COLVER DEVELOPMENT CORP (EIN 251475966) - 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

1971

Legal Domicile

Principal Officer

GREG NAGLE

Phone

8149484444

Tax Period

2023-01-01 to 2023-12-31

COLVER DEVELOPMENT CORP, founded in 1971, is a small nonprofit in the Housing & Shelter sector that reported $147K in total revenue in fiscal year 2023.

Mission

TO PROVIDE HUD SUBSIDIZED AFFORDABLE HOUSING 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 $66,782

Program Service Revenue $74,349

Investment Income $6,094

Other Revenue $0

TOTAL REVENUE $147,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,888

Fundraising Expenses $0

Program Expenses $160,416

Other Expenses $129,528

TOTAL EXPENSES $160,416

Year-over-Year Comparison

	2023	2022	Change
Revenue	$147,225	$138,143	+0.1%
Expenses	$160,416	$186,317	-0.1%
Net Income	$-13,191	$-48,174	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES CONTRES	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID LASOTA	DIRECTOR	1.00	Director	$0	$0	$0
GREG NAGLE	PRESIDENT	2.00	Officer Director	$0	$0	$0
DEACON ANN STAPLES	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WOJCIK	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$147,225	$160,416	$322,177	$-13,191
2022	$138,143	$186,317	$331,104	$-48,174
2021	$124,890	$159,990	$384,657	$-35,100
2020	$124,367	$154,295	$385,530	$-29,928
2019	$124,339	$100,793	$398,772	$23,546
2018	$109,205	$106,026	$361,045	$3,179

COLVER DEVELOPMENT CORP