparable filings
• Total-asset coverage ratio: 1.11; rating input score 46; 46th percentile among comparable filings
• Liabilities to assets ratio: 0.22; rating input score 24; 24th percentile among comparable filings
• Officer compensation ratio: 10.7%; rating input score 35; 35th percentile among comparable filings

Growth

• Program expense growth: 4.4% per year; rating input score 100; 34th percentile among comparable filings
• Revenue growth: 10.1% per year; rating input score 100; 61st percentile among comparable filings
• Asset growth: 18.6% per year; rating input score 100; 76th percentile among comparable filings