THE NON-PROFIT COMMUNITY DEVELOPMEN CORPORATION OF DC

EIN: 521869393 501(c)(3) Housing & Shelter

WASHINGTON, DC

Total Revenue
$154,882
Total Expenses
$79,500
Total Assets
$8,404,361
Net Assets
$7,612,829
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
DC
Principal Officer
IRENA KARPINSKI
Phone
2028615839
Tax Period
2023-01-01 to 2023-12-31

THE NON-PROFIT COMMUNITY DEVELOPMEN CORPORATION OF DC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $155K in total revenue in fiscal year 2023. Revenue fell 93% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $75K, a strong 49% operating margin.

Mission

NPCDC'S MISSION IS TO INITIATE, SPONSOR AND OPERATE HOUSING AND ECONOMIC DEVELOPMENT PROJECTS THAT CREATE ECONOMIC STABILITY AND UPWARD MOBILITY FOR LOW-INCOME FAMILIES IN METROPOLITAN WASHINGTON, DC. SINCE 2000 NPCDC HAS DEVELOPED 500 UNITS OF AFFORDABLE RENTAL HOUSING IN THE DISTRICT OF COLUMBIA AS WELL AS A 56 UNITS MIXED-INCOME, MIXED-USE CONDOMINIUM PROPERTY IN COLUMBIA HEIGHTS, WHICH INCLUDES 20,000 SQUARE FEET OF COMMERCIAL SPACE. IN CONJUNCTION WITH NPCDC'S DEVELOPMENT PROJECTS, A MAJOR FOCUS IS TO DESIGN, SUPPORT, AND FUND A RESIDENT SERVICE PROGRAM TARGETED AT THE TENANTS OF NPCDC'S PROPERTIES AND THE SURROUNDING COMMUNITIES.

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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 $700
Program Service Revenue $0
Investment Income $5
Other Revenue $154,177
TOTAL REVENUE $154,882

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $67,557
Other Expenses $79,500
TOTAL EXPENSES $79,500

Year-over-Year Comparison

2023 2022 Change
Revenue $154,882 $2,257,500 -0.9%
Expenses $79,500 $1,264,610 -0.9%
Net Income $75,382 $992,890 -0.9%
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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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
5

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE OWENS PRESIDENT 3.00
Officer Director
$0 $0 $0
IRENA KARPINSKI SECRETARY/TREASURER 3.00
Officer Director
$0 $0 $0
WILLIAM PENDLEY VICE PRESIDENT 2.00
Officer 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 $154,882 $79,500 $8,404,361 $75,382
2022 $2,257,500 $1,264,610 $8,117,242 $992,890
2021 $238,795 $154,806 $8,560,668 $83,989
2020 $363,748 $173,614 $8,545,065 $190,134
2019 $436,307 $215,714 $8,350,809 $220,593
2018 $176,667 $163,172 $8,114,205 $13,495
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