NEIGHBORHOOD DEVELOPMENT CORPORATION (EIN 341080125) - 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

2000

Legal Domicile

Phone

3303768787

Tax Period

2024-01-01 to 2024-12-31

NEIGHBORHOOD DEVELOPMENT CORPORATION, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $6.8M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $8.1M exceeded revenue, resulting in a 19% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE LOW AND MODERATE COST HOUSING AND TO DEMONSTRATE IN SUCH HOUSING AND CONSTRUCTION AND REHABILITATION INNOVATIVE TECHNIQUES MATERIALS AND BUILDING LAYOUT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $273,056

Program Service Revenue $401,847

Investment Income $417,999

Other Revenue $5,695,232

TOTAL REVENUE $6,788,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $698,831

Fundraising Expenses $0

Program Expenses $6,562,066

Other Expenses $7,399,838

TOTAL EXPENSES $8,098,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,788,134	$4,547,148	+0.5%
Expenses	$8,098,669	$4,532,520	+0.8%
Net Income	$-1,310,535	$14,628	-90.6%

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

N/A

Independent Members

N/A

Employees

N/A

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
HORACE HIGHLAND	CHAIRMAN OF BUSINESS & FINANCE	1.00	Officer Director	$0	$0	$0
TODD JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLTON BARNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMUEL DEZHAZIOR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAUL STALLINGS	TREASURER	1.00	Officer Director	$0	$0	$0
ALBERT BRAGG Jr	EXECUTIVE DIRECTOR	8.00	Key Emp	$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	$6,788,134	$8,098,669	$36,459,120	$-1,310,535
2023	$4,547,148	$4,532,520	$20,584,170	$14,628
2022	$3,690,930	$3,979,505	$15,968,395	$-288,575
2021	$6,553,839	$3,931,927	$16,618,224	$2,621,912
2021	$6,553,835	$3,931,929	$16,201,717	$2,621,906
2020	$3,057,093	$3,791,433	$14,214,929	$-734,340
2019	$2,140,008	$1,681,700	$6,298,833	$458,308
2018	$937,720	$983,603	$5,192,201	$-45,883
2018	$920,629	$983,601	$5,192,179	$-62,972

NEIGHBORHOOD DEVELOPMENT CORPORATION