CAL-MET DEVELOPMENT INC (EIN 363301763) - 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

1988

Legal Domicile

Principal Officer

GARY BROOKS

Phone

7736245100

Tax Period

2024-11-01 to 2025-10-31

CAL-MET DEVELOPMENT INC, founded in 1988, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 3% surplus.

Mission

TO PROVIDE ELDERLY AND DISABLED INDIVIDUALS WITH AFFORDABLE HOUSING THE PROJECT CONSISTS OF A 76 UNIT HOUSING PROJECT.

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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 $0

Program Service Revenue $1,676,812

Investment Income $7,790

Other Revenue $5,944

TOTAL REVENUE $1,690,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $306,291

Fundraising Expenses $0

Program Expenses $1,561,717

Other Expenses $1,333,159

TOTAL EXPENSES $1,639,450

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,690,546	$1,649,775	+0.0%
Expenses	$1,639,450	$2,525,361	-0.4%
Net Income	$51,096	$-875,586	-1.1%

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

N/A

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
GARY BROOKS	PRESIDENT	1.00	Officer Director	$0	$0	$0
GEOFFERY CLARK	CHARIMAN	1.00	Officer Director	$0	$0	$0
K HANNSBERRY	SECRETARY	1.00	Officer Director	$0	$0	$0
CHANDRA NICKS	DIRECTOR	1.00	Director	$0	$0	$0
YVONNE BRYANT	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
2025	$1,690,546	$1,639,450	$1,900,577	$51,096
2024	$1,649,775	$2,525,361	$1,959,556	$-875,586
2023	$1,562,637	$2,571,972	$2,989,175	$-1,009,335
2022	$1,496,890	$1,542,883	$2,119,574	$-45,993
2021	$1,468,241	$1,477,379	$2,252,766	$-9,138
2020	$1,435,636	$1,365,342	$2,433,137	$70,294
2019	$1,395,676	$1,335,162	$2,733,191	$60,514
2018	$1,364,429	$1,291,694	$2,891,041	$72,735

CAL-MET DEVELOPMENT INC