DESTINY COMMUNITY DEVELOPMENT CORPORATION (EIN 200203845) - 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

2007

Legal Domicile

Phone

7324510777

Tax Period

2023-01-01 to 2023-12-31

DESTINY COMMUNITY DEVELOPMENT CORPORATION, founded in 2007, is a small nonprofit that reported $603K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

PROGRAMS AND SERVICES ADDRESSING THE PERSONAL NEEDS OF COMMUNITY RESIDENTS WHO REQUIRE ASSISTANCE TO IMPROVE THE QUALITY OF LIFE FOR THEMSELVES AND THEIR FAMILIES.

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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 $11,259

Program Service Revenue $591,471

Investment Income $0

Other Revenue $0

TOTAL REVENUE $602,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $349,112

Fundraising Expenses $0

Program Expenses $575,496

Other Expenses $280,776

TOTAL EXPENSES $629,888

Year-over-Year Comparison

	2023	2022	Change
Revenue	$602,730	$662,240	-0.1%
Expenses	$629,888	$623,062	+0.0%
Net Income	$-27,158	$39,178	-1.7%

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

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

$109,460

Total Directors

$109,460

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH SORCE	President	20.00	Officer Director	$109,460	$0	$109,460
JOE CAPPABIANCA	Vice President	8.00	Officer Director	$0	$0	$0
BARBARA SORCE	Treasurer	8.00	Officer 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	No data	No data	No data	No data
2023	$602,730	$629,888	$1,075,893	$-27,158
2022	$662,240	$623,062	$1,125,576	$39,178
2021	$739,939	$698,271	$1,152,693	$41,668
2020	$577,158	$555,823	$1,121,302	$21,335
2019	$570,007	$528,251	$1,100,915	$41,756
2018	$641,382	$625,813	$1,106,492	$15,569

DESTINY COMMUNITY DEVELOPMENT CORPORATION