CITYWIDE DEVELOPMENT CORPORATION (EIN 310821189) - 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

1973

Legal Domicile

Principal Officer

ROSALIE GEHRICH

Phone

9378532529

Tax Period

2024-01-01 to 2024-12-31

CITYWIDE DEVELOPMENT CORPORATION, founded in 1973, is a community nonprofit in the Community Improvement sector that reported $4.2M in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.9M, a strong 45% operating margin.

Mission

STRENGTHEN AND GROW DAYTON THROUGH STRATEGIC ECONOMIC AND COMMUNITY DEVELOPMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,671,449

Program Service Revenue $542,925

Investment Income $944,083

Other Revenue $0

TOTAL REVENUE $4,158,457

Expense Breakdown

Grants Paid $347,259

Salaries & Benefits $1,968,238

Fundraising Expenses $0

Program Expenses $1,740,567

Other Expenses $-36,897

TOTAL EXPENSES $2,278,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,158,457	$7,566,754	-0.5%
Expenses	$2,278,600	$5,276,998	-0.6%
Net Income	$1,879,857	$2,289,756	-0.2%

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

$626,956

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MELIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
FRANK FERRANTE	TRUSTEE	1.00	Director	$0	$0	$0
DAVE DICKERSON	TRUSTEE	1.00	Director	$0	$0	$0
SHELLEY DICKSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
STEVE GONDOL	TRUSTEE	1.00	Director	$0	$0	$0
GINA MCFARLANE-EL	TRUSTEE	1.00	Director	$0	$0	$0
KRISTIN FINCH	TRUSTEE	1.00	Director	$0	$0	$0
FRANK PETRIE	TRUSTEE	1.00	Director	$0	$0	$0
TERRI BETHEL	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
AMY RIEGEL	TRUSTEE	1.00	Director	$0	$0	$0
KIYA PATRICK	TRUSTEE	1.00	Director	$0	$0	$0
MARK WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
TODD PLEIMAN	TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPH GORDON	TRUSTEE	1.00	Director	$0	$0	$0
KENA BROWN	TRUSTEE	1.00	Director	$0	$0	$0
WALT HIBNER	TRUSTEE	1.00	Director	$0	$0	$0
RODDELL MCCULLOUGH	SECRETARY	1.00	Officer Director	$0	$0	$0
NIKOL MILLER	TRUSTEE	1.00	Director	$0	$0	$0
BOB RUZINSKY	TRUSTEE	1.00	Director	$0	$0	$0
STEVE SKERL	TRUSTEE	1.00	Director	$0	$0	$0
ROSALIE GEHRICH	CFO / ASST TREASURER	40.00	Officer	$168,408	$23,732	$192,140
DANIEL KANE	PRESIDENT	40.00	Officer	$220,850	$46,542	$267,392
KAREN DEMASI	ASSISTANT SECRETARY	40.00	Officer	$147,456	$19,968	$167,424
HEATHER CORBIN	SBA DIRECTOR/SENIOR BUSINE	40.00	Highest	$156,414	$11,823	$168,237
SHANE WILKEN	SENIOR BUSINESS DEVELOPMEN	40.00	Highest	$142,152	$18,344	$160,496

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	$4,158,457	$2,278,600	$49,314,647	$1,879,857
2023	$7,566,754	$5,276,998	$45,189,908	$2,289,756
2022	$982,304	$1,084,223	$42,521,399	$-101,919
2021	$698,058	$1,161,975	$39,143,278	$-463,917
2020	$1,531,431	$1,946,837	$40,041,038	$-415,406
2019	$1,175,235	$1,570,892	$43,200,406	$-395,657
2018	$1,002,173	$3,157,052	$20,819,859	$-2,154,879

CITYWIDE DEVELOPMENT CORPORATION