THE COVENANT COMMUNITY DEVELOPMENT CORPORATION OF ORLANDO INC (EIN 593610991) - 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

2003

Legal Domicile

Principal Officer

LEROY ROSE

Phone

4074253001

Tax Period

2023-01-01 to 2023-12-31

THE COVENANT COMMUNITY DEVELOPMENT CORPORATION OF ORLANDO INC, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $150K in total revenue in fiscal year 2023. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 49% operating margin.

Mission

The Covenant Community Development Corporation mission is to provide outreach to the Holden Heights Community through affordable housing, economic development, neighborhood planning, senior citizen complexes and social services.

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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 $0

Program Service Revenue $34,080

Investment Income $0

Other Revenue $115,653

TOTAL REVENUE $149,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $76,888

Other Expenses $76,888

TOTAL EXPENSES $76,888

Year-over-Year Comparison

	2023	2022	Change
Revenue	$149,733	$60,347	+1.5%
Expenses	$76,888	$80,052	0.0%
Net Income	$72,845	$-19,705	-4.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leroy Rose	President - Director	N/A		$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	$149,733	$76,888	$3,804,127	$72,845
2022	$60,347	$80,052	$683,460	$-19,705
2021	$71,095	$81,789	$598,365	$-10,694
2020	$58,346	$70,120	$609,060	$-11,774
2019	$44,951	$28,950	$445,812	$16,001

THE COVENANT COMMUNITY DEVELOPMENT CORPORATION OF ORLANDO INC