CITYLIGHT LIFE DEVELOPMENT INC (EIN 471086444) - 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

GREGORY LANRE IJIWOLA

Phone

8478636948

Tax Period

2023-01-01 to 2023-12-31

CITYLIGHT LIFE DEVELOPMENT INC, founded in 2014, is a micro nonprofit in the Community Improvement sector that reported $36K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $31K left a modest 14% surplus.

Mission

The Life Development Center aims to be an effective faith-based catalyst for the development of lives the Chicago area and internationally. We provide innovative services in five areas: Leadership Development, Educational Enrichment, Community Engagement, Youth development and economic empowerment. Our Vision is to be an effective faith-based catalyst for the development of people and communities. We value people-potential, collaboration, sustainability, accountability and faith.

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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 $32,386

Program Service Revenue $3,596

Investment Income $0

Other Revenue $0

TOTAL REVENUE $35,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,403

Other Expenses $30,896

TOTAL EXPENSES $30,896

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,982	$39,253	-0.1%
Expenses	$30,896	$33,739	-0.1%
Net Income	$5,086	$5,514	-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

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
OLUMIDE AJIGINNI	DIRECTOR	30	Director	$0	$0	$0
ADEBOWALE IJIWOLA	DIRECTOR	3	Director	$0	$0	$0
OMO IMOUKHUEDE	DIRECTOR	1	Director	$0	$0	$0
PEACE UDECHUKWU	DIRECTOR	25	Director	$0	$0	$0
GREGORY LANRE IJIWOLA	PRESIDENT	25	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	$35,982	$30,896	$15,809	$5,086
2022	$39,253	$33,739	$10,723	$5,514

CITYLIGHT LIFE DEVELOPMENT INC