CITADEL OF PRAISE AND WORSHIP

EIN: 113274553 501(c)(3) Religion

BROOKLYN, NY

Total Revenue
$271,372
Total Expenses
$297,167
Total Assets
N/A
Net Assets
N/A
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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
1996
Legal Domicile
NY
Principal Officer
REV KEVIN BOND
Phone
9175593662
Tax Period
2021-01-01 to 2021-12-31

CITADEL OF PRAISE AND WORSHIP, founded in 1996, is a small nonprofit in the Religion sector that reported $271K in total revenue in fiscal year 2021. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

PENTECOSTAL CHURCH/ RELIGIOUS

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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 (2021)

Revenue Breakdown

Contributions & Grants $271,372
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $271,372

Expense Breakdown

Grants Paid $3,276
Salaries & Benefits $15,586
Fundraising Expenses $0
Program Expenses $248,458
Other Expenses $278,305
TOTAL EXPENSES $297,167

Year-over-Year Comparison

2021 2020 Change
Revenue $271,372 $235,985 +0.1%
Expenses $297,167 $218,756 +0.4%
Net Income $-25,795 $17,229 -2.5%
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
7
Independent Members
7
Employees
N/A
Volunteers
2

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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV KEVIN BOND PRESIDENT 15.00
Officer 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 $271,372 $297,167 No data $-25,795
2020 $235,985 $218,756 $403,059 $17,229
2019 $251,183 $255,424 No data $-4,241
2018 $260,713 $177,093 No data $83,620
2017 $295,890 $192,743 No data $103,147
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