CENTRAL URBAN DEVELOPMENT INC (EIN 311760515) - 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

2001

Legal Domicile

Principal Officer

GREG MCGHEE

Phone

4054244678

Tax Period

2023-01-01 to 2023-12-31

CENTRAL URBAN DEVELOPMENT INC, founded in 2001, is a micro nonprofit in the Human Services sector that reported $100K in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $351K exceeded revenue, resulting in a 251% operating deficit.

Mission

CENTRAL URBAN DEVELOPMENT, INC. PURPOSE IS TO DEVELOP AFFORDABLE HOUSING FOR LOW INCOME FAMILIES.

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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 $10,000

Program Service Revenue $89,962

Investment Income $0

Other Revenue $0

TOTAL REVENUE $99,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $222,043

Fundraising Expenses $0

Program Expenses $41,353

Other Expenses $128,477

TOTAL EXPENSES $350,520

Year-over-Year Comparison

	2023	2022	Change
Revenue	$99,962	$62,484	+0.6%
Expenses	$350,520	$326,992	+0.1%
Net Income	$-250,558	$-264,508	-0.1%

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

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

$218,320

Total Directors

$158,775

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES WILLIAMS	VICE PRESIDE	20.00	Officer Director	$99,500	$0	$99,500
WANDA EDWARDS	EXECUTIVE DI	40.00	Officer	$60,545	$0	$60,545
GREG MCGHEE	PRESIDENT/CE	10.00	Officer Director	$58,275	$0	$58,275
AMZIAH CHRISTMAN	DIRECTOR	2.00	Director	$1,000	$0	$1,000
DINGO ASBERRY	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
BERNARD MATTHEWS	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
2024	No data	No data	No data	No data
2023	$99,962	$350,520	$7,870,081	$-250,558
2022	$62,484	$326,992	$7,860,869	$-264,508
2021	$75,598	$572,626	$7,459,251	$-497,028

CENTRAL URBAN DEVELOPMENT INC