COMMUNITY PRESERVATION DEVELOPMENT… - 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

1989

Legal Domicile

Principal Officer

JANINE LIND

Phone

4103327400

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY PRESERVATION DEVELOPMENT CORPORATION, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $733K, a strong 35% operating margin.

Mission

CPDC'S EXEMPT PURPOSE IS TO CREATE AND PRESERVE FINANCIALLY SOUND, SOCIALLY RESPONSIBLE, DECENT, SAFE AND AFFORDABLE RENTAL HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. CPDC SPONSORS THE ACQUISITION, DEVELOPMENT AND OWNERSHIP OF RENTAL COMMUNITIES; AND COORDINATES AND DEVELOPS SITE-BASED RESIDENT SERVICES THAT PROMOTE INDIVIDUAL GROWTH AND COMMUNITY DEVELOPMENT THROUGH NETWORKS OF RESIDENTS, PRIVATE SECTOR INSTITUTIONS, NONPROFIT ORGANIZATIONS, AND LOCAL AND FEDERAL GOVERNMENT AGENCIES TO CREATE STRATEGIC ALLIANCES. THESE ALLIANCES RESULT IN PROGRAMS THAT PROVIDE CPDC RESIDENTS AND MEMBERS OF SURROUNDING COMMUNITIES WITH THE RESOURCES AND TOOLS THEY NEED TO BRING ABOUT DYNAMIC CHANGE AT THE PERSONAL AND COMMUNITY LEVEL.

Program Service Accomplishments

Program 1

Expenses: $1,359,038 Revenue: $661,058

CPDC DEVELOPS AND PRESERVES FINANCIALLY SOUND, SOCIALLY RESPONSIBLE AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS AND FAMILIES THROUGH ACQUISITION, DEVELOPMENT AND OWNERSHIP, AND WORKS IN PARTNERSHIP WITH RESIDENTS OF HOUSING DEVELOPMENTS (COLLECTIVELY "PROJECTS") TO ESTABLISH SERVICE PROGRAMS THAT STRENGTHEN THEIR COMMUNITIES AND INCREASE OPPORTUNITIES FOR INDIVIDUAL GROWTH. ALL PROJECTS ARE LOCATED IN WASHINGTON, D.C., VIRGINIA, AND MARYLAND.

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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 $0

Program Service Revenue $661,058

Investment Income $1,262,787

Other Revenue $173,258

TOTAL REVENUE $2,097,103

Expense Breakdown

Grants Paid $34,253

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,359,038

Other Expenses $1,329,557

TOTAL EXPENSES $1,363,810

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,097,103	$2,484,318	-0.2%
Expenses	$1,363,810	$680,117	+1.0%
Net Income	$733,293	$1,804,201	-0.6%

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

N/A

Employees

N/A

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

$4,786,609

Total Directors

$2,468,460

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN P MCLAUGHLIN	PRESIDENT UNTIL 4/23	1.00	Officer Director	$0	$4,036	$860,637
CHRISTINE MADIGAN	INTERIM PRES. EVP & CBO AS OF 4/23	1.00	Officer Director	$0	$48,512	$662,170
LINDA MANLEY	CLO & SECRETARY AS OF 4/23	1.00	Officer Director	$0	$56,834	$543,287
TODD DEL TUFO	VP, ASSET MANAGEMENT	1.00	Officer Director	$0	$43,427	$402,366
JEFFREY G GALENTINE	TREASURER	1.00	Officer	$0	$49,035	$315,901
KELLY N SHIFLETT	SVP & CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$55,562	$633,742
ROBERT FOSSI	SVP, REAL ESTATE DEVELOPMENT	1.00	Officer	$0	$56,184	$435,834
SHELYNDA BROWN	VP, REAL ESTATE DEVELOPMENT	1.00	Officer	$0	$46,794	$303,427
STEPHANIE SHACK	GEN. COUNSEL & ASST. SEC. UNT 12/23	1.00	Officer	$0	$7,249	$334,781
STACIE BIRENBACH	VP, REAL ESTATE DEVT. AS OF 12/2023	1.00	Officer	$0	$20,028	$279,350
RESHMA HOLLA	VP, DEV STRAT & IMPACT AS OF 12/2023	1.00	Officer	$0	$0	$15,114
CHARLES WERHANE	FORMER DIRECTOR	0.00		$0	$0	$250,000

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	No data	No data	No data	No data
2023	$2,097,103	$1,363,810	$81,081,703	$733,293
2022	$2,484,318	$680,117	$80,643,228	$1,804,201
2021	$2,431,672	$899,022	$67,239,706	$1,532,650
2020	$4,893,786	$5,001,341	$70,705,091	$-107,555
2019	$5,513,629	$7,188,057	$67,546,409	$-1,674,428
2018	$4,350,025	$5,934,716	$42,670,455	$-1,584,691

COMMUNITY PRESERVATION DEVELOPMENT CORPORATION