COVAM COMMUNITY DEVELOPMENT CORPOR… - Form 990 Financial Data

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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

ESTHER SHIN

Phone

3144214200

Tax Period

2018-01-01 to 2018-12-31

COVAM COMMUNITY DEVELOPMENT CORPORATION, founded in 1997, is a micro nonprofit in the Human Services sector that reported $36K in total revenue in fiscal year 2018. Revenue surged 1299% from the prior year, signaling strong growth momentum. Net assets of $356K represent 117 months of operating reserves.

Mission

THE MISSION OF THE COVAM CDC IS TO CREATE AN IMPROVED SYSTEM OF SERVICES AND SUPPORTS FOR ALL FAMILIES WHO LIVE IN THE COVAM COMMUNITY, USING THE HOUSING ENVIRONMENT NOT ONLY TO PROVIDE SHELTER, BUT ALSO TO SERVE AS A SPRINGBOARD TO OPPORTUNITY AND INDEPENDENCE FOR LOW-INCOME FAMILIES. THE COVAM COMMUNITY IS COMPOSED OF THE FOLLOWING AFFORDABLE HOUSING SITES IN ST. LOUIS CITY: CARR SQUARE, O'FALLON PLACE, MURPHY PARK, THE CAHILL HOUSE, AND THE BREWERY APARTMENTS.

Program Service Accomplishments

Program 1

Expenses: $35,900

COVAM HELPED TO SUPPORT THE YMCA SUMMER YOUTH PROGRAM. THE PROGRAM PROVIDES THE YOUTH IN THE AREA WITH OPPORTUNITIES TO EXPLORE, FIND NEW TALENTS, TRY NEW ACTIVITIES, GAIN INDEPENDENCE AND MAKE...

COVAM HELPED TO SUPPORT THE YMCA SUMMER YOUTH PROGRAM. THE PROGRAM PROVIDES THE YOUTH IN THE AREA WITH OPPORTUNITIES TO EXPLORE, FIND NEW TALENTS, TRY NEW ACTIVITIES, GAIN INDEPENDENCE AND MAKE LASTING FRIENDSHIPS AND MEMORIES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $35,900

Program Service Revenue $0

Investment Income $0

Other Revenue $600

TOTAL REVENUE $36,500

Expense Breakdown

Grants Paid $35,900

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,900

Other Expenses $2,782

TOTAL EXPENSES $38,682

Year-over-Year Comparison

	2018	2017	Change
Revenue	$36,500	$2,609	+13.0%
Expenses	$38,682	$46,385	-0.2%
Net Income	$-2,182	$-43,776	-1.0%

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

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
TENESHEA LUCKEY	SECRETARY	0.50	Officer Director	$0	$0	$0
MARLENE HODGES	CHAIR	0.50	Officer Director	$0	$0	$0
RON YORK	DIRECTOR	0.50	Director	$0	$0	$0
HILLARY ZIMMERMAN	DIRECTOR	0.50	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
2018	$36,500	$38,682	$483,987	$-2,182

COVAM COMMUNITY DEVELOPMENT CORPORATION