WYANDANCH COMMUNITY DEVELOPMENT CORPORATION (EIN 112325394) - 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

1971

Legal Domicile

Principal Officer

SONDRA COCHRAN

Phone

6316434786

Tax Period

2022-07-01 to 2023-06-30

WYANDANCH COMMUNITY DEVELOPMENT CORPORATION, founded in 1971, is a small nonprofit in the Community Improvement sector that reported $697K in total revenue in fiscal year 2022. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $647K left a modest 7% surplus.

Mission

THE MISSION OF WYANDANCH COMMUNITY DEVELOPMEMT CORP (WYANDANCH CDC) IS TO PROVIDE HOUSING TO QUALIFIED INCOME ELIGIBLE RESIDENTS OF THE COMMUNITY. TO ACCOMPLISH THIS WYANDANCH CDC CONDUCTS AND PARTICIPATES IN DEVELOPMENT, SERVICES AND HOUSING PROJECTS DESIGNED TO PRESERVE THE COMMUNITY, PROTECT THE HEALTH AND SAFETY OF THE RESIDENTS AND PROMOTE SELF HELP PROGRAMS TO REVITALIZE THE AREA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $177,859

Program Service Revenue $243,953

Investment Income $275,153

Other Revenue $0

TOTAL REVENUE $696,965

Expense Breakdown

Grants Paid $0

Salaries & Benefits $378,964

Fundraising Expenses $0

Program Expenses $304,851

Other Expenses $268,444

TOTAL EXPENSES $647,408

Year-over-Year Comparison

	2022	2021	Change
Revenue	$696,965	$487,285	+0.4%
Expenses	$647,408	$639,527	+0.0%
Net Income	$49,557	$-152,242	-1.3%

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

$186,364

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SADIE BADON	CHAIR	5.00	Officer Director	$0	$0	$0
CHARLES REED	VICE CHAIR	1.00	Officer Director	$0	$0	$0
VIRGINIA DAWSON-TAYLOR	SECRETARY	1.00	Officer Director	$0	$0	$0
BETTY CAMPBELL	TREASURER	1.00	Officer Director	$0	$0	$0
ROSIATINA PARKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDRA MORGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHIRLEY WASHINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
SONDRA COCHRAN	EXECUTIVE DI	35.00	Officer	$171,452	$14,912	$186,364

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
2023	$696,965	$647,408	$1,423,620	$49,557
2022	$487,285	$639,527	$1,363,410	$-152,242
2021	$721,730	$589,170	$1,602,591	$132,560
2020	$569,475	$581,383	$1,546,874	$-11,908
2019	$440,526	$520,450	$1,439,392	$-79,924

WYANDANCH COMMUNITY DEVELOPMENT CORPORATION