2700 DIAMOND DEVELOPMENT CORPORATION

EIN: 233041374 501(c)(3)

PHILADELPHIA, PA

Total Revenue
N/A
Total Expenses
$164,208
Total Assets
N/A
Net Assets
N/A
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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
2000
Legal Domicile
PA
Principal Officer
JOAN MCCONNON
Phone
2152327229
Tax Period
2021-01-01 to 2021-12-10

Mission

THE PURPOSE OF THE ORGANIZATION IS TO ACQUIRE AND REHABILITATE REAL PROPERTY IN PHILADELPHIA, PA AND OPERATE AN 8 UNIT RESIDENCE UNDER SECTION 221 OF THE NATIONAL HOUSING ACT.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $164,077
Other Expenses $164,208
TOTAL EXPENSES $164,208

Year-over-Year Comparison

2021 2020 Change
Revenue N/A $1,059,123 -1.0%
Expenses $164,208 $190,879 -0.1%
Net Income N/A $868,244 N/A
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

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Governance

Voting Members
5
Independent Members
3
Employees
N/A
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
2
$534,647
Total Directors
6
$534,647
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOAN DAWSON MCCONNON TREASURER 1.00
Officer Director
$0 $76,318 $360,646
S MARY SCULLION PRESIDENT 1.00
Officer Director
$0 $63,429 $174,001
DAN HIRST DIRECTOR 0.00
Director
$0 $0 $0
MIKE BREEN DIRECTOR 0.00
Director
$0 $0 $0
ALICE HERRON DIRECTOR 0.00
Director
$0 $0 $0
PROPERTY MANAGER DIRECTOR 6.00
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
2021 No data $164,208 No data No data
2020 $1,059,123 $190,879 $182,725 $868,244
2019 $160,104 $223,032 $798,481 $-62,928
2018 $148,346 $210,777 $857,178 $-62,431
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