GRACE AND TRUTH COMM DEV CORP (EIN 331020194) - 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

Principal Officer

ELLIS MADUAKA-CAIN

Phone

9043389990

Tax Period

2021-10-01 to 2022-09-30

GRACE AND TRUTH COMM DEV CORP, founded in 2001, is a small nonprofit that reported $238K in total revenue in fiscal year 2021. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $346K exceeded revenue, resulting in a 45% operating deficit.

Mission

TO DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PEOPLE LIVING IN THE NORTHWEST AREA OF JACKSONVILLE, FLORIDA.

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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 (2021)

Revenue Breakdown

Contributions & Grants $157,336

Program Service Revenue $80,881

Investment Income $2

Other Revenue $0

TOTAL REVENUE $238,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,545

Fundraising Expenses $0

Program Expenses $310,285

Other Expenses $227,456

TOTAL EXPENSES $346,001

Year-over-Year Comparison

	2021	2020	Change
Revenue	$238,219	$179,740	+0.3%
Expenses	$346,001	$361,631	0.0%
Net Income	$-107,782	$-181,891	-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

$92,345

Total Directors

$92,345

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BISHOP EM JOHNSON	CEO	40.00	Officer Director	$92,345	$0	$92,345
ELLIS MADUAKA-CAIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
CASSANDRA PERSON	CORPORATE SE	2.00	Officer Director	$0	$0	$0
BRYAN RICHARDSON	TREASURER	2.00	Officer Director	$0	$0	$0
KWANZA YATES	DIRECTOR	2.00	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
2022	$238,219	$346,001	$745,591	$-107,782
2021	$179,740	$361,631	$2,397,447	$-181,891
2020	$353,566	$454,702	$2,216,181	$-101,136
2018	$580,002	$625,080	$2,495,262	$-45,078

GRACE AND TRUTH COMM DEV CORP