Eastern Eight Community Development Corporation Inc

EIN: 621754514 501(c)(3) Housing & Shelter

Johnson City, TN

Total Revenue
$5,500,292
Total Expenses
$5,515,761
Total Assets
$18,628,745
Net Assets
$13,145,186
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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
1998
Legal Domicile
TN
Principal Officer
Sherry Trent
Phone
4232325097
Tax Period
2024-07-01 to 2025-06-30

Eastern Eight Community Development Corporation Inc, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $5.5M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Net assets of $13.1M represent 29 months of operating reserves.

Mission

Provide housing for very low, low and moderate income individuals

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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 $1,774,692
Program Service Revenue $3,526,862
Investment Income $198,738
Other Revenue $0
TOTAL REVENUE $5,500,292

Expense Breakdown

Grants Paid $0
Salaries & Benefits $970,293
Fundraising Expenses $0
Other Expenses $4,545,468
TOTAL EXPENSES $5,515,761

Year-over-Year Comparison

2024 2023 Change
Revenue $5,500,292 $5,091,405 +0.1%
Expenses $5,515,761 $4,652,290 +0.2%
Net Income $-15,469 $439,115 -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

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Governance

Voting Members
18
Independent Members
18
Employees
18
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
5
$117,044
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sherry Trent Chief Exective Officer 040.00
Officer
$117,044 $0 $117,044
Steve Baldwin Board member 001.00
Director
$0 $0 $0
Rose Neese Board member 001.00
Director
$0 $0 $0
Bethany O'Leary Board member 001.00
Director
$0 $0 $0
Ken Rea Board member 001.00
Director
$0 $0 $0
Shawn Porter Board member 001.00
Director
$0 $0 $0
Todd Smith Board member 001.00
Director
$0 $0 $0
Virginia Robinson Board member 001.00
Director
$0 $0 $0
Beverly Stevens Board member 001.00
Director
$0 $0 $0
Ernie Stoltzfus Board member 001.00
Director
$0 $0 $0
Paul Walton Board member 001.00
Director
$0 $0 $0
Ashlee Ebberts Board member 001.00
Director
$0 $0 $0
Robert Williams Board member 001.00
Director
$0 $0 $0
Ron Von Essen Board member 001.00
Director
$0 $0 $0
Barry Drummond Board member 001.00
Director
$0 $0 $0
Linda Broyles Board member 001.00
Director
$0 $0 $0
Cindy Winn Board Chair 001.00
Officer
$0 $0 $0
Phil Carriger Treasurer 001.00
Officer
$0 $0 $0
Jeff Linville Secretary 001.00
Officer
$0 $0 $0
Lee Chase Vice Chair 001.00
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
2025 $5,500,292 $5,515,761 $18,628,745 $-15,469
2024 $5,091,405 $4,652,290 $19,116,926 $439,115
2023 $4,015,634 $4,089,385 $17,935,027 $-73,751
2022 $3,788,608 $3,938,931 $18,111,272 $-150,323
2021 $3,706,192 $3,800,068 $17,876,667 $-93,876
2020 $6,360,395 $3,289,119 $18,711,028 $3,071,276
2019 $4,548,219 $5,045,844 $14,574,177 $-497,625
2018 $5,052,916 $5,117,317 $16,667,285 $-64,401
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