OPA-LOCKA COMMUNITY DEVELOPMENT CORPORATION INC (EIN 592106635) - 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

1981

Legal Domicile

Principal Officer

Willie F Logan

Phone

3056873545

Tax Period

2024-01-01 to 2024-12-31

OPA-LOCKA COMMUNITY DEVELOPMENT CORPORATION INC, founded in 1981, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.9M in total revenue in fiscal year 2024. Expenses of $21.3M exceeded revenue, resulting in a 78% operating deficit.

Mission

Opa Locka CDC transforms under-resourced communities into vibrant,desirable,engaged neighborhoods by improving access to health, education,employment,art,safety and affordable housing

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,273,177

Program Service Revenue $965,583

Investment Income $144,049

Other Revenue $8,562,842

TOTAL REVENUE $11,945,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,228,004

Fundraising Expenses $0

Program Expenses $19,240,334

Other Expenses $16,089,260

TOTAL EXPENSES $21,317,264

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,945,651	$11,587,457	+0.0%
Expenses	$21,317,264	$18,949,776	+0.1%
Net Income	$-9,371,613	$-7,362,319	+0.3%

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
Wilbert Holloway	Director	2.00	Director	$0	$0	$0
Milton Felton	Director	2.00	Director	$0	$0	$0
Fred Funeus	Director	2.00	Director	$0	$0	$0
Ulysses Harvard	Director	2.00	Director	$0	$0	$0
Eugene Simmons	Finance Committee	2.00	Director	$0	$0	$0
Marveasha Primonato	Director	2.00	Director	$0	$0	$0
Melissa Hunter-Davis	Director	2.00	Director	$0	$0	$0
Jennifer Newton	Finance Committee	2.00	Director	$0	$0	$0
John Little	Secretary	2.00	Director	$0	$0	$0
Ian Abrams	Director	2.00	Director	$0	$0	$0
Linda Julien	Director	2.00	Director	$0	$0	$0
Charlotte Lowe	Director	2.00	Director	$0	$0	$0
Wendy Francois	Director	2.00	Director	$0	$0	$0
Michael Shifrin	Director	2.00	Director	$0	$0	$0
Owen May	Director	2.00	Director	$0	$0	$0
Lady Smith	Director	2.00	Director	$0	$0	$0
Tiffany J Brown	Director	2.00	Director	$0	$0	$0
Nashid Sabir	Director	2.00	Officer Director	$0	$0	$0
Wendy Francios	Executive Committee	2.00	Officer Director	$0	$0	$0
Quinn Smith	Vice Chairman	2.00	Officer Director	$0	$0	$0
Alex Rhodes	Treasurer	2.00	Officer Director	$0	$0	$0
Willie F Logan	CEO	40.00	Officer Highest	$0	$0	$0
Lida Rodriguez-Tassiff	Chief Legal Officer	40.00	Officer	$0	$0	$0
James Nixon	VP Programs Strategy & External Af	40.00	Officer	$0	$0	$0
Victor Wang	Asset Manager	40.00	Officer	$0	$0	$0
Dawn Perez	Compliance Manager	40.00	Officer	$0	$0	$0
Nikisha Williams	Chief Operating Officer	40.00	Key Emp	$0	$0	$0
Jeffrey Bridges	Chief Financial Officer	40.00	Key Emp	$0	$0	$0
Gary Loft	Controller	40.00	Key Emp	$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	$11,945,651	$21,317,264	$159,542,970	$-9,371,613
2023	$11,587,457	$18,949,776	$116,131,066	$-7,362,319
2022	$40,753,537	$17,650,831	$117,880,887	$23,102,706
2022	$40,753,537	$17,650,831	$117,880,887	$23,102,706
2021	$19,527,204	$11,831,382	$85,273,967	$7,695,822
2020	$10,317,869	$9,723,577	$65,779,533	$594,292
2019	$7,891,902	$5,167,155	$47,008,723	$2,724,747
2018	$4,139,358	$4,115,540	$26,179,347	$23,818

OPA-LOCKA COMMUNITY DEVELOPMENT CORPORATION INC