Abundant Life Community Developmen… - 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

1999

Legal Domicile

Phone

8564617000

Tax Period

2023-01-01 to 2023-12-31

Abundant Life Community Development Corporation, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $292K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $678K exceeded revenue, resulting in a 132% operating deficit.

Mission

Vision: To improve the quality of life and economic status of families in southern New Jersey.Mission: Our organization will be an advocate and strong resource for issues on behalf of the church, community, and economically disadvantaged.

Program Service Accomplishments

Program 1

Expenses: $276,105 Revenue: $292,154

To provide low income housing to the community and improving the quality of life and economic status for the economically disadvantaged.

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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 $184,905

Investment Income $83,642

Other Revenue $23,607

TOTAL REVENUE $292,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $414,415

Fundraising Expenses $0

Program Expenses $276,105

Other Expenses $263,373

TOTAL EXPENSES $677,788

Year-over-Year Comparison

	2023	2022	Change
Revenue	$292,154	$265,197	+0.1%
Expenses	$677,788	$627,242	+0.1%
Net Income	$-385,634	$-362,045	+0.1%

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

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

$126,662

Total Directors

$105,262

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PASTOR AUBREY FENTON	Chairman	35.00	Officer	$0	$12,000	$92,100
APOSTLE ABRAHAM E FENTON	Trustee	35.00	Director	$0	$0	$86,542
ANDREA A ARMSTRONG	Director	35.00	Officer	$0	$18,000	$34,562
PASTOR RICHARD MINUS	Trustee	35.00	Director	$0	$12,000	$18,720

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	$292,154	$677,788	$7,533,497	$-385,634
2022	$265,197	$627,242	$7,543,153	$-362,045
2018	$195,314	$553,732	$7,794,381	$-358,418
2017	$206,285	$598,034	$7,916,613	$-391,749

Abundant Life Community Development Corporation