ANTIOCH DEVELOPMENT CORPORATION

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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

2009

Legal Domicile

Principal Officer

lena gates

Phone

7184534589

Tax Period

2022-01-01 to 2022-12-31

ANTIOCH DEVELOPMENT CORPORATION, founded in 2009, is a micro nonprofit in the Housing & Shelter sector that reported $96K in total revenue in fiscal year 2022. Revenue fell 84% from the prior year — a significant decline worth monitoring. Net assets of $255K represent 32 months of operating reserves.

Mission

DREAMS young adult Training Program is Antioch Development Corps Brooklyn based alternative school and vocational training program tha thelps provide opportunity for youth ages 17-24 obtain high school equivalence diplomas

Program Service Accomplishments

Program 1

Expenses: $84,705

program accomplishments related to Dreams were successful in assisting students in obtaining general equivalency diplomas. The program provides preparation and skill building necessary for...

program accomplishments related to Dreams were successful in assisting students in obtaining general equivalency diplomas. The program provides preparation and skill building necessary for participants to excel on the high school equvalency exam.

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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 $86,097

Program Service Revenue $10,000

Investment Income $13

Other Revenue $0

TOTAL REVENUE $96,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,458

Fundraising Expenses $0

Program Expenses $84,705

Other Expenses $49,074

TOTAL EXPENSES $97,532

Year-over-Year Comparison

	2022	2021	Change
Revenue	$96,110	$593,759	-0.8%
Expenses	$97,532	$267,735	-0.6%
Net Income	$-1,422	$326,024	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRYL C TOWNS	CHAIR	005.00	Officer Director	$0	$0	$0
NANCY RAMOS	VICE CHAIR	005.00	Officer Director	$0	$0	$0
LENA S GATES	TREASURER	005.00	Officer Director	$0	$0	$0
TINA R WATKINS	FINANCIAL SECRETARY	005.00	Officer Director	$0	$0	$0
LORI WEAVER	SECRETARY	005.00	Officer Director	$0	$0	$0
CINDI VAN PATTEN	DIRECTOR	001.00	Director	$0	$0	$0
DR CHRIS SMITH	DIRECTOR	001.00	Director	$0	$0	$0
SHEILA CARPENTER	DIRECTOR	001.00	Director	$0	$0	$0
TANIA REDMAN	DIRECTOR	001.00	Director	$0	$0	$0
ROBERT M WATERMAN	DIRECTOR	001.00	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
2022	$96,110	$97,532	$598,073	$-1,422
2021	$593,759	$267,735	$597,282	$326,024
2020	$455,800	$143,852	$461,948	$311,948