FRIENDSHIP COMMUNITY DEVELOPMENT CORPORATION (EIN 161764549) - 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

2006

Legal Domicile

Principal Officer

GERALD AGEE

Phone

5104596615

Tax Period

2025-01-01 to 2025-12-31

FRIENDSHIP COMMUNITY DEVELOPMENT CORPORATION, founded in 2006, is a micro nonprofit in the Crime & Legal sector that reported $52K in total revenue in fiscal year 2025. Revenue surged 200% from the prior year, signaling strong growth momentum. Expenses of $72K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROVIDE ACCESSIBLE HOMEBUYER RESOURCES,AFFORDABLE HOUSING TO LOW-INCOME, POOR, DISTRESSED FAMILIES AND SENIORS,AND INFORMATION FOR FIRST TIME HOMEOWNERS,AND OTHERS TO ENABLE THEM HAVE A BETTER OPPORTUNITY TO LIVE IN A DECENT AND AFFORDABLE HOUSING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $52,059

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $52,059

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,816

Fundraising Expenses $0

Program Expenses $55,718

Other Expenses $22,013

TOTAL EXPENSES $71,829

Year-over-Year Comparison

	2025	2024	Change
Revenue	$52,059	$17,330	+2.0%
Expenses	$71,829	$162,336	-0.6%
Net Income	$-19,770	$-145,006	-0.9%

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

$29,450

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD AGEE	CEO	40.00	Officer	$29,450	$0	$29,450
EMMA ROBERTS	TREASURER	5.00		$0	$0	$0
ALESIA AGEE	SECRETARY	20.00		$11,010	$0	$11,010
RUDOLF CHRIS CHRISTOVALE	BOARD MEMBER	2.00		$0	$0	$0
ELLA WATSON	BOARD MEMBER	2.00		$0	$0	$0
JUSTUS SAMUELS	BOARD MEMBER	2.00		$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	$52,059	$71,829	$209	$-19,770
2024	No data	No data	No data	No data
2023	$277,388	$113,970	$165,623	$163,418

FRIENDSHIP COMMUNITY DEVELOPMENT CORPORATION