CENTENNIAL PARKSIDE CDC

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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

Jessi Koch

Phone

2672258356

Tax Period

2024-01-01 to 2024-12-31

CENTENNIAL PARKSIDE CDC, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $931K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $888K left a modest 5% surplus.

Mission

OUR MISSION IS TO PRESERVE, PROMOTE AND REVITALIZE EAST PARKSIDE THROUGH PARTNERSHIPS WITH BUSINESSES AND INSTITUTIONS AND PROGRAMS THAT ENGAGE RESIDENTS, INCREASE OPPORTUNITY, AND GROW A DIVERSE, THRIVING COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $370,865 Revenue: $0

REAL ESTATE - WORKS TO ACQUIRE AND RENOVATE PROPERTIES IN THE NEIGHBORHOOD TO PROVIDE AFFORDABLE HOUSING AND COMMERCIAL SPACE FOR RESIDENTS. EDUCATES RESIDENTS IN REAL ESTATE ACQUISITION...

REAL ESTATE - WORKS TO ACQUIRE AND RENOVATE PROPERTIES IN THE NEIGHBORHOOD TO PROVIDE AFFORDABLE HOUSING AND COMMERCIAL SPACE FOR RESIDENTS. EDUCATES RESIDENTS IN REAL ESTATE ACQUISITION, DEVELOPMENT, AND MANAGEMENT.

Program 2

Expenses: $286,793 Revenue: $173,823

THE CLEAN AND GREEN / AMBASSADOR PROGRAM - PROVIDES SUPPLEMENTAL CLEAN UP TO CITY SERVICES. WE HOLD BLOCK CLEAN UPS, SWEEP SIDEWALKS, REMOVE BILL POSTING AND ATTEND TO VACANT LOT MAINTENANCE. WE ALSO PROVIDE A LIVING WAGE JOB TO RESIDENTS AND WORKFORCE DEVELOPMENT OPPORTUNITIES TO BUILD NEW SKILLS.

Program 3

Expenses: $141,028 Revenue: $0

ARTS AND CULTURE PROGRAMS - NEIGHBORHOOD PROGRAMMING RELATED TO HEALTH AND THE ARTS. THIS INCLUDES FINANCIAL LITERACY WORKSHOPS FOR YOUTH AND THEIR PARENTS, SPOKEN WORD AND POETRY WORKSHOPS FOR...

ARTS AND CULTURE PROGRAMS - NEIGHBORHOOD PROGRAMMING RELATED TO HEALTH AND THE ARTS. THIS INCLUDES FINANCIAL LITERACY WORKSHOPS FOR YOUTH AND THEIR PARENTS, SPOKEN WORD AND POETRY WORKSHOPS FOR YOUTH, AND SPACES FOR YOUTH TO EXPRESS THEIR CHALLENGES AND VICTORIES THROUGH TABLE TALKS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $748,215

Program Service Revenue $173,823

Investment Income $7,666

Other Revenue $842

TOTAL REVENUE $930,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $454,736

Fundraising Expenses $5,845

Program Expenses $803,433

Other Expenses $433,066

TOTAL EXPENSES $887,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$930,546	$812,649	+0.1%
Expenses	$887,802	$634,863	+0.4%
Net Income	$42,744	$177,786	-0.8%

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

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

$103,237

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSI RAY KOCH	EXECUTIVE DIRECTOR	40.00	Officer	$77,289	$6,874	$84,163
CHRIS SPAHR	EXECUTIVE DIRECTOR	40.00	Officer	$17,860	$1,214	$19,074
JOYCE SMITH	INTERIM PRESIDENT	6.00	Officer Director	$0	$0	$0
RONALD COLEMAN	TREASURER	6.00	Officer Director	$0	$0	$0
RYAN SCHUMANN	SECRETARY	6.00	Officer Director	$0	$0	$0
LORRAINE GOMEZ	RCO CHAIR	6.00	Director	$0	$0	$0
NANCY BOYD	TRUSTEE	6.00	Director	$0	$0	$0
ASHA LE DAVIS	TRUSTEE	6.00	Director	$0	$0	$0
RADEE HAMMETT	TRUSTEE	6.00	Director	$0	$0	$0
BETHANY HOUSEMAN	TRUSTEE	6.00	Director	$0	$0	$0
JULIO RODRIGUEZ	TRUSTEE	6.00	Director	$0	$0	$0
JAMES WRIGHT	TRUSTEE	6.00	Director	$0	$0	$0
RYAN KUCK	ADVISORY MEMBER	6.00	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	$930,546	$887,802	$1,210,722	$42,744
2023	$812,649	$634,863	$1,182,481	$177,786
2022	$468,133	$506,327	$1,054,159	$-38,194
2021	$310,858	$479,984	$942,290	$-169,126
2020	$524,711	$274,459	$1,116,571	$250,252
2019	$511,290	$251,071	$737,463	$260,219
2018	$572,977	$151,859	$477,244	$421,118