UNION STREET CORRIDOR COMMUNITY DEVELOPMENT CORPORATION

EIN: 043289696 501(c)(3) Community Improvement

LYNN, MA

Total Revenue
$37,400
Total Expenses
$36,846
Total Assets
$468,334
Net Assets
$459,334
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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
1995
Legal Domicile
MA
Principal Officer
DARRELL MURKISON
Phone
7814777090
Tax Period
2020-07-01 to 2021-06-30

UNION STREET CORRIDOR COMMUNITY DEVELOPMENT CORPORATION, founded in 1995, is a micro nonprofit in the Community Improvement sector that reported $37K in total revenue in fiscal year 2020. Revenue decreased 19% compared to the prior year. Net assets of $459K represent 147 months of operating reserves.

Mission

TO REHABILITATE REAL ESTATE

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $37,400
Investment Income $0
Other Revenue $0
TOTAL REVENUE $37,400

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $36,846
Other Expenses $36,846
TOTAL EXPENSES $36,846

Year-over-Year Comparison

2020 2019 Change
Revenue $37,400 $46,237 -0.2%
Expenses $36,846 $52,744 -0.3%
Net Income $554 $-6,507 -1.1%
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

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
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
3
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALYSHA BINGHAM DIRECTOR 1.00
Director
$0 $0 $0
KATRINA BINGHAM DIRECTOR 1.00
Director
$0 $0 $0
TYRONE BROWN DIRECTOR 1.00
Director
$0 $0 $0
ANDREW BURTON DIRECTOR 1.00
Director
$0 $0 $0
EBONY DAVIS DIRECTOR 1.00
Director
$0 $0 $0
JAIME FIGUEROA DIRECTOR 1.00
Director
$0 $0 $0
DAMON HARRISON DIRECTOR 1.00
Director
$0 $0 $0
MINETTE LALL DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM LOTT CLERK 2.00
Officer Director
$0 $0 $0
NICOLE MCCLAIN DIRECTOR 1.00
Director
$0 $0 $0
NATASHA MEGIE-MADDREY DIRECTOR 1.00
Director
$0 $0 $0
DARRELL MURKISON PRESIDENT/EX 5.00
Officer Director
$0 $0 $0
NADINE MURKISON DIRECTOR 1.00
Director
$0 $0 $0
ERNIE PANIAS DIRECTOR 1.00
Director
$0 $0 $0
EVELYN PANIAS DIRECTOR 1.00
Director
$0 $0 $0
GABRIELLE PITCHER DIRECTOR 1.00
Director
$0 $0 $0
GAIL RAYNDLES TREASURER 2.00
Officer Director
$0 $0 $0
ROY RHODES DIRECTOR 1.00
Director
$0 $0 $0
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
2021 $37,400 $36,846 $468,334 $554
2020 $46,237 $52,744 $458,780 $-6,507
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