FAIRFAX RENAISSANCE DEVELOPMENT

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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

1992

Legal Domicile

Principal Officer

DENISE VANLEER

Phone

2163618400

Tax Period

2023-01-01 to 2023-12-31

FAIRFAX RENAISSANCE DEVELOPMENT, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $3.4M exceeded revenue, resulting in a 133% operating deficit.

Mission

COMMUNITY REVITALIZATION

Program Service Accomplishments

Program 1

Expenses: $3,058,730

THE ORGANIZATION'S ACTIVITIES HAVE CONTINUED TO BE FOCUSED ON PROMOTING IMPROVEMENT AND REHABILITATION OF THE FAIRFAX AREA IN THE CITY OF CLEVELAND, OHIO. AS WELL AS ON PROVIDING ADDITIONAL COMMUNITY...

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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 $1,217,430

Program Service Revenue $386,780

Investment Income $111,369

Other Revenue $-262,598

TOTAL REVENUE $1,452,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,284,416

Fundraising Expenses $26,467

Program Expenses $3,058,730

Other Expenses $2,107,337

TOTAL EXPENSES $3,391,753

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,452,981	$3,335,655	-0.6%
Expenses	$3,391,753	$3,575,475	-0.1%
Net Income	$-1,938,772	$-239,820	+7.1%

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

100

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

$173,261

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE VANLEER	EXECUTIVE DI	40.00	Officer	$150,900	$22,361	$173,261
ANTOINE BURTS	TRUSTEE	1.00	Director	$0	$0	$0
YOLANDA BUTLER	FORMER TRUST	1.00	Director	$0	$0	$0
JERALDINE CAMPBELL	TRUSTEE	1.00	Director	$0	$0	$0
CAROLINE COLE	TRUSTEE	1.00	Director	$0	$0	$0
REMMIE CRAWFORD	TRUSTEE	1.00	Director	$0	$0	$0
LAMONT DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
DONTE LAMAR GIBBS	SECRETARY	1.00	Officer Director	$0	$0	$0
REGINA HARPER	TRUSTEE	1.00	Director	$0	$0	$0
STEFAN HOLMES	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANGELA JEFFRIES	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ZACHERY LEWIS	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MALCOLM	TREASURER	1.00	Officer Director	$0	$0	$0
ARDELL MOORE	TRUSTEE	1.00	Director	$0	$0	$0
GARY SARDON	TRUSTEE	1.00	Director	$0	$0	$0
WALTER STANLEY	TRUSTEE	1.00	Director	$0	$0	$0
BLANTON TOLBERT	FORMER TRUST	1.00	Director	$0	$0	$0
MILAN WILDER	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW YOURKVITCH	VICE PRESIDE	1.00	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
2024	No data	No data	No data	No data
2023	$1,452,981	$3,391,753	$23,212,242	$-1,938,772
2022	$3,335,655	$3,575,475	$25,070,308	$-239,820
2021	$4,040,938	$3,173,492	$25,841,222	$867,446
2020	$4,566,112	$3,255,209	$24,976,726	$1,310,903
2019	$3,010,898	$3,426,063	$24,354,771	$-415,165
2018	$3,062,400	$3,853,123	$24,913,122	$-790,723