Crossroads Corporation for Afforda… - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

Glenn Boone

Phone

7043653555

Tax Period

2024-01-01 to 2024-12-31

Crossroads Corporation for Affordable Housing and Community Development Inc, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $946K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 44% operating deficit.

Mission

CrossRoads Corporation is a faith-based, nonprofit organization that through partnerships honors the history and supports the collective vision of rejuvenation, economic stability, healthy living, and educational achievement within the Grier Heights community.

Program Service Accomplishments

Program 1

Expenses: $409,864

Partnerships and Collective Impact: Program areas focuses on cultivating, stewarding and supporting network of nonprofit partners that provide services and experiences to Grier Heights residents.

Program 2

Expenses: $373,598

Housing Development and Homebuyer Pathway Program : New home construction, home renovation and sales. Developing pipeline of future homebuyers who meet our AMI levels for affordable housing buyers.

Program 3

Expenses: $66,268

Neighborhood Engagement: Supports improving the degree to which Grier Heights residents connect to programs and services we provide, programs and services partners provide, amplifying community...

Neighborhood Engagement: Supports improving the degree to which Grier Heights residents connect to programs and services we provide, programs and services partners provide, amplifying community voice, administering adult and youth mentoring programs and providing life navigator support to adult residents and families. Includes adminstering the disaster relief emergency hardship program,which includes awarding hardship relief grants.

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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 $918,210

Program Service Revenue $0

Investment Income $0

Other Revenue $27,477

TOTAL REVENUE $945,687

Expense Breakdown

Grants Paid $260,662

Salaries & Benefits $635,019

Fundraising Expenses $217,941

Program Expenses $881,368

Other Expenses $462,878

TOTAL EXPENSES $1,358,559

Year-over-Year Comparison

	2024	2023	Change
Revenue	$945,687	$1,277,505	-0.3%
Expenses	$1,358,559	$1,790,251	-0.2%
Net Income	$-412,872	$-512,746	-0.2%

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

$166,920

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tiffany Capers	President	55.00	Officer	$154,936	$11,984	$166,920
LaToya Gardner	Chair-Elect	1.00	Officer Director	$0	$0	$0
Joe Clifford	Chair	1.00	Officer Director	$0	$0	$0
Stacey Brown	Director	1.00	Director	$0	$0	$0
Bill Misiaveg	Director	1.00	Director	$0	$0	$0
James Pitts	Director	1.00	Director	$0	$0	$0
Rodney Belk	Director	1.00	Director	$0	$0	$0
Sara Rohrer	Director	1.00	Director	$0	$0	$0
Patty Arcia	Director	1.00	Director	$0	$0	$0
Brock Clark	Director	1.00	Director	$0	$0	$0
Annissa McDowell	Director	1.00	Director	$0	$0	$0
Miranda Solomon	Director	1.00	Director	$0	$0	$0
Megan White	Director	1.00	Director	$0	$0	$0
Wayne Johnson	Director	1.00	Director	$0	$0	$0
Neill McBryde	Director	1.00	Director	$0	$0	$0
Allison Preston	Secretary	1.00	Officer Director	$0	$0	$0
Rev Reggie Tuggle	Director	1.00	Director	$0	$0	$0
Glenn Boone	Director	1.00	Director	$0	$0	$0
Charlie Stewart	Treasurer	1.00	Officer Director	$0	$0	$0
Donnie Garris	Vice Chair	1.00	Officer Director	$0	$0	$0
Dwight Crawford	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	$945,687	$1,358,559	$2,830,692	$-412,872
2023	$1,277,505	$1,790,251	$4,035,410	$-512,746
2022	$3,266,959	$2,360,140	$4,510,540	$906,819
2021	$1,496,977	$1,225,749	$3,590,675	$271,228
2020	$2,580,644	$2,101,972	$3,211,469	$478,672
2019	$2,674,073	$2,721,777	$2,782,710	$-47,704
2018	$2,073,441	$2,211,713	$2,702,751	$-138,272

Crossroads Corporation for Affordable Housing and Community Development Inc