HOLLY CITY DEVELOPMENT CORPORATION (EIN 223614788) - 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

Phone

8568258860

Tax Period

2024-10-01 to 2025-09-30

HOLLY CITY DEVELOPMENT CORPORATION is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $233K, a strong 22% operating margin.

Mission

CONTINUOUS COMMUNITY RENEWAL THROUGH THE AREAS OF: DEVELOPMENT AND REDEVELOPMENT OF REAL ESTATE; HOUSING CONSTRUCTION, REHABILITATION AND FINANCING; COMMUNITY BUILDING AND RESIDENT ENGAGEMENT AND ECONOMOIC 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 (2024)

Revenue Breakdown

Contributions & Grants $948,292

Program Service Revenue $119,220

Investment Income $286

Other Revenue $0

TOTAL REVENUE $1,067,798

Expense Breakdown

Grants Paid $126,578

Salaries & Benefits $212,116

Fundraising Expenses $0

Program Expenses $758,582

Other Expenses $495,618

TOTAL EXPENSES $834,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,067,798	$1,647,793	-0.4%
Expenses	$834,312	$830,117	+0.0%
Net Income	$233,486	$817,676	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DEPALMA	Trustee	0.50	Director	$0	$0	$0
JOHN KNOOP	Vice Chair	0.50	Officer Director	$0	$0	$0
JAMES PARENT	Board Chair	0.50	Officer Director	$0	$0	$0
MICHAEL SANTIAGO	Chairman	0.00	Director	$0	$0	$0
TINA GILLAM	Trustee	0.50	Director	$0	$0	$0
PAULA RING	Secretary	0.50	Officer Director	$0	$0	$0
CURTIS ZIMMERMAN	Trustee	0.50	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
2025	$1,067,798	$834,312	$2,403,819	$233,486
2024	$1,647,793	$830,117	$2,187,995	$817,676
2023	$1,039,071	$1,037,337	$1,444,595	$1,734
2022	$1,185,340	$1,077,870	$1,803,093	$107,470
2021	$685,865	$669,846	$1,181,523	$16,019
2020	$636,753	$383,383	$1,201,166	$253,370
2019	$764,940	$687,598	$1,138,487	$77,342
2018	$683,009	$649,787	$1,170,653	$33,222

HOLLY CITY DEVELOPMENT CORPORATION