CENTER CITY NEIGHBORHOOD DEVELOPMENT CORPORATION (EIN 161119263) - 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

1978

Legal Domicile

Principal Officer

GEORGE DREER

Phone

7162823738

Tax Period

2023-01-01 to 2023-12-31

CENTER CITY NEIGHBORHOOD DEVELOPMENT CORPORATION, founded in 1978, is a small nonprofit that reported $395K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $541K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO PROVIDE DIVERSIFIED HOUSING ASSISTANCE TO THE ECONOMICALLY DISADVANTAGED RESIDENTS OF THE CENTER CITY AREA OF NIAGARA FALLS.

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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 $11,159

Program Service Revenue $379,930

Investment Income $23

Other Revenue $3,408

TOTAL REVENUE $394,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $218,734

Fundraising Expenses $0

Program Expenses $433,147

Other Expenses $322,697

TOTAL EXPENSES $541,431

Year-over-Year Comparison

	2023	2022	Change
Revenue	$394,520	$531,530	-0.3%
Expenses	$541,431	$550,231	0.0%
Net Income	$-146,911	$-18,701	+6.9%

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

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

$132,435

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE DREER	PRESIDENT	5.00	Officer Director	$0	$0	$0
CONNIE HAMILTON-COOKE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KATHY FEAGINS	SECRETARY	5.00	Officer Director	$0	$0	$0
ROBERT VENTRY JR	TREASURER	5.00	Officer Director	$0	$0	$0
FRAN BOLTZ	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE SEALS	DIRECTOR	2.00	Director	$0	$0	$0
DAVID E SOLES	EXECUTIVE DIRECTOR	40.00	Officer	$68,839	$9,723	$78,562
DANIEL BORETOS	C.F.O.	40.00	Officer	$44,150	$9,723	$53,873

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	$394,520	$541,431	$1,077,056	$-146,911
2022	$531,530	$550,231	$1,168,898	$-18,701
2022	$512,720	$500,352	$1,162,602	$12,368
2021	$611,660	$540,087	$1,185,752	$71,573
2021	$681,938	$588,103	$1,156,305	$93,835
2020	$634,301	$726,493	$1,112,645	$-92,192
2019	$787,465	$847,275	$1,275,765	$-59,810
2018	$772,551	$892,319	$1,215,509	$-119,768

CENTER CITY NEIGHBORHOOD DEVELOPMENT CORPORATION