Belmont Community Development Corporation

EIN: 561708764 501(c)(3) Community Improvement

Charlotte, NC

Total Revenue
$38,294
Total Expenses
$182,557
Total Assets
$151,522
Net Assets
$82,346
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
NC
Principal Officer
Reginald Jones
Phone
7043350450
Tax Period
2022-01-01 to 2022-12-31

Belmont Community Development Corporation, founded in 1990, is a micro nonprofit in the Community Improvement sector that reported $38K in total revenue in fiscal year 2022. Expenses of $183K exceeded revenue, resulting in a 377% operating deficit.

Mission

The mission of Belmont CDC is to preserve the historic integrity of the Belmont neighborhood of Charlotte, North Carolina and surrounding areas, utilizing traditional and non-traditional methods of community economic development. The goal of Belmont CDC is to provide affordable housing, educational, and living wage employment opportunities; business and entrepreneurship development, elderly housing, services for low-to-moderate-income residents, and ensure full access to and participation in the economic revitalization of the community.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $40,904
Program Service Revenue $0
Investment Income $-2,640
Other Revenue $30
TOTAL REVENUE $38,294

Expense Breakdown

Grants Paid $0
Salaries & Benefits $136,124
Fundraising Expenses $16,449
Program Expenses $94,429
Other Expenses $46,433
TOTAL EXPENSES $182,557

Year-over-Year Comparison

2022 2021 Change
Revenue $38,294 $39,782 0.0%
Expenses $182,557 $221,165 -0.2%
Net Income $-144,263 $-181,383 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
2
Volunteers
5

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
4
$83,394
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Reginald Jones Executive Dir. 40.00
Officer
$83,394 $0 $83,394
Sedrick McCallum Chairman 3.00
Officer Director
$0 $0 $0
Mark Lynch Director 1.00
Director
$0 $0 $0
John Wallace Director 1.00
Director
$0 $0 $0
Michael Hall Treasurer 1.50
Officer Director
$0 $0 $0
Wally Burgess Secretary 1.00
Officer 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
2022 $38,294 $182,557 $151,522 $-144,263
2021 $39,782 $221,165 $298,080 $-181,383
2020 $127,190 $176,978 $657,337 $-49,788
2019 $165,221 $191,005 $621,016 $-25,784
2018 $252,387 $220,031 $546,715 $32,356
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Belmont Community Development Corporation with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.