Development Corporation of Columbia Heights (EIN 521385018) - 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

1984

Legal Domicile

Principal Officer

Rasheed Awokoya

Phone

2024834986

Tax Period

2023-01-01 to 2023-12-31

Development Corporation of Columbia Heights, founded in 1984, is a small nonprofit that reported $660K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Net assets of $1.4M represent 25 months of operating reserves.

Mission

See organizations mission on page 2

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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 $225,000

Program Service Revenue $136,389

Investment Income $0

Other Revenue $298,356

TOTAL REVENUE $659,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $329,487

Fundraising Expenses $0

Program Expenses $562,914

Other Expenses $374,155

TOTAL EXPENSES $703,642

Year-over-Year Comparison

	2023	2022	Change
Revenue	$659,745	$906,697	-0.3%
Expenses	$703,642	$771,839	-0.1%
Net Income	$-43,897	$134,858	-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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

$83,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jesse J Wimbish	Chairman	1.00	Officer Director	$0	$0	$0
Lester Cuffie	Vice Chair	1.00	Officer Director	$0	$0	$0
Lenwood Johnson	Secretary	1.00	Officer Director	$0	$0	$0
John Nyarku	Treasurer	1.00	Officer Director	$0	$0	$0
Doris Faulkner	Assistant Secretary	1.00	Officer Director	$0	$0	$0
Tony Norman	Assistant Treasurer	1.00	Officer Director	$0	$0	$0
Randy Jackson	Parliamentarian	1.00	Officer Director	$0	$0	$0
Koby Nyarku	Member	1.00	Director	$0	$0	$0
Kevin Cardwell	Member	1.00	Director	$0	$0	$0
Rosemary Akinmboni	Chaplain	1.00	Director	$0	$0	$0
Kevin Cardell	Member	1.00	Director	$0	$0	$0
Timothy Cardwell	Member	1.00	Director	$0	$0	$0
Shelore Williams	President/CEO	40.00	Key Emp Highest	$83,000	$0	$83,000

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
2023	$659,745	$703,642	$3,162,825	$-43,897
2022	$906,697	$771,839	$3,251,512	$134,858
2021	$491,427	$861,939	$3,344,110	$-370,512
2020	$563,431	$722,508	$3,640,831	$-159,077
2019	$943,295	$1,283,886	$3,685,296	$-340,591
2018	$1,098,800	$1,341,154	$4,079,668	$-242,354

Development Corporation of Columbia Heights