MACEDONIA REAL ESTATE COMMUNITY DE… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

WILLIE C BARNES

Phone

4079264148

Tax Period

2023-01-01 to 2023-12-31

MACEDONIA REAL ESTATE COMMUNITY DEVELOPMENT CORPORATION OF EATONVILLE FL, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $118K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $157K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO ACQUIRE REAL ESTATE AND/OR ASSET POSITIONS IN ORANGE COUNTY AND THETOWN OF EATONVILLE TO ENHANCE EMPLOYMENT AND ENTREPRENEURIAL ENDEAVORSWITHIN THE MINORITY BUSINESS POPULATION. THE DEVELOPMENT OF HOUSING FOR LOW AND MIDDLE INCOME RESIDENTS AND SENIOR CITIZENS WILL BE CREATED WITHIN THE COMMUNITY ON THE MANY VACANT LOTS OWNED AND/OR ACQUIRED TO CONTRIBUTE TO THE GROWTH OF THE COMMUNITY AND MUNICIPALITY.

Program Service Accomplishments

Program 1

Expenses: $156,706 Revenue: $117,972

MRECDC RENTS OUT RETAIL SPACE TO MINORITY BUSINESS OWNERS WITHIN THEEATONVILLE COMMUNITY. THIS ACTIVITY IS IMPORTANT FOR THE TOWN OFEATONVILLE TO SUSTAIN ITSELF AND GROW THROUGH RESIDENTIAL AND...

MRECDC RENTS OUT RETAIL SPACE TO MINORITY BUSINESS OWNERS WITHIN THEEATONVILLE COMMUNITY. THIS ACTIVITY IS IMPORTANT FOR THE TOWN OFEATONVILLE TO SUSTAIN ITSELF AND GROW THROUGH RESIDENTIAL AND BUSINESSTAX DOLLARS. IT IS THE DESIRE OF MRECDC TO EMPOWER INDIVIDUALSINTERESTED IN ESTABLISHING BUSINESSES WITHIN THE COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $117,972

Investment Income $0

Other Revenue $0

TOTAL REVENUE $117,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $156,706

Other Expenses $156,706

TOTAL EXPENSES $156,706

Year-over-Year Comparison

	2023	2022	Change
Revenue	$117,972	$85,024	+0.4%
Expenses	$156,706	$122,522	+0.3%
Net Income	$-38,734	$-37,498	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DENISE BEUMER	SECRETARY/DIRECTOR	Officer Director	$0	$0	$0
ALFRED LITTLE	TREASURER/DIRECTOR	Officer Director	$0	$0	$0
ROD HARRISON	DIRECTOR	Officer Director	$0	$0	$0
RACHAEL JOHNSON	DIRECTOR	Officer Director	$0	$0	$0
MICHAEL MOORE	DIRECTOR	Officer Director	$0	$0	$0
JACQUELINE TORBERT	DIRECTOR	Officer Director	$0	$0	$0
WILLIE BARNES	DIRECTOR	Officer 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	No data	No data	No data	No data
2023	$117,972	$156,706	$1,428,548	$-38,734
2022	$85,024	$122,522	$1,435,107	$-37,498
2021	$137,836	$207,341	$1,206,647	$-69,505
2020	$105,518	$197,280	$1,234,120	$-91,762

MACEDONIA REAL ESTATE COMMUNITY DEVELOPMENT CORPORATION OF EATONVILLE FL