SOUTHEAST COMMUNITY DEVELOPMENT CO… - 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

1975

Legal Domicile

Principal Officer

CARLA PAISLEY

Phone

4103423234

Tax Period

2024-07-01 to 2025-06-30

SOUTHEAST COMMUNITY DEVELOPMENT CORPORATION INC, founded in 1975, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.9M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $964K, a strong 16% operating margin.

Mission

TO PROVIDE SUPPORT FOR CHARITABLE, EDUCATIONAL, AND OTHER COMMUNITY SERVICES FOR THE NEIGHBORHOODS OF SOUTHEAST BALTIMORE

Program Service Accomplishments

Program 1

Expenses: $745,600 Revenue: $10,100

HOMEOWNERSHIP/ FINANCIAL STABILITY PROGRAMPROVIDES COMPREHENSIVE HOUSING COUNSELING SERVICES INCLUDING: PRE-PURCHASE, FORECLOSURE PREVENTION, REVERSE MORTGAGE AND FINANCIAL COUNSELING TO HELP OBTAIN...

Program 2

Expenses: $3,358,245 Revenue: $66,193

NEIGHBORHOOD/ COMMERCIAL REVITALIZATION PROGRAMHELPS SOUTHEAST BALTIMORE NEIGHBORHOODS INCREASE HOME VALUES, MARKET COMMUNITIES, OFFER LOW INTEREST LOANS FOR HOME PURCHASE AND REHABILITATION, AND...

NEIGHBORHOOD/ COMMERCIAL REVITALIZATION PROGRAMHELPS SOUTHEAST BALTIMORE NEIGHBORHOODS INCREASE HOME VALUES, MARKET COMMUNITIES, OFFER LOW INTEREST LOANS FOR HOME PURCHASE AND REHABILITATION, AND OBTAIN GRANTS FOR BLOCK PROJECTS

Program 3

Expenses: $467,775 Revenue: $556,369

COMMUNITY SCHOOLS PROGRAMESTABLISHES PARTNERSHIPS TO PROVIDE EXTRA ENRICHMENT AND SUPPORTIVE SERVICES TO CHILDREN AND FAMILIES IN K-8 SCHOOLS IN SOUTHEAST BALTIMORE

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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 $5,221,159

Program Service Revenue $495,608

Investment Income $81,837

Other Revenue $137,054

TOTAL REVENUE $5,935,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,726,835

Fundraising Expenses $0

Program Expenses $4,571,620

Other Expenses $3,244,678

TOTAL EXPENSES $4,971,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,935,658	$3,857,047	+0.5%
Expenses	$4,971,513	$3,518,260	+0.4%
Net Income	$964,145	$338,787	+1.8%

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

161

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

$48,704

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS E SCHMIDT	CHAIR	1.00	Officer Director	$0	$0	$0
JASON FLIPPOU	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CARLOS PLAZAS	TREASURER	1.00	Officer Director	$0	$0	$0
MARK PARKER	SECRETARY	1.00	Officer Director	$0	$0	$0
ALEXANDRA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
BRANT FISHER	DIRECTOR	1.00	Director	$0	$0	$0
DAVE MARCOZZI	DIRECTOR	1.00	Director	$0	$0	$0
DEL JACKIE ADDISON	DIRECTOR	1.00	Director	$0	$0	$0
EBEN HANSEL	DIRECTOR	1.00	Director	$0	$0	$0
GIULIANA VALENCIA BANKS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER NICKOLES	DIRECTOR	1.00	Director	$0	$0	$0
JERYL COLE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HESS	DIRECTOR	1.00	Director	$0	$0	$0
MATT DESANTIS	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW SEWARD	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE FIELDS-HALL	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK LUNDBERG	DIRECTOR	1.00	Director	$0	$0	$0
SONJA WELLS	DIRECTOR	1.00	Director	$0	$0	$0
CARLA PAISLEY	EXECUTIVE DIRECTOR (CURRENT)	40.00	Officer	$48,704	$0	$48,704

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	$5,935,658	$4,971,513	$4,372,306	$964,145
2024	$3,857,047	$3,518,260	$4,600,782	$338,787
2023	$3,516,608	$2,889,255	$4,568,448	$627,353
2022	$3,097,522	$2,405,446	$3,616,310	$692,076
2021	$3,000,533	$2,637,840	$3,405,562	$362,693
2020	$2,679,667	$2,122,123	$2,936,225	$557,544
2019	$2,180,887	$2,158,896	$2,713,494	$21,991
2018	$2,001,619	$2,187,600	$2,587,302	$-185,981

SOUTHEAST COMMUNITY DEVELOPMENT CORPORATION INC