BEACON LIGHT COMMUNITY HOUSING DEVELOPMENT INC (EIN 541923208) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

Christie Banks

Phone

7574941499

Tax Period

2023-01-01 to 2023-12-31

BEACON LIGHT COMMUNITY HOUSING DEVELOPMENT INC, founded in 1987, is a micro nonprofit in the Housing & Shelter sector that reported $22K in total revenue in fiscal year 2018. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $73K exceeded revenue, resulting in a 227% operating deficit.

Mission

TO BRING TOGETHER AT FREQUENT INTERVALS, FAMILIES OF LOW TO MODERATE INCOME WHO QUALIFY FOR AND ARE INTERESTED IN BECOMING FIRST TIME HOMEBUYERS, AND OTHERS THAT MIGHT BE INTERESTED IN PURCHASING PROPERTIES FOR REHABILITATION. TO WORK WITH NORFOLK REDEVELOPMENT AND HOUSING AUTHORITY HOMENET OFFICE IN REFERRING CALLERS INTERESTED IN HOMEBUYING. TO PROMOTE THE REVITALIZATION OF OUR COMMUNITY AND GOOD CITIZENSHIP AMONG THE PEOPLE THAT LIVE IN THE CITY OF NORFOLK.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $10,109

TOTAL EXPENSES $10,109

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,000	$51,561	-0.9%
Expenses	$10,109	$53,311	-0.8%
Net Income	$-4,109	$-1,750	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frederick Basnight	Board Member	1.00	Director	$0	$0	$0
Christie Banks	President	1.00	Officer Director	$0	$0	$0
Shannel Lundy	Secretary	1.00	Officer Director	$0	$0	$0
Robert Mustafa	Board Member	1.00	Director	$0	$0	$0
Marsha Dandridge	Board Member	1.00	Director	$0	$0	$0
Anthony Daniels	Board Members	1.00	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
2023	$6,000	$10,109	$204,053	$-4,109
2022	$51,561	$53,311	$233,304	$-1,750
2021	$87,231	$68,022	$244,407	$19,209
2020	$8,250	$38,754	$259,553	$-30,504
2019	$40,961	$62,217	$250,063	$-21,256
2018	$22,234	$72,711	$267,744	$-50,477

BEACON LIGHT COMMUNITY HOUSING DEVELOPMENT INC