IJARA COMMUNITY DEVELOPMENT CORPORATION (EIN 464609316) - 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

2014

Legal Domicile

Principal Officer

SHOAIB M SHARIEFF

Phone

8778645272

Tax Period

2023-01-01 to 2023-12-31

IJARA COMMUNITY DEVELOPMENT CORPORATION, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $253K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $284K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE MISSION OF THE IJARA SHARIA HOMEOWNER LEARNING INSTITUTE (ISHLI) IS TO ADDRESS THE ISSUES OF HOMEOWNERSHIP THAT ISLAMIC FAMILIES ENCOUNTER. ISHLI ACCOMPLISHES ITS MISSION THROUGH THE IMPLEMENTATION OF EDUCATIONAL FORUMS, SHARIA FINANCIAL COUNSELING, IJARA HOME PURCHASE PROGRAM AND IJARA SHARIA MORTGAGE EDUCATION. THESE PROGRAMS ADDRESS THE NEEDS OF SHARIA COMPLIANT FINANCIALLY UNDERSERVED ISLAMIC COMMUNITIES, ECONOMICALLY CHALLENGED PERSONS AND COMMUNITIES AND OTHER COMMUNITIES THAT FALL UNDER THE CHARITABLE PURPOSES FOR WHICH IJARA IS ESTABLISHED AND AUTHORIZED TO SERVE.

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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 $233

Program Service Revenue $252,921

Investment Income $12

Other Revenue $0

TOTAL REVENUE $253,166

Expense Breakdown

Grants Paid $14,677

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $239,809

Other Expenses $269,661

TOTAL EXPENSES $284,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$253,166	$279,251	-0.1%
Expenses	$284,338	$308,451	-0.1%
Net Income	$-31,172	$-29,200	+0.1%

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

N/A

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
GEMALA AFIFI	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ABRAHAM RIZQALLA	DIRECTOR	N/A	Director	$0	$0	$0
SHOAIB M SHARIEFF	PRESIDENT/TR	N/A	Officer	$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
2023	$253,166	$284,338	$94,940	$-31,172
2022	$279,251	$308,451	$88,810	$-29,200
2021	$228,819	$244,284	$120,011	$-15,465
2020	$216,513	$196,170	$145,079	$20,343
2019	$205,450	$221,711	$82,303	$-16,261

IJARA COMMUNITY DEVELOPMENT CORPORATION