Cleveland County Community Development Corp Inc (EIN 561794362) - 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

1992

Legal Domicile

Principal Officer

Karla Haynes

Phone

7044807701

Tax Period

2023-01-01 to 2023-12-31

Cleveland County Community Development Corp Inc, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $340K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Net assets of $896K represent 32 months of operating reserves.

Mission

Develop single and multi-family affordable housing for low to moderate income indviduals and families and to qualify low and moderate income level 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $291,019

Program Service Revenue $24,012

Investment Income $2,082

Other Revenue $22,769

TOTAL REVENUE $339,882

Expense Breakdown

Grants Paid $65,686

Salaries & Benefits $198,877

Fundraising Expenses $0

Program Expenses $315,613

Other Expenses $90,782

TOTAL EXPENSES $355,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$339,882	$815,308	-0.6%
Expenses	$355,345	$589,487	-0.4%
Net Income	$-15,463	$225,821	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jerry Hopper	Chair	2.00	Officer Director	$0	$0	$0
Ebony Alexander	Vice Chair	2.00	Officer Director	$0	$0	$0
Bryan Howell	Secretary/Treas	2.00	Officer Director	$0	$0	$0
Jeff Ledford	Director	1.00	Director	$0	$0	$0
Pam Hall	Director	1.00	Director	$0	$0	$0
Joel Dancy	Director	1.00	Director	$0	$0	$0
Derek Fox	Board Chair	1.00	Director	$0	$0	$0
Karla Haynes	Executive Director	40.00	Officer	$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	$339,882	$355,345	$1,060,639	$-15,463
2022	$815,308	$589,487	$1,035,508	$225,821
2021	$301,132	$278,174	$810,152	$22,958
2020	$357,144	$309,722	$768,053	$47,422
2019	$331,184	$257,178	$640,783	$74,006
2018	$439,118	$396,933	$586,559	$42,185

Cleveland County Community Development Corp Inc