CANAAN BAPTIST HOUSING DEV FUND CORP (EIN 133584871) - 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

1993

Legal Domicile

Principal Officer

THOMAS JOHNSON

Phone

2122225445

Tax Period

2024-01-01 to 2024-12-31

CANAAN BAPTIST HOUSING DEV FUND CORP, founded in 1993, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Expenses of $2.4M left a modest 4% surplus.

Mission

OPERATE APARTMENT BUILDING FOR SENIORS.

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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 $25,116

Program Service Revenue $2,453,975

Investment Income $12,482

Other Revenue $0

TOTAL REVENUE $2,491,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $407,124

Fundraising Expenses $0

Program Expenses $2,280,190

Other Expenses $1,992,165

TOTAL EXPENSES $2,399,289

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,491,573	$2,405,548	+0.0%
Expenses	$2,399,289	$2,103,313	+0.1%
Net Income	$92,284	$302,235	-0.7%

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
SHIRLEY CLAIBORNE	PRESIDENT	5.00	Officer Director	$0	$0	$0
RACHEL BROWN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
THOMAS D JOHNSON SR	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
TRACEY COLE-HAGANS	SECRETARY	5.00	Officer Director	$0	$0	$0
DOROTHEA CALDWELL-BROWN	BOARD MEMBER	5.00	Director	$0	$0	$0
DAKOTA PIPPINS	BOARD MEMBER	5.00	Director	$0	$0	$0
LORRAINE SMALLS	BOARD MEMBER	5.00	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
2024	$2,491,573	$2,399,289	$6,498,097	$92,284
2023	$2,405,548	$2,103,313	$6,090,471	$302,235
2022	$1,816,064	$2,014,597	$5,433,094	$-198,533
2021	$1,707,374	$1,967,498	$5,816,634	$-260,124
2020	$1,728,116	$1,891,122	$6,083,921	$-163,006
2019	$1,634,615	$1,784,401	$6,102,204	$-149,786
2018	$1,687,759	$1,765,389	$6,398,865	$-77,630

CANAAN BAPTIST HOUSING DEV FUND CORP