Spring Valley Community Developmen… - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

Patricia Caldwell

Phone

8453560148

Tax Period

2023-01-01 to 2023-12-31

Spring Valley Community Development Corp d/b/a Corporation for Community Progress, founded in 1978, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

Provide for the rehabilitation, management and rental of residential buildings for the low income community of Spring Valley, New York.

Program Service Accomplishments

Program 1

Expenses: $718,694 Revenue: $1,063,621

Provide for the rehabilitation, management and rental of residential buildings for the low income community of Spring Valley, New York.

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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 $0

Program Service Revenue $1,063,621

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,063,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $460,862

Fundraising Expenses $0

Program Expenses $718,694

Other Expenses $679,239

TOTAL EXPENSES $1,140,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,063,621	$1,193,162	-0.1%
Expenses	$1,140,101	$1,140,871	0.0%
Net Income	$-76,480	$52,291	-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

Governance

Voting Members

Independent Members

N/A

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
Valarie Foster	Director	3.00	Director	$0	$0	$0
Charlene Weaver	Director	3.00	Officer Director	$0	$0	$0
Patricia Caldwell	Manager	40.00	Highest	$143,040	$0	$143,040

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	$1,063,621	$1,140,101	$290,136	$-76,480
2022	$1,193,162	$1,140,871	$368,812	$52,291
2021	$1,056,142	$1,171,847	$416,996	$-115,705
2020	$921,166	$1,048,568	$347,265	$-127,402
2019	$865,051	$1,050,171	$407,904	$-185,120
2018	$1,140,570	$1,002,473	$590,215	$138,097

Spring Valley Community Development Corp d/b/a Corporation for Community Progress