NATIONAL COMMUNITY RENAISSANCE DEVELOPMENT CORPORATION (EIN 311595125) - 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

1998

Legal Domicile

Principal Officer

MICHAEL FINN

Phone

9094832444

Tax Period

2023-01-01 to 2023-12-31

NATIONAL COMMUNITY RENAISSANCE DEVELOPMENT CORPORATION, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $7.7M in total revenue in fiscal year 2023. Expenses of $12.9M exceeded revenue, resulting in a 68% operating deficit.

Mission

PROVIDING AFFORDABLE RENTAL HOUSING THAT EMPOWERS LOW-INCOME RESIDENTS AND CHANGES COMMUNITIES.

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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 $0

Program Service Revenue $7,588,572

Investment Income $136,898

Other Revenue $0

TOTAL REVENUE $7,725,470

Expense Breakdown

Grants Paid $3,527,333

Salaries & Benefits $2,431,266

Fundraising Expenses $0

Program Expenses $12,264,287

Other Expenses $6,982,792

TOTAL EXPENSES $12,941,391

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,725,470	$7,153,419	+0.1%
Expenses	$12,941,391	$9,901,705	+0.3%
Net Income	$-5,215,921	$-2,748,286	+0.9%

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

$979,984

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VENUS LUJAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY BURUM	INTERIM CEO, BOARD CHAIR	1.00	Director	$0	$0	$0
JAMES CASHION	BOARD MEMBER	1.00	Director	$0	$0	$0
DORETTA BRYAN	ASSISTANT SECRETARY	1.70	Officer	$0	$22,732	$153,438
DEVIN WRIGHT	ASSISTANT SECRETARY	2.30	Officer	$0	$0	$73,462
MICHAEL RUANE	PRESIDENT	1.00	Officer	$0	$26,000	$244,230
ROBERT DIAZ	EXECUTIVE VP, SECRETARY, AND GENERAL COUNSEL	0.90	Officer	$0	$20,727	$267,382
MICHAEL FINN	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$30,000	$241,472

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	$7,725,470	$12,941,391	$17,855,856	$-5,215,921
2022	$7,153,419	$9,901,705	$27,081,327	$-2,748,286
2021	$6,094,329	$7,473,187	$20,200,023	$-1,378,858
2020	$6,055,783	$7,247,778	$25,571,109	$-1,191,995
2019	$5,822,071	$7,139,810	$25,001,724	$-1,317,739
2018	$13,162,491	$7,208,084	$26,293,454	$5,954,407

NATIONAL COMMUNITY RENAISSANCE DEVELOPMENT CORPORATION