Durham, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Self-Help Community Development Corp, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $4.8M in total revenue in fiscal year 2023. Revenue surged 399% from the prior year, signaling strong growth momentum. Expenses of $5.6M exceeded revenue, resulting in a 16% operating deficit.
Self-Help Community Develop. Corp.s mission is to create and preserve affordable housing for low-income persons and distressed communities. The primary activities are 1. Preservation of affordable rental housing 2. Renovation of existing homes 3. Construction of new homes.
In 2023, Self-Help Community Development Corporation operated affordable housing programs in four locations within North Carolina: Charlotte, Chapel Hill, Rocky Mount, and Durham. SHCDC undertook...
In 2023, Self-Help Community Development Corporation operated affordable housing programs in four locations within North Carolina: Charlotte, Chapel Hill, Rocky Mount, and Durham. SHCDC undertook several affordable housing activities across these geographies. 1) SHCDC owned and operated affordable rental housing in Charlottes Grier Heights neighborhood, leasing 34 garden apartments to low-income tenants at the Grierton Square project. 2) In Chapel Hill, SHCDC managed the rehabilitation of properties held in a community land bank in the Northside neighborhood. SHCDC rehabbed 2 units, 1 sold to a low-income buyer via Community Home Trust, a partner nonprofit organization, and 1 sold to a market rate buyer subject to an owner occupancy deed restriction. The land bank also held 7 properties in various stages of the development process. ** Continued on line 4b below **
3) In Rocky Mount, SHCDC continued its work on a portfolio of residential properties, beginning construction of 3 new homes for affordable homeownership, and purchasing 2 additional parcels to...
3) In Rocky Mount, SHCDC continued its work on a portfolio of residential properties, beginning construction of 3 new homes for affordable homeownership, and purchasing 2 additional parcels to support a future phase of development. By the end of 2023, SHCDC leased 39 units in 22 properties to low-income households. Two-thirds of these units are rented at rates affordable to households earning 60% of AMI and the remainder to households earning 80% of AMI. 4) In 2023, SHCDC acquired South Square Townhomes, a community of 230 townhome-style apartments approximately four miles southwest of Downtown Durham. SHCDC owns and operates this community to provide high-quality, affordable rental housing to very low- to low-income families.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $4,800,389 | $961,123 | +4.0% |
| Expenses | $5,574,945 | $977,263 | +4.7% |
| Net Income | $-774,556 | $-16,140 | +47.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Randy Chambers | Treasurer | 1.00 |
Officer
|
$0 | $40,752 | $137,529 |
| Al Bonner | DirectorStaff | 1.00 |
Director
|
$0 | $32,090 | $131,798 |
| Martin Eakes | Director CEO | 1.00 |
Officer
Director
|
$0 | $33,733 | $131,432 |
| Stephanie Barnes-Simms | DirectorStaff | 1.00 |
Director
|
$0 | $22,096 | $127,005 |
| Tucker Bartlett | DirectorPresident | 1.00 |
Officer
Director
|
$0 | $22,805 | $126,356 |
| Emily Yeatts | SecretaryStaff | 1.00 |
Officer
|
$0 | $10,896 | $119,011 |
| Crystal German | DirectorStaff | 1.00 |
Director
|
$0 | $37,980 | $107,383 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $4,800,389 | $5,574,945 | $66,272,444 | $-774,556 |
| 2022 | $961,123 | $977,263 | $9,493,771 | $-16,140 |
| 2021 | $1,028,227 | $1,052,157 | $6,023,146 | $-23,930 |
| 2020 | $2,070,842 | $2,087,359 | $5,149,373 | $-16,517 |
| 2019 | $2,521,606 | $596,081 | $5,557,634 | $1,925,525 |
| 2018 | $878,750 | $790,826 | $3,570,184 | $87,924 |
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