FLORIDA COMMUNITY DEVELOPMENT CORPORATION (EIN 475277831) - 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

2015

Legal Domicile

Principal Officer

STEPHANIE WILLIAMS - BALDWIN

Phone

3053328180

Tax Period

2024-01-01 to 2024-12-31

FLORIDA COMMUNITY DEVELOPMENT CORPORATION, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $175K in total revenue in fiscal year 2024. Revenue fell 95% from the prior year — a significant decline worth monitoring. Net assets of $5.7M represent 390 months of operating reserves.

Mission

To foster providea and maintain housing services and social services to very low low and moderate income individuals and families and in furtherance thereof the corporationj may carry out specific activities including without limitation; 1 acquiring real estate: 2 developing and constructing commercial and residential real estate: and 3 delivering ancillary services to support underserved populatons.

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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 $74,000

Program Service Revenue $0

Investment Income $21,079

Other Revenue $80,000

TOTAL REVENUE $175,079

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,666

Fundraising Expenses $0

Program Expenses $0

Other Expenses $75,605

TOTAL EXPENSES $192,271

Year-over-Year Comparison

	2024	2023	Change
Revenue	$175,079	$3,441,234	-0.9%
Expenses	$192,271	$194,162	0.0%
Net Income	$-17,192	$3,247,072	-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

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

$108,450

Total Directors

$108,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Williams-Baldwin Stephanie	Pres Director Secretary	21.00	Officer Director	$0	$0	$0
Cowins Williams Jessie	Vice Pres	6.00	Director	$0	$0	$0
Baldwin Jasmine	CEO dir	50.00	Officer Director	$0	$0	$108,450
Wallace Janelle N	Director	3.00	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	$175,079	$192,271	$5,697,650	$-17,192
2023	$3,441,234	$194,162	$5,724,706	$3,247,072
2022	$98,969	$61,497	$2,469,605	$37,472
2021	$98,006	$201,105	$2,982,490	$-103,099
2020	$34,900	$127,351	$3,081,683	$-92,451

FLORIDA COMMUNITY DEVELOPMENT CORPORATION