CHARLESTON REDEVELOPMENT CORPORATION (EIN 273715681) - 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

2012

Legal Domicile

Principal Officer

MR JONATHAN OAKMAN

Phone

8439701802

Tax Period

2023-01-01 to 2023-12-31

CHARLESTON REDEVELOPMENT CORPORATION, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $3.5M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.2M, a strong 62% operating margin.

Mission

TO FACILITATE, DEVELOP, AND ADVOCATE FOR NEIGHBORHOOD REVITALIZATION, AFFORDABLE HOUSING CONSTRUCTION, PRESERVATION AND ECONOMIC DEVELOPMENT IN CHARLESTON COUNTY

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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 $2,659,981

Program Service Revenue $850,524

Investment Income $751

Other Revenue $30,168

TOTAL REVENUE $3,541,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,031

Fundraising Expenses $1,313

Program Expenses $1,309,108

Other Expenses $1,157,906

TOTAL EXPENSES $1,334,937

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,541,424	$6,079,133	-0.4%
Expenses	$1,334,937	$2,804,516	-0.5%
Net Income	$2,206,487	$3,274,617	-0.3%

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

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

$87,108

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR JONATHAN OAKMAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
MRS GEONA SHAW-JOHNSON	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
MS CHERYL F FERRARO CPA	TREASURER	1.00	Officer Director	$0	$0	$0
MS DIANE HAMILTON	SECRETARY	1.00	Officer Director	$0	$0	$0
MR ELI POLIAKOFF ESQ	IMMED PAST P	1.00	Director	$0	$0	$0
MS CAROL JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MR OTHA MEADOWS	BOARD MEMBER	1.00	Director	$0	$0	$0
MR THERON SNYPE	BOARD MEMBER	1.00	Director	$0	$0	$0
MR KEVIN HOLINSHED	BOARD MEMBER	1.00	Director	$0	$0	$0
MS APRIL J WOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
MS LATONYA GAMBLE	BOARD MEMBER	1.00	Director	$0	$0	$0
MR GREGORY VOIGT	BOARD MEMBER	1.00	Director	$0	$0	$0
MR CASDELL SINGLETON	BOARD MEMBER	1.00	Director	$0	$0	$0
F A JOHNSON II ESQ	EXECUTIVE DI	40.00	Officer	$84,720	$2,388	$87,108

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	$3,541,424	$1,334,937	$19,669,371	$2,206,487
2022	$6,079,133	$2,804,516	$17,732,982	$3,274,617
2021	$5,936,655	$1,027,659	$14,293,974	$4,908,996
2020	$1,628,443	$486,363	$5,621,826	$1,142,080
2020	$5,628,443	$4,486,363	$5,621,826	$1,142,080
2019	$3,454,167	$43,601	$4,525,407	$3,410,566

CHARLESTON REDEVELOPMENT CORPORATION