SUMMECH COMMUNITY DEVELOPMENT CORP

EIN: 581895918 501(c)(3)

ATLANTA, GA

Total Revenue
$2,358,194
Total Expenses
$1,465,859
Total Assets
$8,883,910
Net Assets
$5,480,354
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
GA
Principal Officer
JANIS L WARE
Phone
4045275465
Tax Period
2023-01-01 to 2023-12-31

SUMMECH COMMUNITY DEVELOPMENT CORP, founded in 1989, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 157% from the prior year, signaling strong growth momentum. The organization ran a surplus of $892K, a strong 38% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME HOUSEHOLDS IN THE SUMMERHILL AND MECHANICSVILLE NEIGHBORHOODS OF METRO ATLANTA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,739,632
Program Service Revenue $935
Investment Income $52,984
Other Revenue $564,643
TOTAL REVENUE $2,358,194

Expense Breakdown

Grants Paid $0
Salaries & Benefits $490,644
Fundraising Expenses $50,434
Program Expenses $1,121,157
Other Expenses $975,215
TOTAL EXPENSES $1,465,859

Year-over-Year Comparison

2023 2022 Change
Revenue $2,358,194 $919,069 +1.6%
Expenses $1,465,859 $1,479,768 0.0%
Net Income $892,335 $-560,699 -2.6%
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

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Governance

Voting Members
10
Independent Members
10
Employees
6
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
4
$184,774
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WAYNE DARVILLE MC CHAIRMAN 1.00
Officer Director
$0 $0 $0
DR RHONDA WARE PHD SECRETARY 1.00
Officer Director
$0 $0 $0
SHARON COLLINS PARLIAMENTAR 1.00
Officer Director
$0 $0 $0
DR ALYCE M WARE EDD MEMBER 1.00
Director
$0 $0 $0
WATRINA WATSON MEMBER 1.00
Director
$0 $0 $0
DR DAVID WILLIAMS MEMBER 1.00
Director
$0 $0 $0
DAVID SCOTT MEMBER 1.00
Director
$0 $0 $0
RAY KUNIANSKY MEMBER 1.00
Director
$0 $0 $0
SAMANTHA TERRY MEMBER 1.00
Director
$0 $0 $0
MORGANA FREEMAN MEMBER 1.00
Director
$0 $0 $0
JANIS L WARE EXECUTIVE DI 40.00
Officer
$184,774 $0 $184,774
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 $2,358,194 $1,465,859 $8,883,910 $892,335
2022 $919,069 $1,479,768 $7,585,739 $-560,699
2021 $1,002,705 $1,384,620 $7,408,587 $-381,915
2020 $4,427,800 $1,195,400 $7,813,207 $3,232,400
2019 $1,171,871 $1,086,416 $3,503,419 $85,455
2018 $743,731 $989,846 $2,933,524 $-246,115
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