Roanoke Chowan Development Corporation (EIN 463972912) - Form 990 Financial Analysis & Trantor Score

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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

2015

Legal Domicile

Principal Officer

Tarsha Dudley

Phone

2523324104

Tax Period

2023-07-01 to 2024-06-30

Roanoke Chowan Development Corporation, founded in 2015, is a micro nonprofit in the Housing & Shelter sector that reported $63K in total revenue in fiscal year 2023. Revenue surged 91% from the prior year, signaling strong growth momentum. Expenses of $85K exceeded revenue, resulting in a 35% operating deficit.

Mission

To provide low rent housing to handicapped or disabled individuals whose household income generally does not exceed 30% of the local area median income.

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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 (2023)

Revenue Breakdown

Contributions & Grants $36,460

Program Service Revenue $25,721

Investment Income $0

Other Revenue $1,200

TOTAL REVENUE $63,381

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $74,517

Other Expenses $85,313

TOTAL EXPENSES $85,313

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,381	$33,158	+0.9%
Expenses	$85,313	$59,198	+0.4%
Net Income	$-21,932	$-26,040	-0.2%

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
Andre Lassiter	Chair	1.00	Director	$0	$0	$0
Deda Evans	Vice Chair	1.00	Director	$0	$0	$0
Ronald Gatling	Director	1.00	Director	$0	$0	$0
Catherine Pierce	Director	1.00	Director	$0	$0	$0
Charles Simmons	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
2025	No data	No data	No data	No data
2024	$63,381	$85,313	$1,137,309	$-21,932
2022	$61,029	$85,307	$1,220,698	$-24,278
2021	$72,737	$49,680	$1,266,481	$23,057
2020	$76,723	$128,664	$1,269,052	$-51,941
2019	$77,015	$112,972	$1,353,519	$-35,957

Roanoke Chowan Development Corporation