NATIONAL DEVELOPMENT FOUNDATION INC (EIN 650820596) - 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

1998

Legal Domicile

Principal Officer

ELIZABETH VERMALES

Phone

4073990929

Tax Period

2023-01-01 to 2023-12-31

NATIONAL DEVELOPMENT FOUNDATION INC, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2023.

Mission

TO CREATE, PRESERVE, EXPAND, REHABILITATE, AND ENHANCE THE NUMBER AND QUALITY OF AFFORDABLE HOUSING STOCK AVAILABLE TO LOW AND MODERATE INCOME, ELDERLY AND DISABLED.

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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 $2,114,252

Investment Income $320,388

Other Revenue $170,288

TOTAL REVENUE $2,604,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $363,812

Fundraising Expenses $0

Program Expenses $2,294,229

Other Expenses $2,466,956

TOTAL EXPENSES $2,830,768

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,604,928	$-135,417	-20.2%
Expenses	$2,830,768	$379,497	+6.5%
Net Income	$-225,840	$-514,914	-0.6%

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

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

$468,436

Total Directors

$468,936

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL E FLEMING	VICE PRESIDENT	15.00	Officer Director	$182,616	$0	$182,616
CYNTHIA K SKROCKI	TREASURY/SECR., VICE PRES.	15.00	Officer Director	$132,616	$0	$132,616
ELIZABETH R VERMALES	PRESIDENT	15.00	Officer Director	$153,204	$0	$153,204
JAEL MENENDEZ	DIRECTOR	0.50	Director	$250	$0	$250
ANGIE TANNER	DIRECTOR	0.50	Director	$250	$0	$250

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	$2,604,928	$2,830,768	$22,865,782	$-225,840
2022	$-135,417	$379,497	$22,717,691	$-514,914
2021	$873,972	$265,286	$23,487,225	$608,686
2020	$-146,379	$456,571	$23,426,757	$-602,950
2019	$-266,713	$694,380	$23,933,208	$-961,093
2018	$-257,518	$333,915	$23,736,215	$-591,433

NATIONAL DEVELOPMENT FOUNDATION INC