OCAB COMMUNITY DEVELOPMENT CORPORA… - Form 990 Financial Data

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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

CALVIN WRIGHT

Phone

8286709704

Tax Period

2023-01-01 to 2023-12-31

OCAB COMMUNITY DEVELOPMENT CORPORATION, founded in 1992, is a small nonprofit that reported $226K in total revenue in fiscal year 2023. Expenses of $271K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO ADVOCATE AND PROVIDE SAFE, SANITARY, AFFORDABLE HOUSING FOR VERY LOW INCOME ELDERLY PERSONS.

Program Service Accomplishments

Program 1

Expenses: $222,242 Revenue: $96,855

ADVOCATING AND PROVIDING SAFE, SANITARY, AFFORDABLE HOUSING FOR LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.

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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 $127,418

Program Service Revenue $96,855

Investment Income $4

Other Revenue $1,428

TOTAL REVENUE $225,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $222,242

Other Expenses $271,071

TOTAL EXPENSES $271,071

Year-over-Year Comparison

	2023	2022	Change
Revenue	$225,705	$217,473	+0.0%
Expenses	$271,071	$258,451	+0.0%
Net Income	$-45,366	$-40,978	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
BETTY HENDERSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
HATTIE GAINES	DIRECTOR	1.00	Director	$0	$0	$0
EVERT COMER JR	DIRECTOR	1.00	Director	$0	$0	$0
LINTON DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
LEE HARLEY-FITTS	DIRECTOR	1.00	Director	$0	$0	$0
VERTELLE P JAMISON	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS L RANDOLPH	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY JARVIS	DIRECTOR	1.00	Director	$0	$0	$0
AARON BRYAN	DIRECTOR	1.00	Director	$0	$0	$0
CALVIN WRIGHT	EXECUTIVE DIRECTOR	8.00	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	$225,705	$271,071	$611,148	$-45,366
2022	$217,473	$258,451	$648,499	$-40,978
2021	$211,418	$242,798	$697,202	$-31,380
2020	$209,728	$222,077	$722,591	$-12,349
2019	$234,257	$241,493	$768,895	$-7,236
2018	$208,324	$242,307	$944,699	$-33,983
2017	$211,341	$255,878	$773,927	$-44,537

OCAB COMMUNITY DEVELOPMENT CORPORATION