Second District Community Development Corporation Inc

EIN: 364937160 501(c)(3) Community Improvement

Forestville, MD

Total Revenue
$954,278
Total Expenses
$658,119
Total Assets
$3,463,263
Net Assets
$3,420,490
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MD
Principal Officer
Rev Loxley O'Connor
Phone
2405951718
Tax Period
2024-01-01 to 2024-12-31

Second District Community Development Corporation Inc, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $954K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $296K, a strong 31% operating margin.

Mission

We invest in people and communities by collaborating with the 2nd Episcopal District of the AME Church to promote economic and community development. We focus on creating housing employment opportunities financial assistance for low- and moderate-income families while also engaging in property acquisition development and management to create community partnerships and support economic social and housing services for vulnerable populations.

Program Service Accomplishments

Program 1
Expenses: $498,779 Revenue: $513,631

Our program is focused on providing quality commercial real estate spaces for small and medium business in the Prince Georges community to provide the funding to support our community outreach...

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Our program is focused on providing quality commercial real estate spaces for small and medium business in the Prince Georges community to provide the funding to support our community outreach efforts.

Program 2
Expenses: $94,836 Revenue: $440,000

The Community Assistance Fund is used to as a discretionary fund to assist residents of District 8 that may need mortgage rental and or utility assistance. The fund also allows the discretion for...

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The Community Assistance Fund is used to as a discretionary fund to assist residents of District 8 that may need mortgage rental and or utility assistance. The fund also allows the discretion for food assistance clothing assistance and sheltering assistance. The Community Activities Fund will be utilized to fund community opportunities within District 8 to include but not limited to outreach events community forums community health events and community day events.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $440,000
Program Service Revenue $0
Investment Income $647
Other Revenue $513,631
TOTAL REVENUE $954,278

Expense Breakdown

Grants Paid $94,836
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $593,615
Other Expenses $563,283
TOTAL EXPENSES $658,119

Year-over-Year Comparison

2024 2023 Change
Revenue $954,278 $2,515,617 -0.6%
Expenses $658,119 $429,160 +0.5%
Net Income $296,159 $2,086,457 -0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
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
0
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rev Loxley OConnor Chairman 5.00
Director
$0 $0 $0
Rev Percy McIntyre Treasurer 5.00
Director
$0 $0 $0
Sis Carlotta Banks Armstrong Secretary 2.00
Director
$0 $0 $0
Bro Clarence Crayton Member 2.00
Director
$0 $0 $0
Bro Walter Morris Member 1.00
Director
$0 $0 $0
Sis Gwendolyn Davis Member 1.00
Director
$0 $0 $0
Rev Billy Ray Hunter Member 1.00
Director
$0 $0 $0
Rev Rodrecus Johnson Member 1.00
Director
$0 $0 $0
Bro Joseph Lee Member 1.00
Director
$0 $0 $0
Bro William A Marsh Member 1.00
Director
$0 $0 $0
Bro Arvelle Moore Member 1.00
Director
$0 $0 $0
Sis Joan Pratt Member 1.00
Director
$0 $0 $0
Rev Ruth Pugh Member 1.00
Director
$0 $0 $0
Rev Dr Jonathan Weaver Member 1.00
Director
$0 $0 $0
Rev Dr Mark Whitlock Member 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 $954,278 $658,119 $3,463,263 $296,159
2023 $2,515,617 $429,160 $3,167,105 $2,086,457
2022 $437,670 $563,808 $3,135,677 $-126,138
2021 $466,607 $642,178 $3,203,830 $-175,571
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