BLACK COMMUNITY DEVELOPMENT CORPORATION

EIN: 611233868 501(c)(3)

Louisville, KY

Total Revenue
$812,871
Total Expenses
$557,778
Total Assets
$845,207
Net Assets
$726,307
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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
KY
Principal Officer
TERRA LEVELL
Phone
5027766369
Tax Period
2021-01-01 to 2021-12-31

BLACK COMMUNITY DEVELOPMENT CORPORATION, founded in 1992, is a small nonprofit that reported $813K in total revenue in fiscal year 2021. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $255K, a strong 31% operating margin.

Mission

To bring economic growth and social freedom to create substainable employment, education, business and entreprenurial economic empowerment to distressed communities.

Program Service Accomplishments

Program 1
Expenses: $151,448

Hope wellness center - Covid 19 testing and wellness center. Bridging the Gap of Health Disparities. Established to servce the communities with quality health care.

Program 2
Expenses: $163,568

FLUX - Healing out minds, Empowering our Souls to educate and engage the community on its Rich Artistic History and Elevate it capacity creativity and culture through Arts and Educations

Program 3
Expenses: $83,159

Non-Profit Fiscal Agency - Serve as conduit for smaller organziations doing great work in the community. Agreed to accept donations on behalf of groups that have applied for and are still waiting to...

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Non-Profit Fiscal Agency - Serve as conduit for smaller organziations doing great work in the community. Agreed to accept donations on behalf of groups that have applied for and are still waiting to received IRS tax exemption.

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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 (2021)

Revenue Breakdown

Contributions & Grants $812,871
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $812,871

Expense Breakdown

Grants Paid $0
Salaries & Benefits $88,610
Fundraising Expenses $0
Program Expenses $487,308
Other Expenses $469,168
TOTAL EXPENSES $557,778

Year-over-Year Comparison

2021 2020 Change
Revenue $812,871 $493,858 +0.6%
Expenses $557,778 $565,125 0.0%
Net Income $255,093 $-71,267 -4.6%
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
6
Independent Members
5
Employees
N/A
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
6
$88,610
Total Directors
0
$0
Key Employees
1
$88,610
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRA LEAVELL EXECUTIVE DIRECTOR 060.00
Officer Key Emp Highest
$88,610 $0 $88,610
MILTON HASKINS JR SECRETARY 001.00
Officer
$0 $0 $0
RITA PHILLIPS BOARD MEMBER 000.50
Officer
$0 $0 $0
KARA NICHOLS BOARD MEMBER 000.50
Officer
$0 $0 $0
DANA JOHNSON BOARD MEMBER 000.50
Officer
$0 $0 $0
MICHELL JONES BOARD MEMBER 000.50
Officer
$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
2021 $812,871 $557,778 $845,207 $255,093
2020 $493,858 $565,125 $619,055 $-71,267
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