Grace Community Development Corporation of Florida

EIN: 542062982 501(c)(3) Community Improvement

Fort Lauderdale, FL

Total Revenue
$38,411
Total Expenses
$95,305
Total Assets
$887,940
Net Assets
$423,796
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
FL
Principal Officer
LUCDEL L HARRIGAN
Phone
9545546844
Tax Period
2024-01-01 to 2024-12-31

Grace Community Development Corporation of Florida, founded in 2002, is a micro nonprofit in the Community Improvement sector that reported $38K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $95K exceeded revenue, resulting in a 148% operating deficit.

Mission

TO ENHANCE THE LIVES OF DISADVANTAGED PERSONS AND FAMILITIES WITHIN THE SOUTH FLORIDA COMMUNITY BY OFFERING PROGRAMS TO ENHANCE THEIR WAY OF LIFE.

Program Service Accomplishments

Program 1

EDUCATIONAL PROGRAM FOR DISADVANTAGED INDIVIDUALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $38,402
Investment Income $9
Other Revenue $0
TOTAL REVENUE $38,411

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $95,305
TOTAL EXPENSES $95,305

Year-over-Year Comparison

2024 2023 Change
Revenue $38,411 $162,267 -0.8%
Expenses $95,305 $67,149 +0.4%
Net Income $-56,894 $95,118 -1.6%
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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Governance

Voting Members
7
Independent Members
5
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
1
$555
Total Directors
1
$555
Key Employees
1
$555
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lucdel L Harrigan Executive Director 020.00
Officer Director Key Emp Highest
$0 $555 $555
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 $38,411 $95,305 $887,940 $-56,894
2023 $162,267 $67,149 $978,265 $95,118
2022 $12,997 $19,405 $899,098 $-6,408
2021 $81,014 $73,993 $899,126 $7,021
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