CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION (EIN 042752507) - 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

1981

Legal Domicile

Principal Officer

GAIL LATIMORE

Phone

6178254224

Tax Period

2024-01-01 to 2024-12-31

CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION, founded in 1981, is a community nonprofit in the Community Improvement sector that reported $9.9M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 44% operating margin.

Mission

TO DEVELOP AFFORDABLE HOUSING AND GENERATE NEIGHBORHOOD STABILIZATION AND ECONOMIC DEVELOPMENT

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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 $2,406,375

Program Service Revenue $3,687,985

Investment Income $2,796

Other Revenue $3,782,907

TOTAL REVENUE $9,880,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,956,672

Fundraising Expenses $11,721

Program Expenses $5,090,866

Other Expenses $2,565,592

TOTAL EXPENSES $5,522,264

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,880,063	$6,746,858	+0.5%
Expenses	$5,522,264	$5,207,169	+0.1%
Net Income	$4,357,799	$1,539,689	+1.8%

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

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

$540,409

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LATISHIA CROSBY-MUTURI	CHAIR	5.00	Officer Director	$0	$0	$0
KATHALENE CAIRNS MACPHERSON	BOARD MEMBER	5.00	Officer Director	$0	$0	$0
ANNETT MCCLANAHAN	TREASURER	5.00	Officer Director	$0	$0	$0
CARLA RICHARDS	SECRETARY	5.00	Officer Director	$0	$0	$0
LINDA MONTEIRO	ASSISTANT SECRETARY	5.00	Officer Director	$0	$0	$0
TANYA WESLEY-WHITE	BOARD MEMBER	5.00	Director	$0	$0	$0
WHITNEY DEMETRIUS	BOARD MEMBER	5.00	Director	$0	$0	$0
KEVIN BENJAMIN	BOARD MEMBER	5.00	Director	$0	$0	$0
MARGO BLACKWELL-MOQUIN	BOARD MEMBER	5.00	Director	$0	$0	$0
MARIDENA ROJAS	BOARD MEMBER	5.00	Director	$0	$0	$0
ALPHONSO PELEO	BOARD MEMBER	5.00	Director	$0	$0	$0
GAIL LATIMORE	EXECUTIVE DIRECTOR	40.00	Officer	$193,022	$21,215	$214,237
FUK WAH VINCENT LO	DIRECTOR OF FINANCE	40.00	Officer	$135,806	$23,322	$159,128
MARCIA THORNHILL	CHIEF OPERATING OFFICER	40.00	Officer	$155,923	$11,121	$167,044
MEREDITH GERAGHTY	VP OF BASE BUILDING STRATEGY	40.00	Highest	$118,567	$33,422	$151,989
TIMOTHY CAPLICE	DIRECTOR OF REAL ESTATE & ASSET MANAGEMENT	40.00	Highest	$140,860	$0	$140,860

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	$9,880,063	$5,522,264	$59,515,148	$4,357,799
2024	$9,880,063	$5,522,264	$59,515,148	$4,357,799
2023	$6,746,858	$5,207,169	$64,073,907	$1,539,689
2022	$7,754,039	$6,185,997	$52,535,494	$1,568,042
2021	$9,221,133	$9,482,621	$49,534,179	$-261,488
2020	$6,018,858	$6,089,733	$62,484,290	$-70,875
2019	$6,611,385	$5,695,453	$58,181,116	$915,932
2018	$6,452,368	$5,841,448	$53,138,179	$610,920

CODMAN SQUARE NEIGHBORHOOD DEVELOPMENT CORPORATION