MASSACHUSETTS AVENUE COMMUNITY DEV… - 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

1998

Legal Domicile

Principal Officer

ISAIAH KUCH

Phone

3173275887

Tax Period

2022-01-01 to 2022-12-31

MASSACHUSETTS AVENUE COMMUNITY DEVELOPMENT CORPORATION, founded in 1998, is a micro nonprofit in the Community Improvement sector that reported $7 in total revenue in fiscal year 2022. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $2K exceeded revenue, resulting in a 29329% operating deficit.

Mission

TO ENCOURAGE, SUPPORT AND ASSIST GROUPS TO ENGAGE IN SOCIAL, CULTURAL AND ECONCOMIC REDEVELOPMENT AND REHABILITIATION IN THE MASS. AVE. COMMERCIAL DISTRICT.

Program Service Accomplishments

Program 1

Expenses: $0

PROVIDE GRANTS THAT ASSIST IN THE FURTHERANCE OF SOCIAL, CULTURAL, AND ECONOMIC REDEVELOPMENT AND REHABILITATION IN AND AROUND INDIANAPOLIS' HISTORIC MASSACHUSETTS AVENUE COMMERICAL DISTRICT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $7

Other Revenue $0

TOTAL REVENUE $7

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,060

TOTAL EXPENSES $2,060

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7	$5	+0.4%
Expenses	$2,060	$12,150	-0.8%
Net Income	$-2,053	$-12,145	-0.8%

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

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
STEVE THORNTON	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
ALEX ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA O'CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
TOM HANIFY	DIRECTOR	1.00	Director	$0	$0	$0
KYLE J WILLIS	PRESIDENT	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
2022	$7	$2,060	$510,835	$-2,053
2021	$5	$12,150	$512,888	$-12,145
2020	$52	$48,991	$525,033	$-48,939
2019	$73	$52,793	$573,972	$-52,720
2018	$71	$98,861	$626,692	$-98,790

MASSACHUSETTS AVENUE COMMUNITY DEVELOPMENT CORPORATION