LOWELL COMMUNITY DEVELOPMENT CORPO… - 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

2011

Legal Domicile

Phone

5599161247

Tax Period

2024-01-01 to 2024-12-31

LOWELL COMMUNITY DEVELOPMENT CORPORATION, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $231K in total revenue in fiscal year 2024. Revenue fell 79% from the prior year — a significant decline worth monitoring. Net assets of $1.6M represent 84 months of operating reserves.

Mission

The Lowell Community Development Corporation exists to improve the quality of life in the Lowell neighborhood through community engagement, equitable housing and historic diversity.

Program Service Accomplishments

Program 1

Expenses: $173,601

VAROUS SERVICE/PROGRAM ACTIVITIES

Program 2

TENANT EDUCATION

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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 $297,539

Program Service Revenue $0

Investment Income $9,327

Other Revenue $-75,604

TOTAL REVENUE $231,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,293

Fundraising Expenses $0

Program Expenses $173,601

Other Expenses $74,901

TOTAL EXPENSES $248,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,262	$1,090,500	-0.8%
Expenses	$248,194	$237,009	+0.0%
Net Income	$-16,932	$853,491	-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

N/A

Employees

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
CHAD REEDER	Treasurer	0.00	Officer Director	$0	$0	$0
DESIRAE WASHINGTON	Director	0.00	Officer Director	$0	$0	$0
CHRISTIAN GONZALEZ	Secretary	0.00	Officer Director	$0	$0	$0
LAZARO SALAZAR	Director	0.00	Officer Director	$0	$0	$0
KELSEY MCVEY	Vice Chair	0.00	Officer Director	$0	$0	$0
VERONICA STUMPF	Director	0.00	Officer Director	$0	$0	$0
CAROLYN FLORES	Board Chair	0.00	Officer Director	$0	$0	$0
ESTHER CARVER	EXECUTIVE DIRECTOR	40.00		$0	$0	$0
SAMAI MUNOZ BELLO	ENGAGEMENT COORDINATOR	40.00		$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	$231,262	$248,194	$1,945,435	$-16,932
2023	$1,090,500	$237,009	$2,590,840	$853,491
2022	$1,301,554	$259,964	$1,571,323	$1,041,590
2021	$222,572	$129,492	$538,074	$93,080
2020	$305,608	$114,035	$449,196	$191,573
2019	$178,970	$68,399	$244,139	$110,571
2018	$121,669	$78,479	$126,556	$43,190

LOWELL COMMUNITY DEVELOPMENT CORPORATION