DIRECT ACTION FOR CENTRAL LORAIN C… - Form 990 Financial Data

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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

Principal Officer

JANET GARCIA

Phone

4403965027

Tax Period

2021-01-01 to 2021-12-31

DIRECT ACTION FOR CENTRAL LORAIN CDC INC, founded in 2000, is a micro nonprofit in the Community Improvement sector that reported $31K in total revenue in fiscal year 2021. Expenses of $38K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE NEIGHBORHOOLD REVITALIZATION THROUGH COMMUNITY INVOLVEMENT, AFFORDABLE HOUSING, COMMERCIAL REDEVELOPMENT, ECONOMIC EMPOWERMENT, AND POSITVE YOUTH DEVELOPMENT FOR THE CENTRAL LORAIN NEIGHBORHOOD.

Program Service Accomplishments

Program 1

THE ORGANIZATION DEVELOPED INNER CITY PROPERTIES IN THE CITY OF LORAIN AND RENOVATED HOMES FOR ELIGIBLE FAMILIES

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,000

Program Service Revenue $29,760

Investment Income $0

Other Revenue $0

TOTAL REVENUE $30,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,895

Other Expenses $38,036

TOTAL EXPENSES $38,036

Year-over-Year Comparison

	2021	2020	Change
Revenue	$30,760	$-28,706	-2.1%
Expenses	$38,036	$42,326	-0.1%
Net Income	$-7,276	$-71,032	-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

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
PAUL BIBER	SECRETARY	1.00	Director	$0	$0	$0
INEZ JAMES	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN PATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK BALLARD	PRESIDENT	1.00	Officer	$0	$0	$0
JANET GARCIA	TREASURER	1.00	Officer	$0	$0	$0
ANTHONY GIARDINI	VICE-PRESIDE	1.00	Officer	$0	$0	$0
CAROL MCCALL	DIRECTOR	1.00	Officer	$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
2021	$30,760	$38,036	$448,035	$-7,276
2020	$-28,706	$42,326	$455,311	$-71,032
2019	$-29,070	$63,412	$526,343	$-92,482
2018	$-63,392	$35,468	$670,782	$-98,860

DIRECT ACTION FOR CENTRAL LORAIN CDC INC