MARSHALL HEIGHTS COMMUNITY DEVELOPMENT

EIN: 521165147 501(c)(3) Community Improvement

WASHINGTON, DC

Total Revenue
$2,214,305
Total Expenses
$2,334,525
Total Assets
$3,733,413
Net Assets
$1,057,571
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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
1978
Legal Domicile
DC
Principal Officer
DAVID RETLAND
Phone
2023961200
Tax Period
2023-10-01 to 2024-09-30

MARSHALL HEIGHTS COMMUNITY DEVELOPMENT, founded in 1978, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

MHCDO PROVIDES SERVICES DESIGNED TO EXPAND ECONOMIC OPPORTUNITIES, INCREASE SELF-SUFFICIENCY, AND IMPROVE THE QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES IN WARD 7 AND THE DISTRICT

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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 (2023)

Revenue Breakdown

Contributions & Grants $285,760
Program Service Revenue $1,648,213
Investment Income $42,593
Other Revenue $237,739
TOTAL REVENUE $2,214,305

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,114,029
Fundraising Expenses $0
Program Expenses $1,860,476
Other Expenses $1,220,496
TOTAL EXPENSES $2,334,525

Year-over-Year Comparison

2023 2022 Change
Revenue $2,214,305 $2,840,389 -0.2%
Expenses $2,334,525 $2,425,423 0.0%
Net Income $-120,220 $414,966 -1.3%
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
13
Independent Members
13
Employees
7
Volunteers
10

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
5
$150,000
Total Directors
14
$150,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID RETLAND CHAIRMAN 1.00
Officer Director
$0 $0 $0
MARY GAFFNEY MEMBER 1.00
Director
$0 $0 $0
LAURA RICHARDS TREASURER 1.00
Officer Director
$0 $0 $0
DENISE REED VICE CHAIR 1.00
Officer Director
$0 $0 $0
DAWN COVIN MEMBER 1.00
Director
$0 $0 $0
DAVID ALVARANGA FINANCIAL SECRETARY 1.00
Officer Director
$0 $0 $0
CHRISTOPHER WILLIAMS MEMBER 1.00
Director
$0 $0 $0
CARLENE THOMPSON MEMBER 1.00
Director
$0 $0 $0
LAURESE DANCY-TATE MEMBER 1.00
Director
$0 $0 $0
RICHARD HAMILTON MEMBER 1.00
Director
$0 $0 $0
JOSEPHINE SAMUELS MEMBER 1.00
Director
$0 $0 $0
VIRGINIA WILLIAMS MEMBER 1.00
Director
$0 $0 $0
CARRIE THORNHILL MEMBER 1.00
Director
$0 $0 $0
BABATUNDE OLOYEDE PRESIDENT/CEO 40.00
Officer Director
$150,000 $0 $150,000
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 $2,214,305 $2,334,525 $3,733,413 $-120,220
2022 $2,744,597 $2,172,902 $3,098,227 $571,695
2022 $2,691,542 $2,391,701 $2,896,714 $299,841
2021 $2,136,005 $2,033,505 $2,891,377 $102,500
2020 $1,351,420 $1,233,467 $2,117,815 $117,953
2019 $834,858 $1,180,637 $1,772,311 $-345,779
2018 $1,014,722 $1,095,869 $2,452,525 $-81,147
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