TOWER GROVE COMMUNITY DEVELOPMENT CORPORATION

EIN: 431220525 501(c)(3)

Saint Louis, MO

Total Revenue
$1,715,812
Total Expenses
$2,956,853
Total Assets
$5,765,020
Net Assets
$2,174,884
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MO
Principal Officer
Sean Spencer
Phone
3148655530
Tax Period
2024-01-01 to 2024-12-31

TOWER GROVE COMMUNITY DEVELOPMENT CORPORATION, founded in 1981, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $3.0M exceeded revenue, resulting in a 72% operating deficit.

Mission

Housing Development - Attract, facilitate and coordinate housing rehabilitation within the St. Louis metropolitan region (15 counties), with a focus in St. Louis City and historically SW Garden, Shaw and Tower Grove South. Technical Assistance - Provide counseling and information of home ownership, financing, contractors, government programs, etc. and other services related to housing. Neighborhood Marketing And Rent Referral - Maintain a list of properties for sale and rent in the area; marketing neighborhood through brochures, advertising special events, workshops, etc. Tower Grove Neighborhoods CDC promotes and improves quality of life by attracting public and private investment and providing real estate and other community services.

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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 $361,191
Program Service Revenue $1,104,621
Investment Income $250,000
Other Revenue $0
TOTAL REVENUE $1,715,812

Expense Breakdown

Grants Paid $0
Salaries & Benefits $504,522
Fundraising Expenses $0
Program Expenses $2,551,962
Other Expenses $2,452,331
TOTAL EXPENSES $2,956,853

Year-over-Year Comparison

2024 2023 Change
Revenue $1,715,812 $1,302,651 +0.3%
Expenses $2,956,853 $1,200,866 +1.5%
Net Income $-1,241,041 $101,785 -13.2%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
7
Volunteers
10

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
4
$0
Total Directors
10
$0
Key Employees
1
$95,713
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sean Spencer Executive Director 40
Key Emp Highest
$95,713 $0 $95,713
Jason Kempf President 5
Officer Director
$0 $0 $0
Jeffrey McGee Vice President 1
Officer Director
$0 $0 $0
Denise Evans Treasurer 1
Officer Director
$0 $0 $0
Hannah Levin Secretary 2
Officer Director
$0 $0 $0
Jillian Guenther Director 1
Director
$0 $0 $0
Colleen Hafner Director 1
Director
$0 $0 $0
Blake Hamilton Director 1
Director
$0 $0 $0
Vihar Sheth Director 1
Director
$0 $0 $0
Justin Taylor Director 1
Director
$0 $0 $0
Jim Zirngibl Director 1
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 $1,715,812 $2,956,853 $5,765,020 $-1,241,041
2023 $1,302,651 $1,200,866 $8,075,807 $101,785
2022 $1,347,227 $1,098,216 $7,427,149 $249,011
2021 $1,352,806 $1,115,588 $6,749,920 $237,218
2020 $2,776,472 $1,001,405 $6,746,352 $1,775,067
2019 $1,243,226 $913,246 $5,103,317 $329,980
2018 $1,121,350 $821,387 $4,515,253 $299,963
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