COLE STREET DEVELOPMENT CORPORATION

EIN: 264536445 Community Improvement

MARIETTA, GA

Total Revenue
$2,094,082
Total Expenses
$744,741
Total Assets
$11,446,138
Net Assets
$8,780,091
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
GA
Principal Officer
BRIAN MCNAIR
Phone
7704195143
Tax Period
2024-01-01 to 2024-12-31

COLE STREET DEVELOPMENT CORPORATION, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 64% operating margin.

Mission

RESPOND TO AFFORDABLE HOUSING NEEDS BY ACQUIRING RESOURCES, FINANCIAL AND OTHERWISE, AND APPLYING THEM TO ELIGIBLE PUBLIC-PRIVATE PROJECTS IN A MANNER THAT MAXIMIZES BENEFITS TO THE COUNTY AND IS FULLY COMPLIANT WITH THE GOVERNMENTAL HOUSING PROGRAMS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,572,250
Program Service Revenue $437,780
Investment Income $84,052
Other Revenue $0
TOTAL REVENUE $2,094,082

Expense Breakdown

Grants Paid $0
Salaries & Benefits $175,264
Fundraising Expenses $0
Program Expenses $744,741
Other Expenses $569,477
TOTAL EXPENSES $744,741

Year-over-Year Comparison

2024 2023 Change
Revenue $2,094,082 $1,469,281 +0.4%
Expenses $744,741 $690,606 +0.1%
Net Income $1,349,341 $778,675 +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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
1
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
4
$80,780
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN MCNAIR PRESIDENT / 30.00
Officer
$80,780 $0 $80,780
LIZ POSTON TREASURER/SE N/A
Officer Director
$0 $0 $0
ALLEN KRIVSKY CHAIR N/A
Officer Director
$0 $0 $0
MITCH HUNTER VICE CHAIR N/A
Officer Director
$0 $0 $0
KRISTIN MCDONALD DIRECTOR N/A
Director
$0 $0 $0
CAROLYN RICHARDSON DIRECTOR N/A
Director
$0 $0 $0
ROBERT KELLEY DIRECTOR N/A
Director
$0 $0 $0
GREG LUCAS DIRECTOR N/A
Director
$0 $0 $0
LAING HEIDT DIRECTOR N/A
Director
$0 $0 $0
SHAWANDA WASHINGTON DIRECTOR N/A
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 $2,094,082 $744,741 $11,446,138 $1,349,341
2023 $1,469,281 $690,606 $10,073,223 $778,675
2022 $708,614 $674,808 $9,240,973 $33,806
2021 $1,354,911 $652,308 $9,957,009 $702,603
2020 $1,022,050 $617,732 $8,713,762 $404,318
2019 $1,200,075 $463,928 $8,213,087 $736,147
2018 $829,628 $475,980 $7,607,866 $353,648
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