CORPORATION TO DEVELOP COMMUNITIES… - 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

ERNEST CONEY JR

Phone

8132314362

Tax Period

2024-01-01 to 2024-12-31

CORPORATION TO DEVELOP COMMUNITIES OF TAMPA INC, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $9.1M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $8.1M left a modest 11% surplus.

Mission

CDC OF TAMPA WAS FORMED TO REVITALIZE COMMUNITIES BY ALLEVIATING POVERTY AND PHYSICAL DETERIORATION THEREBY CREATING ECONOMICALLY VIABLE, SAFE AND ATTRACTIVE NEIGHBORHOODS. THE CDC STRIVES TO BE A RECOGNIZED COMMUNITY ECONOMIC DEVELOPMENT LEADER OF EFFORTS TO CREATE, INFLUENCE AND ENACT POLICIES, PROGRAMS AND SERVICES THAT RESULT IN THE CREATION OF JOBS, BUILD COMMUNITY PRIDE, PROMOTE ENTREPRENEURSHIP, DEVELOP YOUTH LEADERSHIP, REVITALIZE COMMERCIAL AREAS AND BUILD AFFORDABLE HOUSING.

Program Service Accomplishments

Program 1

Expenses: $1,352,771 Revenue: $101,269

THE YOUTH LEADERSHIP PROGRAM PROVIDES SERVICES THAT ASSIST YOUTH WITH ACADEMIC MENTORING, EMPLOYABILITY, ENTREPRENEURSHIP AND FINANCIAL LITERACY TO HIGH SCHOOL STUDENTS.

Program 2

Expenses: $1,564,124 Revenue: $312,545

THE AGENCY HAS PROVIDED EMPLOYMENT SKILLS TRAINING TO 12,341 PEOPLE OVER THE PAST 20 YEARS, AND JOB PLACEMENT FOR 6,350 JOB SEEKERS. AMONG ITS MANY DEVELOPMENT CREDENTIALS, CDC IS A HUD-CERTIFIED...

THE AGENCY HAS PROVIDED EMPLOYMENT SKILLS TRAINING TO 12,341 PEOPLE OVER THE PAST 20 YEARS, AND JOB PLACEMENT FOR 6,350 JOB SEEKERS. AMONG ITS MANY DEVELOPMENT CREDENTIALS, CDC IS A HUD-CERTIFIED CBDO, CHDO, AND A DEPARTMENT OF TREASURY RECOGNIZED COMMUNITY DEVELOPMENT ENTITY.

Program 3

Expenses: $3,825,109 Revenue: $1,663,150

THE CDC HAS YEARS OF EXPERIENCE DEVELOPING AND FINANCING COMMERCIAL FACILITIES, AND 20+ YEARS OF EXPERIENCE DEVELOPING AFFORDABLE HOUSING. CDC HAS LED CONSTRUCTION AND RENOVATION OF OVER 200,000 SQ...

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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 $6,634,338

Program Service Revenue $2,076,964

Investment Income $191,185

Other Revenue $162,035

TOTAL REVENUE $9,064,522

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,352,391

Fundraising Expenses $529,778

Program Expenses $6,742,004

Other Expenses $4,753,395

TOTAL EXPENSES $8,105,786

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,064,522	$5,999,559	+0.5%
Expenses	$8,105,786	$5,531,359	+0.5%
Net Income	$958,736	$468,200	+1.0%

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

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

$313,977

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA PORTER	CHAIRWOMAN	1.00	Officer Director	$0	$0	$0
TONY BROWN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN UNGER	FINANCE CHAIR	1.00	Officer Director	$0	$0	$0
JIM MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
MAYA MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
KETO NORD HODGES	DIRECTOR	1.00	Director	$0	$0	$0
JEREL MCCANTS	DIRECTOR	1.00	Director	$0	$0	$0
DENESE METEYE-JAMES	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LLOANYA	DIRECTOR	1.00	Director	$0	$0	$0
ALAN BORDEN	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
ERNEST CONEY	CEO	40.00	Officer	$209,152	$0	$209,152
RYAN MCCLURE	CFO	40.00	Officer	$104,825	$0	$104,825

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	$9,064,522	$8,105,786	$53,676,054	$958,736
2023	$5,999,559	$5,531,359	$39,547,521	$468,200
2022	$4,464,127	$3,703,865	$34,315,918	$760,262
2021	$4,993,139	$3,372,886	$16,082,623	$1,620,253
2020	$4,507,310	$3,443,325	$14,673,593	$1,063,985
2019	$3,428,885	$3,111,412	$14,430,194	$317,473
2018	$2,811,163	$2,591,874	$10,940,641	$219,289

CORPORATION TO DEVELOP COMMUNITIES OF TAMPA INC