BAREFIELD DEVELOPMENT CORPORATION (EIN 233015761) - 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

1999

Legal Domicile

Principal Officer

ROBERT M LESKIN

Phone

5706285335

Tax Period

2023-01-01 to 2023-12-31

BAREFIELD DEVELOPMENT CORPORATION, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $673K in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. Net assets of $3.9M represent 70 months of operating reserves.

Mission

TO PROVIDE HOUSING, ECONOMIC DEVELOPMENT, AND SUPPORTIVE SERVICES FOR LOW-INCOME PERSONS.

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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 $640,097

Investment Income $47,097

Other Revenue $-13,909

TOTAL REVENUE $673,285

Expense Breakdown

Grants Paid $9,520

Salaries & Benefits $161,063

Fundraising Expenses $0

Program Expenses $683,546

Other Expenses $545,212

TOTAL EXPENSES $715,795

Year-over-Year Comparison

	2023	2022	Change
Revenue	$673,285	$418,635	+0.6%
Expenses	$715,795	$666,178	+0.1%
Net Income	$-42,510	$-247,543	-0.8%

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

$41,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT M LESKIN	CHAIRMAN	5.00	Officer Director	$0	$0	$0
VINCENT P WYCHUNAS	VICE CHAIRMA	5.00	Officer Director	$0	$0	$0
VINCENT MACCARONE	TREASURER	2.00	Officer Director	$0	$0	$0
MARIE A WILSON	ASST. SEC.	5.00	Officer Director	$0	$0	$0
MICHAEL J DWYER	ASST. TREAS.	2.00	Officer Director	$0	$0	$0
CRAIG SL SHIELDS	EX.DIR./SEC.	15.00	Officer	$41,400	$0	$41,400

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	$673,285	$715,795	$4,763,654	$-42,510
2022	$418,635	$666,178	$4,601,176	$-247,543
2021	$467,214	$574,818	$4,949,550	$-107,604
2020	$445,320	$699,871	$4,879,469	$-254,551
2019	$622,233	$726,574	$5,448,925	$-104,341
2018	$503,839	$610,877	$4,969,289	$-107,038

BAREFIELD DEVELOPMENT CORPORATION