Englewood Community Development Corp (EIN 352003744) - 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

1996

Legal Domicile

Principal Officer

Michael J Bowling II

Phone

3176391541

Tax Period

2023-01-01 to 2023-12-31

Englewood Community Development Corp, founded in 1996, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.8M in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 32% operating margin.

Mission

Englewood Community Development Corporation strives to nurture and embody love of neighbor in the areas of affordable housing, economic development, and comprehensive community development on the Near Eastside of Indianapolis.

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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 $9,928,970

Program Service Revenue $1,819,341

Investment Income $59,346

Other Revenue $32,195

TOTAL REVENUE $11,839,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,147,779

Fundraising Expenses $0

Program Expenses $7,135,387

Other Expenses $6,937,713

TOTAL EXPENSES $8,085,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,839,852	$6,782,384	+0.7%
Expenses	$8,085,492	$5,843,178	+0.4%
Net Income	$3,754,360	$939,206	+3.0%

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

$55,304

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Adams	President	3.00	Officer Director	$0	$0	$0
Ted Burks	Treasurer	3.00	Officer Director	$0	$0	$0
Laretta Benjamin	Secretary	3.00	Officer Director	$0	$0	$0
Humberto Ramirez	Director	3.00	Director	$0	$0	$0
Curtis Kester	Director	3.00	Director	$0	$0	$0
Anthony Jackson	Director	3.00	Director	$0	$0	$0
Shadreck Kamwendo	Director	3.00	Director	$0	$0	$0
Kevin Lines	Director	3.00	Director	$0	$0	$0
Chenita Gray	Director	3.00	Director	$0	$0	$0
Michael J Bowling II	Executive Director	40.00	Officer	$55,304	$0	$55,304

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	$11,839,852	$8,085,492	$30,208,001	$3,754,360
2022	$6,782,384	$5,843,178	$23,294,411	$939,206
2021	$2,642,525	$2,524,706	$23,355,303	$117,819
2020	$3,766,568	$2,753,614	$19,606,677	$1,012,954
2019	$3,779,349	$1,658,305	$16,684,963	$2,121,044
2018	$3,167,687	$1,821,219	$12,241,906	$1,346,468

Englewood Community Development Corp