LEGACY ONE DEVELOPMENT CORP (EIN 237046915) - 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

1966

Legal Domicile

Principal Officer

ANDREW WIMBISH

Phone

4124411239

Tax Period

2024-04-01 to 2025-03-31

LEGACY ONE DEVELOPMENT CORP, founded in 1966, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME INDIVIDUALS AND TO PROVIDE A SAFE AND NURTURING ENVIRONMENT FOR INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES THAT FOSTERS GROWTH, INDEPENDENCE AND CHOICE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,711,017

Investment Income $95,681

Other Revenue $0

TOTAL REVENUE $2,806,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,875,363

Fundraising Expenses $0

Program Expenses $2,488,471

Other Expenses $1,020,801

TOTAL EXPENSES $2,896,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,806,698	$2,696,669	+0.0%
Expenses	$2,896,164	$2,424,173	+0.2%
Net Income	$-89,466	$272,496	-1.3%

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

$150,355

Total Directors

$150,355

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW WIMBISH	PRESIDENT	40.00	Officer Director	$140,355	$0	$140,355
CURTIS HEFFLIN	CHAIRMAN	2.00	Officer Director	$10,000	$0	$10,000
NICOLE CORN	SECRETARY	2.00	Officer Director	$0	$0	$0
KENDRICK GWYNN	DIRECTOR	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
2025	$2,806,698	$2,896,164	$3,160,231	$-89,466
2024	$2,696,669	$2,424,173	$3,310,598	$272,496
2023	$2,130,259	$1,956,109	$2,659,888	$174,150
2022	$987,790	$1,099,282	$2,688,692	$-111,492
2021	$264,307	$491,400	$2,933,963	$-227,093
2020	$128,781	$286,425	$2,237,386	$-157,644
2019	$124,209	$195,183	$2,742,723	$-70,974
2018	$332,576	$230,491	$2,853,728	$102,085

LEGACY ONE DEVELOPMENT CORP