EAST AKRON NEIGHBORHOOD DEVELOPMENT CORPORATION (EIN 341365690) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

CHERYL STEPHENS

Phone

3307736838

Tax Period

2024-01-01 to 2024-12-31

EAST AKRON NEIGHBORHOOD DEVELOPMENT CORPORATION, founded in 1982, is a community nonprofit in the Housing & Shelter sector that reported $3.1M in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $3.6M exceeded revenue, resulting in a 16% operating deficit.

Mission

EAST AKRON NEIGHBORHOOD DEVELOPMENT CORPORATION (EANDC)IMPROVES COMMUNITIES BY PROVIDING QUALITY AFFORDABLE HOUSING, COMPREHENSIVE HOMEOWNERSHIP SERVICES AND ECONOMIC DEVELOPMENT OPPORTUNITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,177,944

Program Service Revenue $1,025,590

Investment Income $240,881

Other Revenue $-321,213

TOTAL REVENUE $3,123,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,056,059

Fundraising Expenses $0

Program Expenses $1,896,910

Other Expenses $1,566,269

TOTAL EXPENSES $3,622,328

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,123,202	$6,136,803	-0.5%
Expenses	$3,622,328	$4,268,914	-0.2%
Net Income	$-499,126	$1,867,889	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$349,134

Total Directors

$137,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY CROPPER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT DEJOUMETT	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON DODSON	LEGAL COUNSEL	1.00	Director	$0	$0	$0
ERIN WOJNO DEMIRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMMARA HUMBERT	CHIEF FINANCIAL OFFICER	40.00	Officer Director	$136,050	$1,050	$137,100
KELLIE PARKER	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACEY LANIER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL KELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH GEORGE	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL ROBERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN HICKEY	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
TODD DONLEY	TREASURER	1.00	Officer Director	$0	$0	$0
DAN DEVILLE	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
DANA LAWLESS-ANDRIC	BOARD MEMBER	1.00	Director	$0	$0	$0
YUVONNE WEBB	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDON ROBERTS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL STEPHENS	PRESIDENT/CEO	40.00	Officer	$199,266	$12,768	$212,034

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	$3,123,202	$3,622,328	$39,050,737	$-499,126
2023	$6,136,803	$4,268,914	$37,078,289	$1,867,889
2022	$3,620,171	$3,323,954	$35,680,413	$296,217
2021	$4,723,818	$3,521,950	$35,988,464	$1,201,868
2020	$5,375,956	$4,068,695	$34,965,866	$1,307,261
2019	$3,808,248	$3,375,660	$30,759,957	$432,588
2018	$3,708,521	$3,547,956	$30,629,577	$160,565

EAST AKRON NEIGHBORHOOD DEVELOPMENT CORPORATION