L&B COMMUNITY DEVELOPMENT CORP

EIN: 273874397 501(c)(3) Human Services

BIRMINGHAM, AL

Total Revenue
$475,408
Total Expenses
$552,574
Total Assets
$930,203
Net Assets
$919,339
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
AL
Principal Officer
LLEWELYN HALEEM
Phone
2059250250
Tax Period
2024-01-01 to 2024-12-31

L&B COMMUNITY DEVELOPMENT CORP, founded in 2013, is a small nonprofit in the Human Services sector that reported $378K in total revenue in fiscal year 2018. Revenue surged 251% from the prior year, signaling strong growth momentum. Expenses of $366K left a modest 3% surplus.

Mission

TO PROVIDE DAYCARE SERVICES IN UNDERPRIVILEGED NEIGHBORHOODS

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $475,408
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $475,408

Expense Breakdown

Grants Paid $0
Salaries & Benefits $188,773
Fundraising Expenses $0
Program Expenses $50,950
Other Expenses $363,801
TOTAL EXPENSES $552,574

Year-over-Year Comparison

2024 2023 Change
Revenue $475,408 $825,089 -0.4%
Expenses $552,574 $541,612 +0.0%
Net Income $-77,166 $283,477 -1.3%
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

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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
N/A
Independent Members
N/A
Employees
8
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
0
$0
Total Directors
1
$63,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LLEWELYN HALEEM DIRECTOR 20
Director
$63,000 $0 $63,000
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 $475,408 $552,574 $930,203 $-77,166
2023 $825,089 $541,612 $1,185,365 $283,477
2022 $667,776 $581,317 $394,845 $86,459
2021 $249,512 $274,543 $174,590 $-25,031
2020 $361,765 $335,274 $186,916 $26,491
2019 $372,301 $389,051 $10,525 $-16,750
2018 $377,942 $365,767 $12,175 $12,175
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