SOUTH SHORE COMMUNITY DEVELOPMENT CORP INC

EIN: 341813232 501(c)(3)

LORAIN, OH

Total Revenue
$-86,618
Total Expenses
$276,024
Total Assets
N/A
Net Assets
N/A
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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
1994
Legal Domicile
OH
Principal Officer
JAMES JANASKO
Phone
4402331087
Tax Period
2020-01-01 to 2020-12-31

SOUTH SHORE COMMUNITY DEVELOPMENT CORP INC, founded in 1994, is a micro nonprofit that reported $87K in total revenue in fiscal year 2020. Revenue fell 181% from the prior year — a significant decline worth monitoring.

Mission

THEY ARE A COMMUNITY RESOURCE CENTER OFFERING COMMERCIAL SPACE FOR RENT, PRIMARILY FOCUSING ON NOT-FOR-PROFIT ENTITIES AS TENANTS.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $-86,618
Other Revenue $0
TOTAL REVENUE $-86,618

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $262,197
Other Expenses $276,024
TOTAL EXPENSES $276,024

Year-over-Year Comparison

2020 2019 Change
Revenue $-86,618 $107,102 -1.8%
Expenses $276,024 $154,543 +0.8%
Net Income $-362,642 $-47,441 +6.6%
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

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
1

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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES JANASKO TREASURER 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
2020 $-86,618 $276,024 No data $-362,642
2019 $107,102 $154,543 $362,642 $-47,441
2018 $285,332 $797,366 $410,083 $-512,034
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