COMMUNITY DEVELOPMENT CORPORATION OF LEESBURG INC

EIN: 593455505 501(c)(3) Community Improvement

LEESBURG, FL

Total Revenue
$786,844
Total Expenses
$596,205
Total Assets
$3,701,907
Net Assets
$3,066,426
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
FL
Principal Officer
JOHN CHRISTIAN
Phone
3523148868
Tax Period
2024-01-01 to 2024-12-31

COMMUNITY DEVELOPMENT CORPORATION OF LEESBURG INC, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $787K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $191K, a strong 24% operating margin.

Mission

THE MISSION OF THE CDC OF LEESBURG AND VICINITY IS TO IMPROVE THE QUALITY OF LIFE FOR LOW-TO-MODERATE INCOME RESIDENTS IN THE EAST LEESBURG COMMUNITY AND BEYOND; TO PROMOTE AND IMPLEMENT ECONOMIC AND COMMUNITY DEVELOPMENT ISSUES AND PARTNERSHIPS, WHILE PRESERVING THE HERITAGE OF THE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $459,755
Program Service Revenue $214,672
Investment Income $93,557
Other Revenue $18,860
TOTAL REVENUE $786,844

Expense Breakdown

Grants Paid $0
Salaries & Benefits $166,522
Fundraising Expenses $0
Program Expenses $596,205
Other Expenses $429,683
TOTAL EXPENSES $596,205

Year-over-Year Comparison

2024 2023 Change
Revenue $786,844 $675,817 +0.2%
Expenses $596,205 $501,975 +0.2%
Net Income $190,639 $173,842 +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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Governance

Voting Members
13
Independent Members
13
Employees
3
Volunteers
13

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
$107,355
Total Directors
10
$107,355
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN CHRISTIAN CHAIRMAN 40.00
Officer Director
$107,355 $0 $107,355
CONSTANCE CHRISTIAN DIRECTOR N/A
Director
$0 $0 $0
BETTYE S CONEY SECRETARY N/A
Officer Director
$0 $0 $0
RANDY HEPBURN DIRECTOR N/A
Director
$0 $0 $0
ERIKA JASPER DIRECTOR N/A
Director
$0 $0 $0
FRAZIER J MARSHALL TREASURER N/A
Officer Director
$0 $0 $0
MARTINIS MCDUFFIE DIRECTOR N/A
Director
$0 $0 $0
REV TONY PERSON DIRECTOR N/A
Director
$0 $0 $0
DANIEL RICHARDSON DIRECTOR N/A
Director
$0 $0 $0
CAROLYN SAMUEL VICE CHAIR N/A
Officer Director
$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 $786,844 $596,205 $3,701,907 $190,639
2023 $675,817 $501,975 $3,203,013 $173,842
2022 $1,033,750 $333,381 $3,050,056 $700,369
2021 $511,896 $287,647 $2,368,212 $224,249
2020 $391,322 $216,570 $2,173,479 $174,752
2019 $603,063 $282,662 $1,734,001 $320,401
2018 $290,962 $192,553 $1,307,789 $98,409
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