CHOANOKE AREA DEVELOPMENT ASSOCIAT… - 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

1962

Legal Domicile

Principal Officer

ANDRE' ROWE

Phone

2525394155

Tax Period

2023-07-01 to 2024-06-30

CHOANOKE AREA DEVELOPMENT ASSOCIATION OF NORTH CAROLINA INC, founded in 1962, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.9M in total revenue in fiscal year 2023.

Mission

CADA, WITH IT'S MANY PARTNERS, WILL ASSIST DISADVANTAGE CITIZENS ACHIEVE A BETTER QUALITY OF LIFE THROUGH EDUCATION, TRAINING, AND ECONOMIC DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $6,229,182

HEAD START PROGRAM THE PROGRAM SERVES ECONOMICALLY DISADVANTAGED PRESCHOOL CHILDREN BY PROVIDING COMPREHENSIVE HEALTH, EDUCATION, NUTRITION, SOCIAL, AND OTHER SERVICES.

Program 2

Expenses: $819,401

THE WEATHERIZATION ASSISTANCE PROGRAM ENABLES LOW INCOME FAMILIES TO PERMANENTLY REDUCE THEIR ENERGY BILLS BY MAKING THEIR HOMES MORE ENERGY EFFICIENT. FUNDS ARE USED TO IMPROVE THE ENERGY...

THE WEATHERIZATION ASSISTANCE PROGRAM ENABLES LOW INCOME FAMILIES TO PERMANENTLY REDUCE THEIR ENERGY BILLS BY MAKING THEIR HOMES MORE ENERGY EFFICIENT. FUNDS ARE USED TO IMPROVE THE ENERGY PERFORMANCE OF DWELLINGS OF NEEDY FAMILIES USING THE MOST ADVANCED TECHNOLOGIES AND TESTING PROTOCOLS AVAILABLE IN THE HOUSING INDUSTRY.

Program 3

Expenses: $1,623,354

HUD SECTION 8 HOUSING PROGRAM THIS PROGRAM PROVIDES RENTAL AND UTILITY ASSISTANCE TO LOW INCOME FAMILIES.

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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 $10,858,758

Program Service Revenue $156,718

Investment Income $865

Other Revenue $-116,041

TOTAL REVENUE $10,900,300

Expense Breakdown

Grants Paid $1,949,132

Salaries & Benefits $6,310,255

Fundraising Expenses $0

Program Expenses $10,267,785

Other Expenses $2,684,139

TOTAL EXPENSES $10,943,526

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,900,300	$10,178,158	+0.1%
Expenses	$10,943,526	$10,723,052	+0.0%
Net Income	$-43,226	$-544,894	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

174

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

$86,215

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIVIAN SAUNDERS	1ST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
NATHAN MIZELL	2ND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JACKSON BROWN JR	3RD VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMES PEELE	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
ROBIN WILLIAMS	ASST SECRETARY	2.00	Officer Director	$0	$0	$0
DR CHRIS CORDON	DIRECTOR	1.00	Director	$0	$0	$0
CARL BOND	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE BAZEMORE	DIRECTOR	1.00	Director	$0	$0	$0
M'BECHI TYREE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
DUANE DANIELS	DIRECTOR	1.00	Director	$0	$0	$0
DR JAMES HUNTER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DAPHNE LEE	DIRECTOR	1.00	Director	$0	$0	$0
HAZEL PIERCE	DIRECTOR	1.00	Director	$0	$0	$0
BETTY PUGH	DIRECTOR	1.00	Director	$0	$0	$0
JOVEETA BROWN	DIRECTOR	1.00	Director	$0	$0	$0
DR MARJORIE EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE BUFFALOE	DIRECTOR	1.00	Director	$0	$0	$0
DR GEORGE JERMAN	DIRECTOR	1.00	Director	$0	$0	$0
REV DAWN DALYMACK	DIRECTOR	1.00	Director	$0	$0	$0
VONETTA PORTER	DIRECTOR	1.00	Director	$0	$0	$0
JAMI WOODS	DIRECTOR	1.00	Director	$0	$0	$0
DR JAMES SHEARN	DIRECTOR	1.00	Director	$0	$0	$0
JEANETTE HOLLEY	DIRECTOR	1.00	Director	$0	$0	$0
OPHELIA GOULDFAISON	DIRECTOR	1.00	Director	$0	$0	$0
TRACY GARY	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE MOODY	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTOPHER MOODY	EXECUTIVE DIRECTOR	40.00	Officer	$75,309	$10,906	$86,215

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	$10,900,300	$10,943,526	$7,811,396	$-43,226
2023	$10,178,158	$10,723,052	$3,273,783	$-544,894
2022	$10,029,317	$10,100,985	$3,058,775	$-71,668
2021	$10,393,050	$10,360,426	$3,243,319	$32,624
2020	$9,938,754	$10,199,709	$7,096,224	$-260,955
2019	$10,081,161	$10,466,744	$3,964,062	$-385,583
2018	$10,797,585	$10,942,915	$4,512,369	$-145,330

CHOANOKE AREA DEVELOPMENT ASSOCIATION OF NORTH CAROLINA INC