Abundant Life Community Development Corp

EIN: 270758422 501(c)(3) Human Services

New Castle, DE

Total Revenue
$1,188,606
Total Expenses
$1,183,115
Total Assets
$205,276
Net Assets
$-54,030
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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
DE
Principal Officer
Ellis Fagbami
Phone
3029836436
Tax Period
2024-01-01 to 2024-12-31

Abundant Life Community Development Corp, founded in 2007, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

To provide day habilitation and prevocational training programs to Delaware State Communities

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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 $0
Program Service Revenue $979,138
Investment Income $0
Other Revenue $209,468
TOTAL REVENUE $1,188,606

Expense Breakdown

Grants Paid $0
Salaries & Benefits $793,894
Fundraising Expenses $0
Program Expenses $1,042,551
Other Expenses $389,221
TOTAL EXPENSES $1,183,115

Year-over-Year Comparison

2024 2023 Change
Revenue $1,188,606 $960,405 +0.2%
Expenses $1,183,115 $852,882 +0.4%
Net Income $5,491 $107,523 -0.9%
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

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Governance

Voting Members
5
Independent Members
3
Employees
37
Volunteers
3

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
1
$88,400
Total Directors
3
$53,130
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ellis Fagbami Executive Director 40.00
Officer
$88,400 $0 $88,400
Lucy Fagbami Director 20.00
Director
$53,130 $0 $53,130
Folarin Osundina Director 1.00
Director
$0 $0 $0
Kehinde Abegunde 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 $1,188,606 $1,183,115 $205,276 $5,491
2023 $960,405 $852,882 $186,078 $107,523
2022 $627,543 $538,804 No data $88,739
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