BEULAH LAND DEVELOPMENT CORPORATION

EIN: 061419774 501(c)(3) Housing & Shelter

NEW HAVEN, CT

Total Revenue
$588,519
Total Expenses
$204,325
Total Assets
$1,163,216
Net Assets
$649,776
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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
1990
Legal Domicile
CT
Principal Officer
DARRELL BROOKS
Phone
8602573426
Tax Period
2022-07-01 to 2023-06-30

BEULAH LAND DEVELOPMENT CORPORATION, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $589K in total revenue in fiscal year 2022. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $384K, a strong 65% operating margin.

Mission

NONPROFIT DEVELOPER OF INNER CITY LOW INCOME HOUSING

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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 (2022)

Revenue Breakdown

Contributions & Grants $439,390
Program Service Revenue $0
Investment Income $149,129
Other Revenue $0
TOTAL REVENUE $588,519

Expense Breakdown

Grants Paid $0
Salaries & Benefits $49,245
Fundraising Expenses $0
Program Expenses $76,615
Other Expenses $155,080
TOTAL EXPENSES $204,325

Year-over-Year Comparison

2022 2021 Change
Revenue $588,519 $308,972 +0.9%
Expenses $204,325 $207,063 0.0%
Net Income $384,194 $101,909 +2.8%
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

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Governance

Voting Members
11
Independent Members
10
Employees
3
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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY MARX DIRECTOR 2.00
Director
$0 $0 $0
TYRONE POOLE DIRECTOR 2.00
Director
$0 $0 $0
THEODORE BROOKS DIRECTOR 2.00
Officer Director
$0 $0 $0
STEVEN MAASBACH DIRECTOR 2.00
Officer Director
$0 $0 $0
THOMAS WHITE JR DIRECTOR 2.00
Officer Director
$0 $0 $0
CHARLES BLANGO DIRECTOR 2.00
Director
$0 $0 $0
WILLIAM I MATHIS BOARD VICE CHAIR 2.00
Director
$0 $0 $0
SCOTT HURWITZ DIRECTOR 2.00
Director
$0 $0 $0
ALISON CUNNINGHAM BOARD CHAIR 2.00
Officer Director
$0 $0 $0
ALTHEA BROOKS DIRECTOR 2.00
Director
$0 $0 $0
DARRELL BROOKS CEO 40.00
Officer
$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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $588,519 $204,325 $1,163,216 $384,194
2022 $308,972 $207,063 $834,675 $101,909
2020 $431,404 $486,505 $824,704 $-55,101
2019 $591,583 $340,703 $842,453 $250,880
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