FORT LAUDERDALE COMMUNITY DEVELOPMENT CORPORATION INC (EIN 650146804) - 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

1988

Legal Domicile

Principal Officer

Dennis Wright

Phone

9547648500

Tax Period

2023-01-01 to 2023-12-31

FORT LAUDERDALE COMMUNITY DEVELOPMENT CORPORATION INC, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $521K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

Provide low income housing to disadvantage people in the community. Also, provide opportunities enabling them to own and manage business enterprises in economically depressed neighborhoods.

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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 $14,645

Program Service Revenue $525,195

Investment Income $-19,097

Other Revenue $0

TOTAL REVENUE $520,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,770

Fundraising Expenses $0

Program Expenses $415,055

Other Expenses $502,188

TOTAL EXPENSES $545,958

Year-over-Year Comparison

	2023	2022	Change
Revenue	$520,743	$460,775	+0.1%
Expenses	$545,958	$485,035	+0.1%
Net Income	$-25,215	$-24,260	+0.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dennis Wright	Chairman	5	Director	$0	$0	$0
Edith Bynes	Vice President	2	Director	$0	$0	$0
Simone Keize	Treasurer	2	Director	$0	$0	$0
Donald Terrance Hill	Secretary	2.00	Director	$0	$0	$0
Brian Davis	Director	2	Director	$0	$0	$0
Jacqueline Price	Director	2	Director	$0	$0	$0
Alicia Alleyne	Director	2	Director	$0	$0	$0
Charnette Cash	Director	2	Director	$0	$0	$0
Nettie Williams	Director	2	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	No data	No data	No data	No data
2023	$520,743	$545,958	$1,780,296	$-25,215
2022	$460,775	$485,035	$1,913,707	$-24,260
2021	$561,433	$423,849	$1,169,812	$137,584
2020	$426,626	$390,014	$1,049,843	$36,612
2019	$432,414	$397,463	$906,833	$34,951
2018	$553,608	$414,866	$849,476	$138,742

FORT LAUDERDALE COMMUNITY DEVELOPMENT CORPORATION INC