EXCEL DEVELOPMENT COMPANY INC

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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

1988

Legal Domicile

Principal Officer

KEVIN COOLEY SR

Phone

5136327149

Tax Period

2023-07-01 to 2024-06-30

EXCEL DEVELOPMENT COMPANY INC, founded in 1988, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.6M in total revenue in fiscal year 2023. Expenses of $11.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE QUALIFIED INDIVIDUALS AFFORDABLE HOUSING THAT SATISFIES THEIR RESIDENTIAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $10,671,370 Revenue: $3,051,394

EXCEL DEVELOPMENT CO., INC. SUPPORTS SEVERELY MENTALLY ILL INDIVIDUALS AND THEIR FAMILIES IN OVER 1,100 APARTMENTS BY PROVIDING RENTAL SUBSIDIES AND HOUSING SUPPORT IN TWO DIFFERENT PERMANENT...

EXCEL DEVELOPMENT CO., INC. SUPPORTS SEVERELY MENTALLY ILL INDIVIDUALS AND THEIR FAMILIES IN OVER 1,100 APARTMENTS BY PROVIDING RENTAL SUBSIDIES AND HOUSING SUPPORT IN TWO DIFFERENT PERMANENT SUPPORTIVE HOUSING PROGRAMS. EXCEL DEVELOPMENT CO., INC.'S HOUSING PROGRAMS PROVIDE NECESSARY SUPPORT FOR THEIR CLIENTS TO OBTAIN AND REMAIN IN SUITABLE INDEPENDENT LIVING SITUATIONS.

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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 $7,441,460

Program Service Revenue $3,077,976

Investment Income $49,614

Other Revenue $13,261

TOTAL REVENUE $10,582,311

Expense Breakdown

Grants Paid $4,922,800

Salaries & Benefits $2,870,594

Fundraising Expenses $0

Program Expenses $10,671,370

Other Expenses $4,110,405

TOTAL EXPENSES $11,903,799

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,582,311	$10,630,304	0.0%
Expenses	$11,903,799	$10,951,097	+0.1%
Net Income	$-1,321,488	$-320,793	+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

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

$618,651

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN M ARGO	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ANITA G KUPPIN	VICE-CHAIR THRU AUGUST	1.00	Officer Director	$0	$0	$0
MARTIN L ACKERMAN	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN FRANK JR	SECRETARY	1.00	Officer Director	$0	$0	$0
MARTHA WASSERMANN	TRUSTEE	1.00	Director	$0	$0	$0
TRENA GOODWIN	TRUSTEE	1.00	Director	$0	$0	$0
TRINA TURNER	TRUSTEE	1.00	Director	$0	$0	$0
WEB BREWER	TRUSTEE	1.00	Director	$0	$0	$0
ZAMARIS GELESZINSKI	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN COOLEY SR	CEO	40.00	Officer	$319,808	$0	$319,808
DEBORAH AVERY	CFO	40.00	Officer	$141,422	$0	$141,422
CONNIE JONES	COO	40.00	Officer	$157,421	$0	$157,421

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	No data	No data	No data	No data
2024	$10,582,311	$11,903,799	$16,515,442	$-1,321,488
2023	$10,630,304	$10,951,097	$17,616,132	$-320,793
2022	$9,197,757	$9,603,275	$13,448,858	$-405,518
2021	$9,238,427	$9,024,867	$14,151,372	$213,560
2020	$8,847,104	$8,561,570	$14,214,242	$285,534
2019	$9,208,893	$9,078,621	$13,842,640	$130,272
2018	$4,144,890	$4,065,789	$13,846,079	$79,101