BILOXI COMMUNITY DEVELOPMENT CORP

EIN: 311641324 501(c)(3) Housing & Shelter

BILOXI, MS

Total Revenue
$2,162,390
Total Expenses
$3,255,495
Total Assets
$24,527,429
Net Assets
$14,050,057
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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
MS
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.

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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%)

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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

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Governance

Voting Members
9
Independent Members
9
Employees
3
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
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