NICETOWN COMMUNITY DEVELOPMENT CORP

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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

ZAKARIYYA ABDUR RAHMAN

Phone

2153291824

Tax Period

2023-01-01 to 2023-12-31

NICETOWN COMMUNITY DEVELOPMENT CORP, founded in 1999, is a community nonprofit in the Community Improvement sector that reported $3.1M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $2.9M left a modest 5% surplus.

Mission

TO ESTABLISH A COMPREHENSIVE AND SOCIO-ECONOMIC DEVELOPMENT INITIATIVES FOR COMMUNITY RESIDENTS AND THE SURROUNDING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $134,778

NEIGHBORHOOD ADVISORY COUNCIL THIS PROGRAM PROVIDES SOCIAL SERVICES AND OTHER RESOURCES TO LOW TO MODERATE INCOME RESIDENTS INCLUDING ENERGY AND BUDGET COUNSELING, HOUSING AND SUPPORTIVE ASSISTANCE...

Program 2

Expenses: $113,062

COMMERCIAL CORRIDOR REVITALIZATION THIS PROGRAM IS DESIGNED TO HELP BUILD A "CLEAN & SAFE NEIGHBORHOOD TO REMOVE BLIGHT AND INCORPORATE SECURITY MEASURES, ASSIST BUSINESSES WITH FACADE IMPROVEMENTS AND IMPROVE NICETOWN PARK. IN ADDITION, NCDC HAS BEEN SELECTED AS THE DEVELOPER (PROJECT USER) FOR THE REDEVELOPMENT OF THE BARRETT PLAYGROUND LOCATED IN THE LOGAN SECTION OF PHILADELPHIA AND FOR REDEVELOPMENT OF THE SHEPARD PLAYGROUND LOCATED IN THE NORTHWEST SECTION OF PHILADELPHIA. THESE PROJECTS INVOLVE THE MULTIMILLION-DOLLAR REDEVELOPMENT OF THE BUILDINGS, PLAY AREAS, AND FIELDS AT THE SITES.

Program 3

Expenses: $2,131,073

REAL ESTATE DEVELOPMENT THIS PROGRAM HAS TWO COMPONENTS: THE TARGETED HOUSING PRESERVATION PROGRAM AND THE HOUSING REVITALIZATION PROGRAM. THE TARGETED HOUSING PRESERVATION PROGRAM IS DESIGNED TO...

REAL ESTATE DEVELOPMENT THIS PROGRAM HAS TWO COMPONENTS: THE TARGETED HOUSING PRESERVATION PROGRAM AND THE HOUSING REVITALIZATION PROGRAM. THE TARGETED HOUSING PRESERVATION PROGRAM IS DESIGNED TO PROVIDE AFFORDABLE HOUSING THROUGH THE DEVELOPMENT OF NEW HOMES. THE HOUSING REVITALIZATION PROGRAM IS DESIGNED TO PRESERVE EXISTING HOUSING STOCK UTILIZING ENERGY EFFICIENCY WHENEVER POSSIBLE TO ESTABLISH SUSTAINABILITY. IN ADDITION, NCDC DEVELOPS LOW-INCOME HOUSING TAX CREDIT PROJECTS.

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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 $2,997,647

Program Service Revenue $142,899

Investment Income $11,821

Other Revenue $-60,134

TOTAL REVENUE $3,092,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $721,450

Fundraising Expenses $148,399

Program Expenses $2,378,913

Other Expenses $2,210,627

TOTAL EXPENSES $2,932,077

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,092,233	$2,123,846	+0.5%
Expenses	$2,932,077	$2,267,355	+0.3%
Net Income	$160,156	$-143,509	-2.1%

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

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

$249,359

Total Directors

$154,606

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZAKARIYYA ABDUR RAHMAN	PRESIDENT/CE	50.00	Officer Director	$143,269	$11,337	$154,606
STANLEY CRAWFORD	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MAJEEDAH RASHID	COO	40.00	Officer	$94,753	$0	$94,753
RON BRIDGES	TREASURER	2.00	Officer Director	$0	$0	$0
SHARON POWELL-LEE	MEMBER	2.00	Director	$0	$0	$0
DELANA WARDLAW	MEMBER	2.00	Director	$0	$0	$0
EVANGELIST JOYCE BROOKS	ASSISTANT SE	2.00	Officer Director	$0	$0	$0
BARBARA LEDBETTER	SECRETARY	2.00	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
2024	No data	No data	No data	No data
2023	$3,092,233	$2,932,077	$938,187	$160,156
2022	$2,123,846	$2,267,355	$585,147	$-143,509
2021	$1,324,840	$1,425,556	$586,748	$-100,716
2020	$1,300,557	$1,574,685	$516,673	$-274,128
2019	$657,500	$700,889	$498,602	$-43,389
2018	$579,896	$553,541	$556,694	$26,355