TENTH MEMORIAL NON-PROFIT DEVELOPM… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

WILLIAM B MOORE

Phone

2152324902

Tax Period

2023-01-01 to 2023-12-31

TENTH MEMORIAL NON-PROFIT DEVELOPMENT CORPORATION, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2023.

Mission

PROVIDES LOW INCOME HOUSING FOR SENIOR CITIZENS AND FAMILIES SUBSIDIZED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Program Service Accomplishments

Program 1

Expenses: $1,008,775 Revenue: $1,034,456

PROVIDES 60 UNITS OF LOW INCOME APARTMENTS FOR SENIOR CITIZENS AND FAMILIES SUBSIDIZED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 $0

Program Service Revenue $1,034,008

Investment Income $448

Other Revenue $0

TOTAL REVENUE $1,034,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,152

Fundraising Expenses $0

Program Expenses $1,008,775

Other Expenses $840,623

TOTAL EXPENSES $1,008,775

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,034,456	$988,978	+0.0%
Expenses	$1,008,775	$952,008	+0.1%
Net Income	$25,681	$36,970	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV WILLIAM B MOORE	PRESIDENT	10.00	Officer Director	$0	$0	$0
JAMES CAULEY JR	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES W HORTON SR	DIRECTOR	2.00	Director	$0	$0	$0
HAZEL CARRAWELL	DIRECTOR	2.00	Director	$0	$0	$0
MARJORIE JETT-EL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ALICIA SMITH	SECRETARY/TREASURER	2.00	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	$1,034,456	$1,008,775	$1,505,392	$25,681
2022	$988,978	$952,008	$1,549,657	$36,970
2021	$965,041	$918,168	$1,644,603	$46,873
2020	$960,502	$914,387	$1,608,285	$46,115
2019	$938,997	$1,034,356	$1,646,012	$-95,359
2018	$921,061	$1,016,932	$1,795,338	$-95,871

TENTH MEMORIAL NON-PROFIT DEVELOPMENT CORPORATION