Twelfth Street Heritage Development Corporation (EIN 431360031) - 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

1984

Legal Domicile

Principal Officer

DWAYNE WILLIAMS

Phone

8162166242

Tax Period

2024-01-01 to 2024-12-31

Twelfth Street Heritage Development Corporation, founded in 1984, is a small nonprofit in the Community Improvement sector that reported $841K in total revenue in fiscal year 2024.

Mission

To provide quality, stable, and affordable housing through real estate development and housing rehabilitation services, and to improve the quality of life for residents in our service area.

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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 $13,337

Program Service Revenue $827,606

Investment Income $0

Other Revenue $0

TOTAL REVENUE $840,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $480,641

Fundraising Expenses $30,100

Program Expenses $479,932

Other Expenses $416,067

TOTAL EXPENSES $896,708

Year-over-Year Comparison

	2024	2023	Change
Revenue	$840,943	$783,508	+0.1%
Expenses	$896,708	$759,466	+0.2%
Net Income	$-55,765	$24,042	-3.3%

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

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

$116,601

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWAYNE WILLIAMS	PRESIDENT/CEO	070.00	Officer	$116,601	$0	$116,601
JANET MILES BARTEE	BOARD CHAIR	001.00	Officer Director	$0	$0	$0
GREG LEVER	TREASURER	000.50	Officer Director	$0	$0	$0
FORESTINE BEASLEY	DIRECTOR	000.50	Director	$0	$0	$0
DREW SOLOMON	DIRECTOR	000.50	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	$840,943	$896,708	$70,726	$-55,765
2023	$783,508	$759,466	$46,815	$24,042
2022	$718,785	$732,411	$21,875	$-13,626
2021	$591,851	$575,496	$36,839	$16,355
2020	$354,063	$309,108	$69,686	$44,955
2020	$316,466	$379,529	$34,645	$-63,063
2019	$431,688	$428,732	$76,797	$2,956

Twelfth Street Heritage Development Corporation