BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION (EIN 561706757) - 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

1990

Legal Domicile

Principal Officer

KERRY BASHAW

Phone

9197752300

Tax Period

2023-01-01 to 2023-12-31

BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $494K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $754K exceeded revenue, resulting in a 53% operating deficit.

Mission

THE ORGANIZATION, TOGETHER WITH PUBLIC AND PRIVATE INVESTORS, PROVIDES AFFORDABLE HOUSING, HOUSING COUNSELING, EDUCATION, COMMUNITY, HUMAN AND ECONOMIC DEVELOPMENT TO IMPROVE THE QUALITY OF THE LIFE IN LEE AND SURROUNDING COUNTIES OF NC.

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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 $87,500

Program Service Revenue $283,510

Investment Income $123,317

Other Revenue $0

TOTAL REVENUE $494,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $269,018

Fundraising Expenses $0

Program Expenses $557,087

Other Expenses $485,274

TOTAL EXPENSES $754,292

Year-over-Year Comparison

	2023	2022	Change
Revenue	$494,327	$448,682	+0.1%
Expenses	$754,292	$521,354	+0.4%
Net Income	$-259,965	$-72,672	+2.6%

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

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

$80,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRY BASHAW	EXECUTIVE DI	1.00	Officer	$80,000	$0	$80,000
MARGARET MURCHISON	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM T WILSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BRENDA JOHNSON	ASSISTANT SE	1.00	Officer Director	$0	$0	$0
BRENDA WILLIAMS	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES FRENCH	DIRECTOR	1.00	Director	$0	$0	$0
TERRY MCMILLAN	DIRECTOR	1.00	Director	$0	$0	$0
KELLEY DUBOIS	DIRECTOR	1.00	Director	$0	$0	$0
BILL CRAWFORD	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA IGLESIAS	DIRECTOR	1.00	Director	$0	$0	$0
CARSON LANIER	DIRECTOR	1.00	Director	$0	$0	$0
LISA JOHNSON	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$494,327	$754,292	$3,586,290	$-259,965
2022	$448,682	$521,354	$3,550,156	$-72,672
2021	$467,042	$509,862	$3,435,000	$-42,820
2020	$1,265,500	$429,805	$2,249,127	$835,695
2020	$1,952,492	$429,805	$2,936,119	$1,522,687
2018	$267,221	$410,468	$1,674,562	$-143,247

BRICK CAPITAL COMMUNITY DEVELOPMENT CORPORATION