Lubbock, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)North & East Lubbock Community Development Corp, founded in 2004, is a micro nonprofit that reported $77K in total revenue in fiscal year 2020. Expenses of $89K exceeded revenue, resulting in a 16% operating deficit.
The mission or the organization is to create, facilitate and promote economic development. The organization also has special programs to assist disadvantaged citizens in the west Texas area with special emphasis on economic development in north and east Lubbock, Texas.
The NELCDC impacted households through homebuyer education and housing and credit counseling. New clients qualified for mortgage loans and become first-time homebuyers as a result of the CDCs housing...
The NELCDC impacted households through homebuyer education and housing and credit counseling. New clients qualified for mortgage loans and become first-time homebuyers as a result of the CDCs housing and credit counseling program. New homebuyers were able to close on their mortgage loans as a result of attending the CDCs HUD-approved group education workshop on financial literacy and homebuyer education. The work of the housing counseling and affordable housing projects added taxable value to the local tax base.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $77,237 | $80,306 | 0.0% |
| Expenses | $89,263 | $105,458 | -0.2% |
| Net Income | $-12,026 | $-25,152 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Monique Coleman | Executive Director | 040.00 |
Key Emp
Highest
|
$5,971 | $0 | $5,971 |
| Cosby Morton | Chair | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| David Haynes Jr | Vice Chair | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Valorie Duvall | Treasurer | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Mary Beckham | Secretary | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Subodh Patel | Board Member | 001.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $77,237 | $89,263 | $670,399 | $-12,026 |
| 2020 | $80,306 | $105,458 | $682,501 | $-25,152 |
| 2019 | $134,131 | $172,693 | $705,723 | $-38,562 |
Compare North & East Lubbock Community Development Corp with other nonprofits in Texas and across the country.