BILOXI COMMUNITY DEVELOPMENT CORP

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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

1999

Legal Domicile

Principal Officer

HELEN WERBY

Phone

5046152460

Tax Period

2023-01-01 to 2023-12-31

BILOXI COMMUNITY DEVELOPMENT CORP, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $3.3M exceeded revenue, resulting in a 51% operating deficit.

Mission

TO PROMOTE AND SUPPORT THE DEVELOPMENT AND MANAGEMENT OF QUALITY AFFORDABLE HOUSING IN THE CITY OF BILOXI, MS.

Program Service Accomplishments

Program 1

Expenses: $2,456,423 Revenue: $2,304,001

TO PROMOTE AND SUPPORT THE DEVELOPMENT AND MANAGEMENT OF QUALITY AFFORDABLE HOUSING IN THE CITY OF BILOXI, MS.

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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 $2,304,001

Investment Income $32,601

Other Revenue $-174,212

TOTAL REVENUE $2,162,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $956,628

Fundraising Expenses $0

Program Expenses $2,456,423

Other Expenses $2,298,867

TOTAL EXPENSES $3,255,495

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,162,390	$1,941,874	+0.1%
Expenses	$3,255,495	$2,721,598	+0.2%
Net Income	$-1,093,105	$-779,724	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARLENE WALL	VICE CHAIRMA	N/A	Director	$0	$0	$0
EULA CROWELL	COMMISSIONER	N/A	Director	$0	$0	$0
CLARENCE TAYLOR	COMMISSIONER	N/A	Director	$0	$0	$0
ROBERT TUCEI	COMMISSIONER	N/A	Director	$0	$0	$0
ARLENE CANAAN	VICE CHAIRMA	N/A	Director	$0	$0	$0
RODNEY MCGILVARY	COMMISSIONER	N/A	Director	$0	$0	$0
CLEMON P JIMERSON SR	COMMISSIONER	N/A	Director	$0	$0	$0
MARSHALL ELEUTERIUS	CHAIRMAN	N/A	Director	$0	$0	$0
JOHN FAULK	VICE PRESIDE	N/A	Officer	$0	$0	$0
HELEN WERBY	PRESIDENT	N/A	Officer	$0	$0	$0
MONTGOMERY LIVINGSTON	TREASURER	N/A	Officer	$0	$0	$0
SHANTEL MCKAY	SECRETARY	N/A	Officer	$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	$2,162,390	$3,255,495	$24,527,429	$-1,093,105
2022	$1,941,874	$2,721,598	$20,620,115	$-779,724
2021	$2,021,902	$2,670,225	$20,364,309	$-648,323
2020	$1,955,637	$2,529,919	$20,952,554	$-574,282
2019	$1,904,216	$2,579,024	$21,429,380	$-674,808
2018	$1,866,263	$2,506,316	$22,164,419	$-640,053