Olivet Housing & Community Development Corporation (EIN 341428128) - 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

1975

Legal Domicile

Principal Officer

DR DAISY ALFORD-SMITH

Phone

2167213585

Tax Period

2023-01-01 to 2023-12-31

Olivet Housing & Community Development Corporation, founded in 1975, is a small nonprofit that reported $203K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring.

Mission

The mission of the Olivet Housing & Community Development Corporation OHCDC is to create opportunities for people from disconnected and disadvantaged communities. Significant activities focus on health, literacy, and workforce development.

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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 $189,175

Program Service Revenue $0

Investment Income $0

Other Revenue $14,032

TOTAL REVENUE $203,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,751

Fundraising Expenses $12,000

Program Expenses $162,212

Other Expenses $48,683

TOTAL EXPENSES $199,434

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,207	$299,260	-0.3%
Expenses	$199,434	$246,850	-0.2%
Net Income	$3,773	$52,410	-0.9%

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

$48,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR DAISY ALFORD-SMITH	Executive Dir.	16.00	Officer	$48,000	$0	$48,000
DEBRA MCHAMM	Director	1.00	Director	$0	$0	$0
SHENISE THOMAS	Director	1.00	Director	$0	$0	$0
REV DR JAWANZA KCOLVIN	Chairman	2.00	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$203,207	$199,434	$140,404	$3,773
2022	$299,260	$246,850	$124,787	$52,410
2018	$202,202	$144,427	$119,873	$57,775

Olivet Housing & Community Development Corporation