QUALITY DEVELOPMENT CORPORATION

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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

1997

Legal Domicile

Principal Officer

BRETT GERBER

Phone

7154341717

Tax Period

2023-01-01 to 2023-12-31

QUALITY DEVELOPMENT CORPORATION, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $946K in total revenue in fiscal year 2023. The organization ran a surplus of $148K, a strong 16% operating margin.

Mission

HOUSING SERVICES TO SENIORS.

Program Service Accomplishments

Program 1

Expenses: $645,487 Revenue: $945,565

TO PROVIDE SENIOR INDIVIDUALS WITH HOUSING AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS. THERE ARE 64...

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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 $937,865

Investment Income $8,367

Other Revenue $0

TOTAL REVENUE $946,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,449

Fundraising Expenses $0

Program Expenses $645,487

Other Expenses $658,346

TOTAL EXPENSES $797,795

Year-over-Year Comparison

	2023	2022	Change
Revenue	$946,232	$892,265	+0.1%
Expenses	$797,795	$787,115	+0.0%
Net Income	$148,437	$105,150	+0.4%

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

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

$802,770

Total Directors

$946,367

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRA PAWLIUK-MCGIFFIN	SECRETARY/TREASURER	1.00	Officer Director	$0	$38,244	$154,515
BRETT GERBER	PRESIDENT/CEO	1.00	Officer Director	$0	$138,859	$648,255
CAROLINE LOYAS	DIRECTOR	1.00	Director	$0	$30,189	$143,597

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	$946,232	$797,795	$1,763,729	$148,437
2022	$892,265	$787,115	$1,646,921	$105,150
2021	$890,580	$806,725	$1,722,076	$83,855
2020	$846,050	$839,316	$1,822,610	$6,734