FAITH COMMUNITY DEVELOPMENT CORP (EIN 464178872) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

JOE BLAKE

Phone

7654481986

Tax Period

2024-07-01 to 2025-06-30

FAITH COMMUNITY DEVELOPMENT CORP, founded in 2013, is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 378% from the prior year, signaling strong growth momentum. Expenses of $11.1M exceeded revenue, resulting in a 161% operating deficit.

Mission

THE ORGANIZATION IS ORGANIZED FOR THE PURPOSES OF OWNING, PROVIDING, CONVEYING, AND DEVELOPING AFFORDABLE, DECENT, SAFE, AND SANITARY HOUSING FOR LOW AND MODERATE-INCOME FAMILIES AND PERSONS; ORGANIZING VOLUNTEERS FOR RELATED HOME RENOVATION PROJECTS; PROVIDING HOMEBUYER AND HOMEOWNERSHIP EDUCATION TO LOW AND MODERATE-INCOME FAMILIES AND PERSONS; AND CREATING AND PROVIDING HOUSING OPPORTUNITIES FOR LOW AND MODERATE-INCOME HOUSEHOLDS BY CONSTRUCTING AND REFURBISHING RESIDENTIAL STRUCTURES. ADDITIONALLY, THE ORGANIZATION IS ORGANIZED TO PROVIDE HOMEBUYER AND OWNERSHIP EDUCATION; TO REPORT ON ACTIVITIES AND INFORMATION ABOUT PERSONS BENEFITTING FROM THE PROGRAMS TO THE CITY OF LAFAYETTE AND TO HUD; AND TO CARRY ON OTHER SUPPORTIVE PROJECTS THAT WOULD STABILIZE AND ENHANCE LOW AND MODERATE-INCOME NEIGHBORHOODS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $125,580

Program Service Revenue $3,965,273

Investment Income $109,705

Other Revenue $36,622

TOTAL REVENUE $4,237,180

Expense Breakdown

Grants Paid $166,744

Salaries & Benefits $384,284

Fundraising Expenses $0

Program Expenses $11,049,326

Other Expenses $10,504,439

TOTAL EXPENSES $11,055,467

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,237,180	$885,893	+3.8%
Expenses	$11,055,467	$1,910,366	+4.8%
Net Income	$-6,818,287	$-1,024,473	+5.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

217

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

$367,058

Total Directors

$278,244

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW WESTHUIS	CFO	0.00	Officer	$0	$35,697	$160,154
DANIEL YOON	TREASURER	0.50	Officer Director	$0	$29,999	$104,859
JOSH AUCOIN	SECRETARY	0.50	Officer Director	$0	$68,900	$102,045
ROD HUTTON	DIRECTOR	0.50	Director	$0	$47,929	$71,340
JOE BLAKE	CHAIRMAN	0.50	Officer Director	$0	$0	$0
JERRY JAMISON	DIRECTOR	0.50	Director	$0	$0	$0
PETER LEVAVI	DIRECTOR	0.50	Director	$0	$0	$0
EVERETT WHITEMAN	DIRECTOR	0.50	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	$4,237,180	$11,055,467	$2,042,954	$-6,818,287
2024	$885,893	$1,910,366	$12,411,925	$-1,024,473
2023	$862,484	$1,687,186	$12,901,553	$-824,702
2022	$848,055	$1,622,370	$12,975,592	$-774,315
2021	$951,935	$1,805,155	$13,339,624	$-853,220
2020	$859,527	$1,717,808	$13,615,462	$-858,281
2019	$1,883,019	$1,662,935	$13,881,451	$220,084
2018	$1,381,629	$591,681	$12,891,556	$789,948

FAITH COMMUNITY DEVELOPMENT CORP