SIMPSON STREET DEVELOPMENT ASSOCIA… - 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

1970

Legal Domicile

Phone

7185891510

Tax Period

2024-07-01 to 2025-06-30

SIMPSON STREET DEVELOPMENT ASSOCIATION INC, founded in 1970, is a community nonprofit in the Employment sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE JOB TRAINING AND EMPLOYMENT TO YOUTH, AGES 14 TO 21, EDUCATIONAL TRAINING TO SCHOOL CHILDREN AND COMMUNITY SERVICES

Program Service Accomplishments

Program 1

Expenses: $986,313 Revenue: $1,160,570

EMPLOYMENT PROGRAM PROVIDES JOBS AND TRAINING TO 1200 YOUTH AGES 14-21

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,175,570

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,175,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,050,970

Fundraising Expenses $0

Program Expenses $986,313

Other Expenses $109,600

TOTAL EXPENSES $1,160,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,175,570	$1,066,267	+0.1%
Expenses	$1,160,570	$1,060,309	+0.1%
Net Income	$15,000	$5,958	+1.5%

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

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

$85,302

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARITA SMITH	EXECUTIVE DIRECTOR	35.00	Director	$85,302	$0	$85,302
ANGELA CENTANO	CHAIRPERSON	1.00	Director	$0	$0	$0
ERIK ARROYO	CO-CHAIRPERSON	1.00	Director	$0	$0	$0
JACQUELLINE ROSA	MEMBER	1.00	Director	$0	$0	$0
ROBERT BUTLER	MEMBER	1.00	Director	$0	$0	$0
FR CARLOS RORIGUEZ	TREASURER	1.00	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
2025	$1,175,570	$1,160,570	$199,756	$15,000
2024	$1,066,267	$1,060,309	$204,477	$5,958
2023	$1,056,766	$1,056,766	$245,160	No data
2022	$1,157,872	$1,157,872	$110,775	No data
2021	$1,088,434	$1,088,434	$193,150	No data
2020	$1,120,508	$1,122,559	$107,291	$-2,051
2019	$1,080,087	$1,080,592	$58,645	$-505

SIMPSON STREET DEVELOPMENT ASSOCIATION INC