CENTRAL COMMUNITY DEVELOPMENT CORP

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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

2012

Legal Domicile

Phone

2025051938

Tax Period

2024-01-01 to 2024-12-31

CENTRAL COMMUNITY DEVELOPMENT CORP, founded in 2012, is a small nonprofit in the Employment sector that reported $181K in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $393K exceeded revenue, resulting in a 117% operating deficit.

Mission

TO PLAY A PIVOTAL ROLE IN THE SOCIO-ECONOMIC UPLIFTMENT OF THE CONGRESS HEIGHTS AREA WITH BUSINESS DEVELOPMENT,JOB TRAINING, AND EDUCATIONAL INITIATIVES. IT ALSO OPERATES AN ART CENTER TO EDUCATE AND EXPOSE YOUTH AND ADULTS TO ARTS AND CULTURAL OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $152,485 Revenue: $107,549

CCDC PROVIDES COMMUNITY DEVELOPMENT OPPORTUNITIES TO ENHANCE THE CALIBER OF EVENTS MADE AVAILABLE TO A BROADER DIVERSE AUDIENCE WITH A FOCUS ON WARDS 7 & 8 RESIDENTS THROUGH CULTURAL WORKSHOPS, THE ART ALL NIGHT EVENT AND ITS ANNUAL JUNETEENTH CELEBRATION TO BRING AWARENESS TO LOCAL HEROES MAKING A DIFFERENCE IN THE COMMUNITY THROUGH THEIR SERVICE. MANY COLLABORATIONS WITH TOP-TIER CREATIVES AND COMMUNITY ORGANIZATIONS WORK TO PRESENT EXPERIENCES SUCH AS ARTS MARKETS, CABARET STYLE PERFORMANCES AND DJ SETS FOR THE LOCAL CULTURAL LANDSCAPE. SOUFSIDE CREATIVE AT THE WELL AT OXON RUN IS A COMMITMENT OF CCDC TO ENRICH THE COMMUNITY THROUGH ART PROGRAMMING. CURATING FAMILY FRIENDLY EVENTS THAT INTEGRATE ARTS, HEALTH, WELLNESS AND NATURE FOR ALL AGES. CCDC ALSO WORKED IN COLLABORATION WITH KINGSMAN ACADEMY, A PUBLIC CHARTER SCHOOL IN WARD 7 TO PROVIDE STUDENTS WITH INTERNSHIP OPPORTUNITIES IN VARIOUS FIELDS OF ADMINISTRATION, CLERICAL AND BUILDING MAINTENANCE.

Program 2

Expenses: $101,275 Revenue: $46,500

CHACC GALLERY TYPICALLY SHOWS THE WORK OF YOUNGER LESSER KNOWN ARTISTS, WITH SOMETIMES EDGIER OR MORE EXPERIMENTAL WORK. INVENTORY OF ART IS ACQUIRED FROM LOCAL AND INTERNATIONAL ARTISTS AND OTHER...

CHACC GALLERY TYPICALLY SHOWS THE WORK OF YOUNGER LESSER KNOWN ARTISTS, WITH SOMETIMES EDGIER OR MORE EXPERIMENTAL WORK. INVENTORY OF ART IS ACQUIRED FROM LOCAL AND INTERNATIONAL ARTISTS AND OTHER ITEMS ARE PRODUCED BY LOCAL CRAFT MAKERS. CHACC ART GALLERY HAS EXPANDED TO A SECOND LOCATION WITHIN WARD 8 UNDER THE SOUFSIDE CREATIVE TRADE NAME. OFFERING A UNIQUE OPPORTUNITY TO ENGAGE WITH THE LOCAL COMMUNITY AND DISCOVER THE TALENTS OF ARTISANS AND ENTREPRENEURS. THE GALLERY RELIES PRIMARILY ON DONATIONS AND GRANTS FOR OPERATIONS. ARTIST RECEIVE PAYMENT FOR THEIR WORK WHEN IT IS PURCHASED.

Program 3

Expenses: $66,179 Revenue: $26,820

CHACC PROVIDES RENTAL SPACE FOR LOCAL ARTISTS, SMALL BUSINESS ENTREPRENEURS, AND MONTHLY BOARD MEETINGS FOR COMMUNITY ORGANIZATIONS AT BELOW MARKET RATES.

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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 $116,112

Program Service Revenue $47,729

Investment Income $17,028

Other Revenue $0

TOTAL REVENUE $180,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,338

Fundraising Expenses $0

Program Expenses $319,939

Other Expenses $262,833

TOTAL EXPENSES $393,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$180,869	$633,142	-0.7%
Expenses	$393,171	$285,679	+0.4%
Net Income	$-212,302	$347,463	-1.6%

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

Total Directors

$27,500

Key Employees

$32,083

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEYONNA JONES	VICE CHAIR AND EXECUTIVE DIRECTOR	40.00	Key Emp	$32,083	$0	$32,083
BARBARA THOMPSON	SECRETARY TREASURER	32.00	Director	$27,500	$0	$27,500
PHINIS JONES	CHAIR	10.00	Director	$0	$0	$0
DONALD ISAAC	MEMBER	1.00	Director	$0	$0	$0
GWENDOLYN TONEY	MEMBER	5.00	Director	$0	$0	$0
KATRINA JONES	MEMBER	1.00	Director	$0	$0	$0
MELAT DEBELA	MEMBER	1.00	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	$180,869	$393,171	$715,674	$-212,302
2023	$633,142	$285,679	$928,144	$347,463
2022	$160,811	$201,021	$526,421	$-40,210
2021	$252,859	$354,390	$566,631	$-101,531