VILLAGE DEVELOPMENT CORPORATION (EIN 311051691) - 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

1981

Legal Domicile

Principal Officer

Paul Rudemiller

Phone

5135421750

Tax Period

2024-01-01 to 2024-12-31

VILLAGE DEVELOPMENT CORPORATION, founded in 1981, is a small nonprofit that reported $204K in total revenue in fiscal year 2024. Revenue surged 463% from the prior year, signaling strong growth momentum. The organization ran a surplus of $150K, a strong 73% operating margin.

Mission

The mission of the Village Development Corporation is to continually revitalize the community by increasing home hownership, supporting business development, and by eliminating blight.

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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 $11,645

Program Service Revenue $27,441

Investment Income $142,586

Other Revenue $22,821

TOTAL REVENUE $204,493

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $52,516

Other Expenses $54,768

TOTAL EXPENSES $54,768

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,493	$36,327	+4.6%
Expenses	$54,768	N/A	N/A
Net Income	$149,725	$36,327	+3.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Rudemiller	President	2.00	Officer Director	$0	$0	$0
Brennan McNulty	Vice President	2.00	Officer Director	$0	$0	$0
Dave Evans	Treasurer	2.00	Officer Director	$0	$0	$0
Steven Mingus	Secretary	2.00	Officer Director	$0	$0	$0
Bill Carson	Trustee	2.00	Director	$0	$0	$0
Jerry Moore	Trustee	2.00	Director	$0	$0	$0
Kathy Resnick	Trustee	2.00	Director	$0	$0	$0
Philip Murphy	Trustee	2.00	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	$204,493	$54,768	$210,990	$149,725

VILLAGE DEVELOPMENT CORPORATION