REVITALIZE COMMUNITY DEVELOPMENT C… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

COLLEEN LOVELESS

Phone

4137880014

Tax Period

2024-07-01 to 2025-06-30

REVITALIZE COMMUNITY DEVELOPMENT CORPORATION, founded in 1992, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

REVITALIZING HOMES, NEIGHBORHOODS AND LIVES THROUGH PRESERVATION, EDUCATION AND COMMUNITY INVOLVEMENT.

Program Service Accomplishments

Program 1

Expenses: $2,577,934 Revenue: $991,488

WORKING TO PRESERVE AFFORDABLE HOMEOWNERSHIP AND REVITALIZE NEIGHBORHOODS BY PROVIDING FREE HOME REPAIRS TO HOMEOWNERS IN NEED. THE INCREASING COST OF LIVING AND DECREASING SOCIAL SERVICE BUDGETS...

WORKING TO PRESERVE AFFORDABLE HOMEOWNERSHIP AND REVITALIZE NEIGHBORHOODS BY PROVIDING FREE HOME REPAIRS TO HOMEOWNERS IN NEED. THE INCREASING COST OF LIVING AND DECREASING SOCIAL SERVICE BUDGETS, LEAVE OUR MOST VULNERABLE NEIGHBORS WITHOUT THE MOST BASIC OF NECESSITIES: A WARM, SAFE AND DRY HOME.

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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 $1,685,504

Program Service Revenue $991,488

Investment Income $54,105

Other Revenue $0

TOTAL REVENUE $2,731,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,282,915

Fundraising Expenses $101,958

Program Expenses $2,577,934

Other Expenses $1,429,806

TOTAL EXPENSES $2,712,721

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,731,097	$3,816,095	-0.3%
Expenses	$2,712,721	$3,154,123	-0.1%
Net Income	$18,376	$661,972	-1.0%

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

629

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

$196,282

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLLEEN LOVELESS	PRESIDENT	40.00	Officer	$181,780	$14,502	$196,282
JOHN ROBINSON	BOARD CHAIRM	1.00	Officer Director	$0	$0	$0
MATTHEW BANNISTER	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
VANESSA COFER	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
BEN LEONARD	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
JASON NILES	TREASURER	1.00	Officer Director	$0	$0	$0
MOYAH SMITH	CLERK	1.00	Officer Director	$0	$0	$0
ROBERT AZEEZ	DIRECTOR	1.00	Director	$0	$0	$0
SHERLEEN CRESPO	DIRECTOR	1.00	Director	$0	$0	$0
DAWN CREIGHTON	DIRECTOR	1.00	Director	$0	$0	$0
GREGG DESMARAIS	DIRECTOR	1.00	Director	$0	$0	$0
SYLENA ECHEVARRIA	DIRECTOR	1.00	Director	$0	$0	$0
ESTHER HUDSON	DIRECTOR	1.00	Director	$0	$0	$0
DEWAYNE KELLY	DIRECTOR	1.00	Director	$0	$0	$0
RANI KFURI	DIRECTOR	1.00	Director	$0	$0	$0
CHRISSY KIDDY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH A KULIG	DIRECTOR	1.00	Director	$0	$0	$0
JUAN LATORRE III	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA MCFARLAND-GRAY	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA PABON-HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
JANA SEILER	DIRECTOR	1.00	Director	$0	$0	$0
GARY STONE	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN YOUMANS	DIRECTOR	1.00	Director	$0	$0	$0
CHELSEA MCGRATH	DIRECTOR OF	40.00	Highest	$100,500	$5,000	$105,500

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
2025	$2,731,097	$2,712,721	$3,873,907	$18,376
2024	$3,816,095	$3,154,123	$4,077,612	$661,972
2023	$2,781,681	$2,673,198	$2,805,602	$108,483
2022	$3,011,381	$1,832,175	$2,186,985	$1,179,206
2021	$1,631,716	$1,416,667	$1,147,655	$215,049
2020	$1,011,378	$653,953	$1,032,855	$357,425
2019	$620,101	$563,319	$489,765	$56,782
2018	$676,891	$646,234	$473,639	$30,657

REVITALIZE COMMUNITY DEVELOPMENT CORPORATION