ADVENT COMMUNITY DEVELOPMENT CORPO… - 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

TRENT OGILVIE

Phone

9313885203

Tax Period

2024-01-01 to 2024-12-31

ADVENT COMMUNITY DEVELOPMENT CORPORATION, founded in 2008, is a micro nonprofit in the Housing & Shelter sector that reported $93K in total revenue in fiscal year 2024. Expenses of $132K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO PROMOTE AND DEVELOP AFFORDABLE HOUSING AND RELATED SERVICES TO LOW AND MODERATE INCOME HOUSEHOLDS IN COLUMBIA, TN AND THE SURROUNDING AREA.

Program Service Accomplishments

Program 1

Expenses: $123,957 Revenue: $93,324

TO PROMOTE AND DEVELOP AFFORDABLE HOUSING AND RELATED SERVICES TO LOW AND MODERATE INCOME HOUSEHOLDS IN COLUMBIA, TN AREA.

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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 $93,324

Investment Income $0

Other Revenue $0

TOTAL REVENUE $93,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $123,957

Other Expenses $132,174

TOTAL EXPENSES $132,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,324	$89,513	+0.0%
Expenses	$132,174	$104,749	+0.3%
Net Income	$-38,850	$-15,236	+1.5%

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

$156,417

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS SNEED	CHAIRMAN	0.05	Officer Director	$0	$0	$0
JADONNA SECREST	VICE CHAIRMAN	0.05	Officer Director	$0	$0	$0
SARAH HARRIS BARRY	COMMISSIONER	0.05	Director	$0	$0	$0
JEFF LOWERY	COMMISSIONER	0.05	Director	$0	$0	$0
LACEY SAMUEL	COMMISSIONER	0.05	Director	$0	$0	$0
TRENT OGILVIE	EXECUTIVE DIRECTOR	2.00	Officer	$0	$4,062	$156,417

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	No data	No data	No data	No data
2024	$93,324	$132,174	$628,483	$-38,850
2023	$89,513	$104,749	$698,007	$-15,236
2022	$85,882	$101,336	$738,319	$-15,454
2021	$147,832	$100,779	$647,683	$47,053
2020	$80,911	$86,902	$621,593	$-5,991
2019	$93,699	$76,990	$568,732	$16,709
2018	$74,425	$93,489	$572,585	$-19,064

ADVENT COMMUNITY DEVELOPMENT CORPORATION