FRANKFORD COMMUNITY DEVELOPMENT CORPORATION (EIN 232738932) - 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

1993

Legal Domicile

Phone

2157436580

Tax Period

2023-01-01 to 2023-12-31

FRANKFORD COMMUNITY DEVELOPMENT CORPORATION, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 176% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 61% operating margin.

Mission

The Frankford Community Development Corporation FCDC is dedicated to the asset-based development of Lower Northeast Philadelphia by focusing on job creation affordable and workforce housing development improving awareness and outcomes around health and wellness and the creative and sustainable improvement of public space.

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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 $3,085,536

Program Service Revenue $0

Investment Income $8,308

Other Revenue $115,067

TOTAL REVENUE $3,208,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $490,169

Fundraising Expenses $16,089

Program Expenses $862,091

Other Expenses $767,760

TOTAL EXPENSES $1,257,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,208,911	$1,161,717	+1.8%
Expenses	$1,257,929	$833,567	+0.5%
Net Income	$1,950,982	$328,150	+4.9%

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
Roger Tenant	President	5.00	Officer	$0	$0	$0
Philip Balderston	Vice President	3.00	Officer	$0	$0	$0
Sandra Scott	Secretary	2.00	Officer	$0	$0	$0
Rev Colleen Butler	Board member	2.00	Director	$0	$0	$0
Yusef Jamaladdin	Treasurer	3.00	Officer	$0	$0	$0
Kerri Detri	Board member	2.00	Director	$0	$0	$0
Maineva White	Board member	2.00	Director	$0	$0	$0
Steven Barret	Board member	2.00	Director	$0	$0	$0
Alma Rios	Board member	2.00	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	$3,208,911	$1,257,929	$10,121,892	$1,950,982
2022	$1,161,717	$833,567	$4,113,781	$328,150
2021	$1,489,751	$681,307	$3,497,736	$808,444
2020	$787,351	$624,196	$2,257,070	$163,155

FRANKFORD COMMUNITY DEVELOPMENT CORPORATION