SOUTHWEST TENNESSEE COMMUNITY DEVELOPMENT CORPORATION

EIN: 510549810 501(c)(3) Housing & Shelter

HENDERSON, TN

Total Revenue
$856,228
Total Expenses
$425,580
Total Assets
$3,002,591
Net Assets
$2,944,590
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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
TN
Principal Officer
MIKE SMITH
Phone
7314359129
Tax Period
2024-07-01 to 2025-06-30

SOUTHWEST TENNESSEE COMMUNITY DEVELOPMENT CORPORATION, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $856K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $431K, a strong 50% operating margin.

Mission

TO PROVIDE DECENT AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT FOR THE LOW AND MODERATE INCOME CITIZENS OF EIGHT COUNTIES IN WEST TENNESSEE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $562,341
Program Service Revenue $241,530
Investment Income $0
Other Revenue $52,357
TOTAL REVENUE $856,228

Expense Breakdown

Grants Paid $0
Salaries & Benefits $103,947
Fundraising Expenses $0
Program Expenses $425,345
Other Expenses $321,633
TOTAL EXPENSES $425,580

Year-over-Year Comparison

2024 2023 Change
Revenue $856,228 $588,419 +0.5%
Expenses $425,580 $386,773 +0.1%
Net Income $430,648 $201,646 +1.1%
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

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Governance

Voting Members
11
Independent Members
11
Employees
1
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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NEAL SMITH SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
BRENT BESHIRES BOARD MEMBER 1.00
Director
$0 $0 $0
MICKEY LARKINS VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
COLLLIS SPENCER BOARD MEMBER 1.00
Director
$0 $0 $0
ALLEN CHERRY BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT GREEN BOARD MEMBER 1.00
Director
$0 $0 $0
MELBA JOHNSON CHAIRMAN 1.00
Officer Director
$0 $0 $0
MARGARET MILAM BOARD MEMBER 1.00
Director
$0 $0 $0
PORTIA BURTON BOARD MEMBER 1.00
Director
$0 $0 $0
CALLESSIA SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN ETTA BLACK 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
2025 $856,228 $425,580 $3,002,591 $430,648
2024 $588,419 $386,773 $2,848,671 $201,646
2023 $328,596 $327,722 $2,336,217 $874
2022 $395,289 $472,765 $2,820,892 $-77,476
2021 $410,415 $447,989 $2,946,282 $-37,574
2020 $849,759 $416,660 $2,886,752 $433,099
2019 $31,719 $411,698 $2,343,218 $-379,979
2018 $464,562 $409,409 $2,753,696 $55,153
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