Cherry Hill Development Corporation

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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

1981

Legal Domicile

Principal Officer

LACHELE KELLAM

Phone

4103551145

Tax Period

2023-01-01 to 2023-12-31

Cherry Hill Development Corporation, founded in 1981, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 606% from the prior year, signaling strong growth momentum. The organization ran a surplus of $589K, a strong 53% operating margin.

Mission

SUPPORT ECONOMIC DEVELOPMENT OF LOW INCOME HOUSING REHAB, EDUCATION AND OTHER SOCIAL SERVICES TO LOW TO MODERATE INCOME FAMILIES

Program Service Accomplishments

Program 1

DEVELOPMENT OF VACANT AND UNDERUTILIZED PROPERTIES FOR SALE TO LOW TO MODERATE INCOME FAMILIES IN THE CHERRY HILL NEIGHBORHOOD OF BALTIMORE CITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,120,846

Program Service Revenue $0

Investment Income $41

Other Revenue $0

TOTAL REVENUE $1,120,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $227,498

Fundraising Expenses $15,090

Other Expenses $304,555

TOTAL EXPENSES $532,053

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,120,887	$158,822	+6.1%
Expenses	$532,053	$569,031	-0.1%
Net Income	$588,834	$-410,209	-2.4%

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

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LACHELE KELLAM	EXECUTIVE DIRECTOR	40.00	Officer	$90,000	$0	$90,000
DEBORAH HARRIS	CHAIR	2.000	Officer Director	$0	$0	$0
SHARON CLEMENTS	COCHAIR	2.000	Officer Director	$0	$0	$0
BETTY BAZE	DIRECTOR	1.000	Director	$0	$0	$0
MALIK BRICE-MCKOY	DIRECTOR	1.000	Director	$0	$0	$0
CHARLES MCKOY	DIRECTOR	1.000	Director	$0	$0	$0
TERAYA CEO	DIRECTOR	1.000	Director	$0	$0	$0
CHRISTOPHER HARRISON	DIRECTOR	1.000	Director	$0	$0	$0
RAYMOND HOLMES	DIRECTOR	1.000	Director	$0	$0	$0
MARIA GRANONE	DIRECTOR	1.000	Director	$0	$0	$0
TASHA MCNEIL	DIRECTOR	1.000	Director	$0	$0	$0
RICHARD PARTLOW	DIRECTOR	1.000	Director	$0	$0	$0
ISAAC TOYOS	DIRECTOR	1.000	Director	$0	$0	$0
KORENE SENIOR	DIRECTOR	1.000	Director	$0	$0	$0
SACHA SMITH	DIRECTOR	1.000	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	No data	No data	No data	No data
2023	$1,120,887	$532,053	$1,004,126	$588,834
2022	$158,822	$569,244	$284,890	$-410,422
2021	$778,863	$366,683	$677,466	$412,180
2020	$315,368	$685,589	$269,757	$-370,221
2019	$901,081	$327,790	No data	$573,291