TAPESTRY DEVELOPMENT GROUP INC (EIN 272814156) - Form 990 Financial Analysis & Trantor Score

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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

2010

Legal Domicile

Principal Officer

JONATHAN R TOPPEN

Phone

4049976788

Tax Period

2023-01-01 to 2023-12-31

TAPESTRY DEVELOPMENT GROUP INC, founded in 2010, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $498K, a strong 46% operating margin.

Mission

FOSTER THE DEVELOPMENT OF AFFORDABLE HOUSING APARTMENTS FOR LOW TO MODERATE INCOME TENANTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $40,000

Program Service Revenue $1,019,120

Investment Income $27,509

Other Revenue $0

TOTAL REVENUE $1,086,629

Expense Breakdown

Grants Paid $0

Salaries & Benefits $373,174

Fundraising Expenses $0

Program Expenses $342,561

Other Expenses $215,345

TOTAL EXPENSES $588,519

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,086,629	$1,286,352	-0.2%
Expenses	$588,519	$787,443	-0.3%
Net Income	$498,110	$498,909	0.0%

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

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

$241,567

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE DELP	TREASURER	1.00	Director	$0	$0	$0
KATHLEEN R BROWNLEE	BOARD CHAIRMAN	1.00	Director	$0	$0	$0
JAMES R WINSTON	VICE CHAIRMAN	1.00	Director	$0	$0	$0
HOWARD L ROBINSON JR	DIRECTOR	1.00	Director	$0	$0	$0
RYAN FLEMING	OFFICER	1.00	Officer Director	$0	$0	$0
JONATHAN R TOPPEN	PRESIDENT	40.00	Officer	$241,567	$0	$241,567
HENRIETTA SNIPES	OFFICER	1.00	Officer	$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	$1,086,629	$588,519	$6,336,186	$498,110
2022	$1,286,352	$787,443	$5,226,643	$498,909
2021	$1,085,632	$777,865	$2,645,931	$307,767
2020	$929,851	$568,015	$1,723,439	$361,836
2019	$838,315	$555,984	$1,337,522	$282,331
2018	$556,916	$370,684	$1,159,321	$186,232

TAPESTRY DEVELOPMENT GROUP INC