NCRC COMMUNITY DEVELOPMENT FUND INC (EIN 261269202) - 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

2007

Legal Domicile

Principal Officer

JESSE VAN TOL

Phone

2024642705

Tax Period

2023-01-01 to 2023-12-31

NCRC COMMUNITY DEVELOPMENT FUND INC, founded in 2007, is a major nonprofit in the Community Improvement sector that reported $164.7M in total revenue in fiscal year 2023. Revenue surged 11290% from the prior year, signaling strong growth momentum.

Mission

TO ACT AS A LENDING INSTITUTION TO LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES AND TO PROVIDE CREDIT TO LOW INCOME INDIVIDUALS AND BUSINESSES.

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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 $161,969,918

Program Service Revenue $2,471,808

Investment Income $230,157

Other Revenue $2,224

TOTAL REVENUE $164,674,107

Expense Breakdown

Grants Paid $156,669,431

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $162,669,028

Other Expenses $7,411,630

TOTAL EXPENSES $164,081,061

Year-over-Year Comparison

	2023	2022	Change
Revenue	$164,674,107	$1,445,810	+112.9%
Expenses	$164,081,061	$2,989,322	+53.9%
Net Income	$593,046	$-1,543,512	-1.4%

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

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

$263,849

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSE VAN TOL	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
IRVIN HENDERSON	TREASURER	2.00	Officer Director	$0	$0	$0
ROBERT DICKERSON JR	SECRETARY	2.00	Officer Director	$0	$0	$0
CHARLES HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
DONNA GAMBRELL	DIRECTOR	2.00	Director	$0	$0	$0
MARISA CALDERON	EXECUTIVE DIRECTOR	40.00	Officer	$0	$39,225	$263,849

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	$164,674,107	$164,081,061	$67,297,534	$593,046
2022	$1,445,810	$2,989,322	$60,523,002	$-1,543,512
2021	$6,859,194	$3,938,148	$59,265,863	$2,921,046
2020	$15,226,406	$790,512	$45,804,965	$14,435,894
2019	$550,285	$520,296	$31,221,884	$29,989
2018	$401,182	$418,619	$18,635,827	$-17,437

NCRC COMMUNITY DEVELOPMENT FUND INC