CENTER CITY DEVELOPMENT CORPORATION

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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

1987

Legal Domicile

Principal Officer

VALERIE SHAFFER

Phone

7659628151

Tax Period

2025-01-01 to 2025-12-31

CENTER CITY DEVELOPMENT CORPORATION, founded in 1987, is a small nonprofit in the Community Improvement sector that reported $130K in total revenue in fiscal year 2025. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $123K left a modest 5% surplus.

Mission

TO PROMOTE THE REVITALIZATION OF DOWNTOWN RICHMOND THROUGH LOANS, CONSULTING ON IMPROVEMENTS, AND SPECIAL EVENTS TO INCREASE FOOT TRAFFIC.

Program Service Accomplishments

Program 1

Expenses: $62,097 Revenue: $78,319

PROMOTING THE REVITALIZATION OF DOWNTOWN RICHMOND THROUGH LOANS, CONSULTING ON IMPROVEMENTS, AND SPECIAL EVENTS TO INCREASE FOOT TRAFFIC.

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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 (2025)

Revenue Breakdown

Contributions & Grants $41,500

Program Service Revenue $78,319

Investment Income $0

Other Revenue $9,908

TOTAL REVENUE $129,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $211

Program Expenses $62,097

Other Expenses $122,720

TOTAL EXPENSES $122,720

Year-over-Year Comparison

	2025	2024	Change
Revenue	$129,727	$81,791	+0.6%
Expenses	$122,720	$107,798	+0.1%
Net Income	$7,007	$-26,007	-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

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
CATHY HILLARD	PRESIDENT	3.00	Officer Director	$0	$0	$0
DAKOTA COLLINS	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ED DELAPAZ	SECRETARY	3.00	Officer Director	$0	$0	$0
VALERIE SHAFFER	TREASURER	3.00	Officer Director	$0	$0	$0
SHARON HARLIN-DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JERRY PURCELL	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET HAZELBAKER	DIRECTOR	1.00	Director	$0	$0	$0
CHAD BOLSER	DIRECTOR	1.00	Director	$0	$0	$0
TRACIE ROBINSON	DIRECTOR	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
2025	$129,727	$122,720	$475,365	$7,007
2024	$81,791	$107,798	$471,155	$-26,007
2023	$150,900	$246,976	$501,827	$-96,076
2022	$68,923	$254,809	$602,956	$-185,886
2021	$224,026	$141,973	$647,449	$82,053
2020	$327,936	$385,349	$464,179	$-57,413
2019	$78,483	$141,414	$517,985	$-62,931