ZION CORNER DEVELOPMENT INC

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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

2000

Legal Domicile

Principal Officer

JOSEPH GIRARDI

Phone

3147260111

Tax Period

2024-01-01 to 2024-12-31

ZION CORNER DEVELOPMENT INC, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $264K in total revenue in fiscal year 2024. Expenses of $393K exceeded revenue, resulting in a 49% operating deficit.

Mission

LOW INCOME HOUSING

Program Service Accomplishments

Program 1

Expenses: $286,626 Revenue: $258,583

ZION CORNER DEVELOPMENT INC DBA MT ZION IS A NONPROFIT CORPORATION ESTABLSHED TO PROVIDE ELDERLY AND DISABLED PERSONS WITH HOUSING FACILITIES AND SECURITIES. THE CORPORATION HAS CONSTRUCTED HOUSING UTILIZING FUNDS PROVIDED BY A CAPITAL ADVANCE UNSER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959, AS AMENDED. THE CAPITAL ADVANCE REQUIREMENTS ARE IN COMPLIANCE WITH THE PROVISIONS AND REGULATIONS OF THE ACT.

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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 $0

Program Service Revenue $258,583

Investment Income $2,266

Other Revenue $3,307

TOTAL REVENUE $264,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,849

Fundraising Expenses $0

Program Expenses $286,626

Other Expenses $316,680

TOTAL EXPENSES $392,529

Year-over-Year Comparison

	2024	2023	Change
Revenue	$264,156	$265,814	0.0%
Expenses	$392,529	$349,636	+0.1%
Net Income	$-128,373	$-83,822	+0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA CALLIOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
MAUREEN DUNN	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDRA DEW GAINEY	CHAIR	1.00	Officer Director	$0	$0	$0
JASON HANNEKE	BOARD MEMBER	1.00	Director	$0	$0	$0
ALVERNE HOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
GENE STUBBLEFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH GIRARDI	CFO	1.00	Officer	$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	$264,156	$392,529	$1,466,127	$-128,373
2023	$265,814	$349,636	$1,601,687	$-83,822
2022	$262,589	$287,716	$1,693,437	$-25,127
2021	$255,860	$314,592	$1,679,696	$-58,732
2020	$254,420	$299,765	$1,721,657	$-45,345
2019	$236,024	$292,662	$1,793,835	$-56,638
2018	$217,994	$297,629	$1,837,124	$-79,635