AREA IV DEVELOPMENT INC (EIN 352048630) - 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

1998

Legal Domicile

Principal Officer

ELVA JAMES

Phone

7654477683

Tax Period

2023-01-01 to 2023-12-31

AREA IV DEVELOPMENT INC, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Expenses of $2.1M exceeded revenue, resulting in a 74% operating deficit.

Mission

THE MISSION OF AREA IV DEVELOPMENT, INC. IS TO PROVIDE COMMUNITY ECONOMIC DEVELOPMENT AND AFFORDABLE HOUSING PROJECTS THAT WILL DIRECTLY BENEFIT LOW AND MODERATE INCOME PERSONS, OLDER ADULTS PHYSICALLY AND MENTALLY DISABLED PERSONS, HOMELESS PERSONS AND SPECIAL NEEDS POPULATIONS IN MID-NORTHWESTERN 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,183,677

Investment Income $46,391

Other Revenue $0

TOTAL REVENUE $1,230,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,545,572

Other Expenses $2,134,471

TOTAL EXPENSES $2,134,471

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,230,068	$1,143,459	+0.1%
Expenses	$2,134,471	$2,105,219	+0.0%
Net Income	$-904,403	$-961,760	-0.1%

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
ELVA JAMES	PRESIDENT	3.00	Officer Director	$0	$0	$0
ERIC ROSS	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
DAWN LAYTON	SECRETARY	0.25	Officer Director	$0	$0	$0
ANNE PAINTER	TREASURER	0.25	Officer Director	$0	$0	$0
SANA BOOKER	DIRECTOR	0.25	Director	$0	$0	$0
SHERRY FISCHER	DIRECTOR	0.25	Director	$0	$0	$0
JULIA LEAHY	DIRECTOR	0.25	Director	$0	$0	$0
RUTH MILLER	DIRECTOR	0.25	Director	$0	$0	$0
TERESA PEUTERBAUGH	DIRECTOR	0.25	Director	$0	$0	$0
JOE REDMAN	DIRECTOR	0.25	Director	$0	$0	$0
JOE ROGERS	DIRECTOR	0.25	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	No data	No data	No data	No data
2023	$1,230,068	$2,134,471	$21,329,911	$-904,403
2022	$1,143,459	$2,105,219	$22,305,697	$-961,760
2021	$1,868,060	$2,503,636	$23,497,239	$-635,576
2020	$1,125,713	$2,084,761	$24,594,833	$-959,048
2019	$831,242	$1,202,010	$22,201,679	$-370,768
2018	$630,145	$1,244,031	$11,531,619	$-613,886

AREA IV DEVELOPMENT INC