St Michaels Redevelopment Corporation

EIN: 205120614 501(c)(3) Housing & Shelter

St Michaels, MD

Total Revenue
$40
Total Expenses
$14,122
Total Assets
$280,369
Net Assets
$179,617
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
MD
Principal Officer
Don Bibb
Phone
4107455121
Tax Period
2021-01-01 to 2021-12-31

St Michaels Redevelopment Corporation, founded in 2006, is a micro nonprofit in the Housing & Shelter sector that reported $40 in total revenue in fiscal year 2021. Revenue decreased 20% compared to the prior year. Expenses of $14K exceeded revenue, resulting in a 35205% operating deficit.

Mission

TO ASSIST VARIOUS GOVERNMENT ENTITIES IN PROVIDING AND DEVELOPING HOUSING OPPORTUNITIES FOR THE LOW INCOME POPULATION

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $40
Other Revenue $0
TOTAL REVENUE $40

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,947
Other Expenses $14,122
TOTAL EXPENSES $14,122

Year-over-Year Comparison

2021 2020 Change
Revenue $40 $50 -0.2%
Expenses $14,122 $3,903 +2.6%
Net Income $-14,082 $-3,853 +2.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTIE FOUNTAIN DIRECTOR 1
Director
$0 $0 $0
JENNIFER WILLIAMS DIRECTOR 1
Director
$0 $0 $0
DON BIBB CEO 5
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
2021 $40 $14,122 $280,369 $-14,082
2020 $50 $3,903 $294,427 $-3,853
Explore More Nonprofits
→Top 100 Nonprofits in Maryland →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare St Michaels Redevelopment Corporation with other nonprofits in Maryland and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.