IMPACT COMMUNITY DEVELOPMENT CORPORATION (EIN 030496558) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Principal Officer

NATACHA CLESCA

Phone

9737831010

Tax Period

2024-01-01 to 2024-12-31

IMPACT COMMUNITY DEVELOPMENT CORPORATION, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 56% operating margin.

Mission

THE MISSION OF IMPACT COMMUNITY DEVELOPMENT CORPORATION IS EMPOWERING PEOPLE, ENGAGING IN STRATEGIC BUSINESS PARTNERSHIPS, BUILDING HEALTHY AND SUSTAINABLE COMMUNITIES, AND RENEWING NEIGHBORHOOD PRIDE THROUGH EDUCATION, RESOURCE DEVELOPMENT AND ADVOCACY.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,901,753

Program Service Revenue $0

Investment Income $1,361

Other Revenue $5,511

TOTAL REVENUE $1,908,625

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,659

Fundraising Expenses $0

Program Expenses $293,931

Other Expenses $657,714

TOTAL EXPENSES $839,373

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,908,625	$1,334,839	+0.4%
Expenses	$839,373	$553,030	+0.5%
Net Income	$1,069,252	$781,809	+0.4%

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

Governance

Voting Members

Independent Members

Employees

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

$1,026,746

Total Directors

$688,042

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV DAVID D IRELAND PHD	CEO/PRESIDENT	1.00	Officer Director	$0	$18,150	$327,169
REV MARLINDA K IRELAND	TREASURER	1.00	Officer Director	$0	$117	$113,761
REV ANTHONY D FRANKLIN	VICE PRESIDENT	1.00	Officer Director	$0	$20,342	$133,812
REV RONALD GONZALEZ	SECRETARY	1.00	Officer Director	$0	$18,150	$113,300
REV BARBARA FRANKLIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
REV WILLIE FREEMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NATACHA CLESCA	CHIEF FINANCIAL OFFICER	6.00	Officer	$0	$30,074	$153,181
RAY VELEZ	CHIEF OPERATING OFFICER	1.00	Officer	$0	$30,074	$185,523

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
2024	$1,908,625	$839,373	$3,565,333	$1,069,252
2023	$1,334,839	$553,030	$2,133,452	$781,809
2022	$1,003	$87,763	$19,822	$-86,760
2021	$31,020	$132,892	$97,678	$-101,872
2020	$69,724	$126,817	$789,412	$-57,093
2019	$86,017	$168,372	$1,054,529	$-82,355
2018	$67,424	$124,129	$1,095,607	$-56,705

IMPACT COMMUNITY DEVELOPMENT CORPORATION