WESTSIDE COMMUNITY DEVELOPMENT CORPORATION (EIN 351643969) - 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

1985

Legal Domicile

Principal Officer

BEVERLY MUKES-GAITHER

Phone

3177599088

Tax Period

2024-01-01 to 2024-12-31

WESTSIDE COMMUNITY DEVELOPMENT CORPORATION, founded in 1985, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. The organization ran a surplus of $1.5M, a strong 81% operating margin.

Mission

ENTITY OPERATES HOUSING DEVELOPMENT PROGRAMS FOR LOW-INCOME INDIVIDUALS AND ECONOMIC DEVELOPMENT PROGRAMS FOR A SPECIFIED AREA WITHIN THE CITY OF INDIANAPOLIS, INDIANA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,343,793

Program Service Revenue $220,756

Investment Income $231,979

Other Revenue $117

TOTAL REVENUE $1,796,645

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $115,983

Fundraising Expenses $0

Program Expenses $81,654

Other Expenses $217,074

TOTAL EXPENSES $338,057

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,796,645	$1,757,830	+0.0%
Expenses	$338,057	$719,391	-0.5%
Net Income	$1,458,588	$1,038,439	+0.4%

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

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEVERLY MUKES-GAITHER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$90,000	$0	$90,000
OLGEN WILLIAMS	PRESIDENT	3.00	Officer Director	$0	$0	$0
CINDY TOW	SECRETARY	1.00	Officer Director	$0	$0	$0
TEHEA HARDING	TREASURER	1.00	Officer Director	$0	$0	$0
JOANNE CLASSICK	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG LEEKE	DIRECTOR	1.00	Director	$0	$0	$0
A MONTGOMERY	DIRECTOR	1.00	Director	$0	$0	$0
CARLENA MOSES	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL NICKOLSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE PERRY	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL PINO	DIRECTOR	1.00	Director	$0	$0	$0
PAUL RAGAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ROTH	DIRECTOR	1.00	Director	$0	$0	$0
CARLI STEVENSON	DIRECTOR	1.00	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	$1,796,645	$338,057	$8,478,052	$1,458,588
2023	$1,757,830	$719,391	$6,236,208	$1,038,439
2022	$567,952	$553,451	$5,067,985	$14,501
2021	$1,489,353	$2,530,780	$4,938,332	$-1,041,427
2020	$1,073,570	$744,834	$5,601,865	$328,736
2019	$894,211	$861,818	$4,811,508	$32,393
2018	$1,060,944	$558,225	$4,893,486	$502,719

WESTSIDE COMMUNITY DEVELOPMENT CORPORATION