DEVELOPMENT VENTURES INC (EIN 561461066) - Form 990 Financial Analysis & Trantor Score

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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

1985

Legal Domicile

Principal Officer

RALPH STALEY

Phone

9196831551

Tax Period

2023-01-01 to 2023-12-31

DEVELOPMENT VENTURES INC, founded in 1985, is a small nonprofit that reported $551K in total revenue in fiscal year 2023. Revenue surged 125% from the prior year, signaling strong growth momentum. Expenses of $732K exceeded revenue, resulting in a 33% operating deficit.

Mission

DEVELOPMENT OF LOW INCOME HOUSING.

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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 $549,476

Investment Income $1,111

Other Revenue $0

TOTAL REVENUE $550,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,852

Fundraising Expenses $0

Program Expenses $538,387

Other Expenses $595,388

TOTAL EXPENSES $732,240

Year-over-Year Comparison

	2023	2022	Change
Revenue	$550,587	$244,976	+1.2%
Expenses	$732,240	$361,617	+1.0%
Net Income	$-181,653	$-116,641	+0.6%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$496,049

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GLENN	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL C HUDGINS	DIRECTOR	0.50	Director	$0	$0	$0
MAYME WEBB-BLEDSOE	DIRECTOR	0.50	Director	$0	$0	$0
JILLIAN JOHNSON	CITY LIAISON	0.50	Director	$0	$0	$0
TORELL ARMSTRONG	DIRECTOR	0.50	Director	$0	$0	$0
PEBBLES LUCAS	DIRECTOR	0.50	Director	$0	$0	$0
ANGELA HOLMES	DIRECTOR	0.50	Director	$0	$0	$0
KIMBERLY WILLIAMS	CHAIR	0.50	Director	$0	$0	$0
ANTHONY SCOTT	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$0	$209,740
RALPH STALEY	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$0	$126,141
DENITA JOHNSON	CHIEF OPERATING OFFICER	1.00	Officer	$0	$0	$160,168
ANTHONY SNELL	DIRECTOR OF DEVELOPMENT	1.00	Highest	$0	$0	$129,725
KAREN LADO	CMI-DEVELOPEMENT	1.00	Highest	$0	$0	$126,998
CARLA WALTON	DIRECTOR OF ADMINISTRATION	1.00	Highest	$0	$0	$119,902
DOMINQUE DUNN	DIRECTOR OF HOUSING	1.00	Highest	$0	$0	$109,094

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	$550,587	$732,240	$12,661,500	$-181,653
2022	$244,976	$361,617	$7,605,902	$-116,641
2021	$167,042	$316,877	$7,628,220	$-149,835
2020	$284,433	$396,017	$7,717,790	$-111,584
2019	$186,411	$642,574	$7,676,452	$-456,163
2018	$507,774	$545,459	$7,776,680	$-37,685

DEVELOPMENT VENTURES INC