1850 NORTH CROSKEY DEVELOPMENT CORPORATION (EIN 205575302) - 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

KEVIN NOEL

Phone

2152327229

Tax Period

2023-01-01 to 2023-12-31

1850 NORTH CROSKEY DEVELOPMENT CORPORATION, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $281K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $388K exceeded revenue, resulting in a 38% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO ACQUIRE AND REHABILITATE REAL PROPERTY IN PHILADELPHIA, PA FOR LOW INCOME PERSONS AND TO OPERATE A 24 SINGLE ROOM RESIDENCE UNDER SECTION 221 OF THE NATIONAL HOUSING ACT.

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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 $236,354

Program Service Revenue $35,305

Investment Income $1,817

Other Revenue $7,156

TOTAL REVENUE $280,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $362,492

Other Expenses $388,138

TOTAL EXPENSES $388,138

Year-over-Year Comparison

	2023	2022	Change
Revenue	$280,632	$234,631	+0.2%
Expenses	$388,138	$401,108	0.0%
Net Income	$-107,506	$-166,477	-0.4%

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

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

$565,756

Total Directors

$565,756

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN NOEL	TREASURER	0.50	Officer Director	$0	$31,404	$254,776
S MARY SCULLION	PRESIDENT	0.50	Officer Director	$0	$62,690	$310,980
MARC GETSON	DIRECTOR	0.00	Director	$0	$0	$0
JIM PATERNO	SECRETARY	0.00	Director	$0	$0	$0
DAN HIRST	DIRECTOR	0.00	Director	$0	$0	$0
PROPERTY MANAGER	DIRECTOR	10.00	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	No data	No data	No data	No data
2023	$280,632	$388,138	$1,743,376	$-107,506
2022	$234,631	$401,108	$1,840,918	$-166,477
2021	$334,029	$359,594	$1,980,160	$-25,565
2020	$258,750	$302,471	$2,003,355	$-43,721
2019	$248,834	$314,989	$2,052,068	$-66,155
2018	$162,808	$296,983	$2,100,628	$-134,175

1850 NORTH CROSKEY DEVELOPMENT CORPORATION