NOLI CDC CORPORATION

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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

2013

Legal Domicile

Principal Officer

ADINA TATUM

Phone

8593792049

Tax Period

2021-01-01 to 2021-12-31

NOLI CDC CORPORATION, founded in 2013, is a small nonprofit that reported $239K in total revenue in fiscal year 2021. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $420K exceeded revenue, resulting in a 76% operating deficit.

Mission

THE NORTH LIMESTONE COMMUNITY DEVELOPMENT CORPORATION IS A NON-PROFIT ORGANIZATION WORKING ON THE LIVABILITY OF THE NORTH LIMESTONE CORRIDOR. WE TIE OUR PROJECTS TO LIVABILITY THROUGH OUR 3 PROGRAMMING TENANTS: - AFFORDABLE HOUSING - ECONOMIC DEVELOPMENT- COMMUNITY & CULTURAL INITIATIVES

Program Service Accomplishments

Program 1

Expenses: $307,053 Revenue: $35,932

LUIGART MAKERS SPACES - THE LUIGART MAKERS SPACES IS AN AFFORDABLE HOMEOWNERSHIP PROGRAM THAT WILL REHABILITATE THE NORTH LIMESTONE NEIGHBORHOOD'S HISTORIC WORKFORCE HOUSING, AND PREPARE RESIDENTS...

LUIGART MAKERS SPACES - THE LUIGART MAKERS SPACES IS AN AFFORDABLE HOMEOWNERSHIP PROGRAM THAT WILL REHABILITATE THE NORTH LIMESTONE NEIGHBORHOOD'S HISTORIC WORKFORCE HOUSING, AND PREPARE RESIDENTS FOR HOMEOWNERSHIP THROUGH FINANCIAL LITERACY AND EQUITY PROGRAMS.

Program 2

NIGHT MARKET - THE NIGHT MARKET IS A MONTHLY POP-UP STREET FESTIVAL THAT IS A PLATFORM FOR NEIGHBORHOOD BUSINESSES; THE MARKET HIGHLIGHTS OUR NEIGHBORHOOD'S CREATIVITY AND BRINGS PEOPLE TOGETHER FROM...

Program 3

NORTH LIMESTONE CULTURAL PLAN - THE NORTH LIMESTONE CULTURAL PLAN IS A PLANNING PROCESS THAT WILL ENGAGE THE RESIDENTS OF OUR NEIGHBORHOOD TO IDENTIFY PUBLIC SPACE NEEDS AND VISIONS, BARRIERS TO ARTS AND CULTURAL ACCESS, AND GUIDE THE DIRECTION OF CULTURAL AND COMMUNITY DEVELOPMENT IN OUR NEIGHBORHOOD.

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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 (2021)

Revenue Breakdown

Contributions & Grants $195,490

Program Service Revenue $0

Investment Income $7,323

Other Revenue $35,932

TOTAL REVENUE $238,745

Expense Breakdown

Grants Paid $54,500

Salaries & Benefits $195,386

Fundraising Expenses $9,769

Program Expenses $307,053

Other Expenses $169,819

TOTAL EXPENSES $419,705

Year-over-Year Comparison

	2021	2020	Change
Revenue	$238,745	$625,381	-0.6%
Expenses	$419,705	$566,886	-0.3%
Net Income	$-180,960	$58,495	-4.1%

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

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
JAMES BROWN	1ST DISTRICT COUNCIL MEMBE	1.00	Officer Director	$0	$0	$0
BRANDY DAVIS	CHAIR	1.00	Officer Director	$0	$0	$0
KIM GREEN	DIRECTOR	1.00	Officer Director	$0	$0	$0
ARCHIE TURNER	DIRECTOR	1.00	Director	$0	$0	$0
THEODORE WARE	DIRECTOR	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
2021	$238,745	$419,705	$691,968	$-180,960
2020	$625,381	$566,886	$883,280	$58,495
2019	$464,825	$377,339	$848,394	$87,486
2018	$102,674	$467,746	$829,711	$-365,072