THE LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS (EIN 112890302) - 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

1987

Legal Domicile

Principal Officer

VAL HENRY

Phone

7184678800

Tax Period

2023-01-01 to 2023-12-31

THE LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS, founded in 1987, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.5M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS, INC. ("LDCCH") WAS ORGANIZED IN NOVEMBER 1987 AS A NOT-FOR-PROFIT CHARITABLE CORPORATION WHOSE PURPOSE WAS TO RELIEVE AND REDUCE UNEMPLOYMENT, INTER ALIA, AND WAS LATER AMENDED TO INCLUDE PROVIDING HOUSING ACCOMMODATIONS TO PERSONS AND FAMILIES OF LOW INCOME, AS WELL AS OPERATING CERTAIN PROGRAMS TO SUPPORT THE SURROUNDING COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $206,833

Program Service Revenue $700,000

Investment Income $318,128

Other Revenue $1,150

TOTAL REVENUE $1,226,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $592,748

Fundraising Expenses $0

Program Expenses $179,910

Other Expenses $877,671

TOTAL EXPENSES $1,470,419

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,226,111	$1,270,264	0.0%
Expenses	$1,470,419	$1,132,590	+0.3%
Net Income	$-244,308	$137,674	-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

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

$190,738

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES E THOMAS	CHAIRMAN	0.25	Officer Director	$0	$0	$0
ALECIA MASON	VICE-CHAIR	0.25	Officer Director	$0	$0	$0
CORY SARGEANT	TREASURER PRO TEM	0.25	Officer Director	$0	$0	$0
MICHAEL BAILEY ESQ	MEMBER	0.25	Director	$0	$0	$0
SONIA CLARKE	MEMBER	0.25	Director	$0	$0	$0
STEVE CROMITY SR	MEMBER	0.25	Director	$0	$0	$0
ALLYSON FRANKLIN ESQ	MEMBER	0.25	Director	$0	$0	$0
VON JOSEPH	MEMBER	0.25	Director	$0	$0	$0
KENNETH LAIDLOW	MEMBER	0.25	Director	$0	$0	$0
VICTORIA POWE-BITTLE	MEMBER	0.25	Director	$0	$0	$0
KENNETH L PYLE SR	MEMBER	0.25	Director	$0	$0	$0
MILDRED SMITH	MEMBER	0.25	Director	$0	$0	$0
VAL HENRY	PRESIDENT/CEO	35.00	Officer	$183,568	$7,170	$190,738
CARMEN MARTINEZ	OFFICE MANAGER/OUTREACH DIRECTOR	40.00	Highest	$123,553	$1,533	$125,086

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	No data	No data	No data	No data
2023	$1,226,111	$1,544,041	$12,860,552	$-317,930
2023	$1,226,111	$1,470,419	$12,934,174	$-244,308
2022	$1,270,264	$1,132,590	$10,056,426	$137,674
2021	$1,226,376	$1,024,799	$9,824,769	$201,577
2020	$1,222,274	$828,841	$2,663,145	$393,433
2019	$1,761,036	$749,994	$2,414,004	$1,011,042
2018	$1,167,194	$599,215	$1,390,071	$567,979
2018	$1,156,228	$583,961	$1,398,333	$572,267

THE LOCAL DEVELOPMENT CORPORATION OF CROWN HEIGHTS