Community Initiatives Development … - 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

1995

Legal Domicile

Principal Officer

Frances Brandt

Phone

9417565700

Tax Period

2023-01-01 to 2023-12-31

Community Initiatives Development Corporation, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $7.1M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year.

Mission

Assisting municipalities to aid residents.

Program Service Accomplishments

Program 1

Expenses: $7,258,541 Revenue: $6,021,542

Assist municipalities for economic development or affordable housing and to lessen the burdens of local governments to service the needs of their residents.

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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 $6,021,542

Investment Income $16,856

Other Revenue $1,084,679

TOTAL REVENUE $7,123,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,344

Fundraising Expenses $0

Program Expenses $7,258,541

Other Expenses $7,129,282

TOTAL EXPENSES $7,326,626

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,123,077	$8,661,238	-0.2%
Expenses	$7,326,626	$5,854,861	+0.3%
Net Income	$-203,549	$2,806,377	-1.1%

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

$110,200

Total Directors

$178,430

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Laurenzo	Chairman	0.50	Director	$0	$0	$0
Nelson Bregon	Vice Chairman	40.00	Director	$62,000	$6,230	$68,230
Frances Brandt	President	40.00	Officer Director	$100,000	$10,200	$110,200
Timothy Warfield	Secretary	0.50	Officer Director	$0	$0	$0
Anthony Marshall	Treasurer	0.50	Officer Director	$0	$0	$0
Britt Kobularcik	Director	0.50	Director	$0	$0	$0
Mary Ann Loewenstein	Director	0.50	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
2024	No data	No data	No data	No data
2023	$7,123,077	$7,326,626	$109,605,186	$-203,549
2022	$8,661,238	$5,854,861	$113,442,988	$2,806,377
2021	$5,207,829	$3,389,309	$81,733,971	$1,818,520
2020	$2,558,227	$2,374,451	$33,688,983	$183,776
2019	$1,878,097	$1,978,263	$24,598,933	$-100,166
2018	$1,980,820	$1,986,099	$17,307,164	$-5,279

Community Initiatives Development Corporation