Kennedy Heights Community Urban Redevelopment Corporation (EIN 310954931) - 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

2008

Legal Domicile

Principal Officer

Jamie Carr

Phone

5132659199

Tax Period

2023-01-01 to 2023-12-31

Kennedy Heights Community Urban Redevelopment Corporation, founded in 2008, is a micro nonprofit in the Community Improvement sector that reported $71K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $94K exceeded revenue, resulting in a 33% operating deficit.

Mission

To promote and sustain high-quality mixed-income housing.

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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 $53,000

Program Service Revenue $18,000

Investment Income $0

Other Revenue $16

TOTAL REVENUE $71,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,000

Fundraising Expenses $0

Program Expenses $82,249

Other Expenses $63,227

TOTAL EXPENSES $94,227

Year-over-Year Comparison

	2023	2022	Change
Revenue	$71,016	$47,207	+0.5%
Expenses	$94,227	$39,512	+1.4%
Net Income	$-23,211	$7,695	-4.0%

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

N/A

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

$28,307

Total Directors

$28,307

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jamie Carr	Board Chair	1.00	Officer Director	$0	$0	$0
Alphonse Gerhardstein	Member (left in 2023)	2.00	Director	$0	$0	$0
Steven Grieser	Member	2.00	Director	$0	$0	$0
Mary Winn Godar	Board Vice-Chair (left in 2023)	2.00	Officer Director	$0	$0	$0
Cinder Miller	Member	2.00	Director	$0	$0	$0
Patrick MacVeigh	Treasurer	1.00	Officer Director	$0	$0	$0
William Jones	Member	1.00	Director	$0	$0	$0
Mary Kidd Ray	Secretary/Contract Executive Director	1.00	Officer Director	$28,307	$0	$28,307
Mike Harmon	Member	1.00	Director	$0	$0	$0
Melissa McNally	Member	1.00	Director	$0	$0	$0
Caitlin Siegel-Hartzle	Member	1.00	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	$71,016	$94,227	$804,972	$-23,211
2022	$47,207	$39,512	$822,127	$7,695
2021	$14,263	$32,945	$830,380	$-18,682
2020	$57,094	$30,136	$640,220	$26,958
2019	$52,995	$30,554	$661,262	$22,441
2019	$52,995	$30,554	$661,262	$22,441

Kennedy Heights Community Urban Redevelopment Corporation