DURHAM REALTY INC

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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

1991

Legal Domicile

Principal Officer

RACHEL L SATTERFIELD

Phone

9196842006

Tax Period

2022-07-01 to 2023-06-30

DURHAM REALTY INC, founded in 1991, is a micro nonprofit that reported $82K in total revenue in fiscal year 2022. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $23.3M exceeded revenue, resulting in a 28331% operating deficit.

Mission

SUPPORT DUKE UNIVERSITY.THE DURHAM REALTY, INC. BOARD OF DIRECTORS APPROVED THE MERGER BETWEEN DURHAM REALTY, INC. AND DUKE GIFT PROPERTIES, INC. DUKE GIFT PROPERTIES, INC. SHALL BE THE SURVIVING ENTITY, AND DURHAM REALTY, INC. SHALL MERGE INTO DUKE GIFT PROPERTIES, INC. EFFECTIVE JUNE 30, 2023.

Program Service Accomplishments

Program 1

Expenses: $23,281,808 Revenue: $81,890

DURHAM REALTY, INC. IS A SECTION 501(C)(3) SUPPORT CORPORATION OF DUKE UNIVERSITY. ITS PRIMARY PURPOSE IS TO HOLD, INVEST, AND MANAGE REAL ESTATE FOR THE BENEFIT OF THE UNIVERSITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $81,890

Other Revenue $0

TOTAL REVENUE $81,890

Expense Breakdown

Grants Paid $21,402,533

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,281,808

Other Expenses $1,879,275

TOTAL EXPENSES $23,281,808

Year-over-Year Comparison

	2022	2021	Change
Revenue	$81,890	$3,034,485	-1.0%
Expenses	$23,281,808	$3,612,480	+5.4%
Net Income	$-23,199,918	$-577,995	+39.1%

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

N/A

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

$1,377,183

Total Directors

$1,787,808

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL L SATTERFIELD	DIRECTOR/PRESIDENT	0.10	Officer Director	$0	$50,257	$561,492
SCOTT F SELIG	DIRECTOR/SECRETARY	0.10	Officer Director	$0	$66,085	$463,123
BARBARA HOUGH	DIRECTOR	0.10	Director	$0	$37,764	$410,625
CONSTANCE BADGER	DIRECTOR/VICE PRESIDENT	0.10	Officer Director	$0	$36,705	$227,328
MARCIA DE LA TORRIENTE	DIRECTOR/TREASURER	0.10	Officer Director	$0	$29,550	$125,240
VICTORIA L NEVOIS	FORMER DIRECTOR/OFFICER	0.00		$0	$45,270	$407,276

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
2023	$81,890	$23,281,808	No data	$-23,199,918
2022	$3,034,485	$3,612,480	$65,948,448	$-577,995
2021	$21,835,955	$9,296,639	$66,578,409	$12,539,316
2020	$262,590	$2,668,056	$53,292,886	$-2,405,466
2019	$2,001,359	$3,062,091	$56,009,495	$-1,060,732