GREATER LOCAL NEIGHBORHOODS COMMUN… - Form 990 Financial Data

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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

MICHAEL J HAROLD

Phone

5132901173

Tax Period

2023-01-01 to 2023-12-31

GREATER LOCAL NEIGHBORHOODS COMMUNITY DEVELOPMENT CORPORATION, founded in 2014, is a micro nonprofit in the Housing & Shelter sector that reported $51K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $64K exceeded revenue, resulting in a 26% operating deficit.

Mission

AFFORDABLE HOUSING

Program Service Accomplishments

Program 1

Expenses: $64,485 Revenue: $0

TO OWN AND OPERATE AFFORDABLE HOUSING UNITS THAT HAVE BEEN RENOVATED FROM VACANT PROPERTIES IN BLIGHTED AREAS THAT WILL MEET FEDERAL, STATE AND LOCAL OBJECTIVES.

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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 $51,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $51,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $64,485

Other Expenses $64,485

TOTAL EXPENSES $64,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,000	$411,846	-0.9%
Expenses	$64,485	$43,590	+0.5%
Net Income	$-13,485	$368,256	-1.0%

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

N/A

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
MICHAEL J HAROLD	DIRECTOR OF OPERATIONS	20.00	Officer	$0	$0	$0
MARIAH LEWIS	TREASURER	1.00	Officer	$0	$0	$0
SAMUEL HAROLD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOY SPADARO	BOARD 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	No data	No data	No data	No data
2023	$51,000	$64,485	$818,280	$-13,485
2022	$411,846	$43,590	$781,369	$368,256

GREATER LOCAL NEIGHBORHOODS COMMUNITY DEVELOPMENT CORPORATION