Blackshear Neighborhood Development Corp (EIN 742281135) - 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

1983

Legal Domicile

Phone

5129442123

Tax Period

2023-10-01 to 2024-09-30

Blackshear Neighborhood Development Corp, founded in 1983, is a small nonprofit that reported $239K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $304K exceeded revenue, resulting in a 27% operating deficit.

Mission

The organization was formed to provide housing to low-income individuals and families.

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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 $236,445

Investment Income $0

Other Revenue $2,820

TOTAL REVENUE $239,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,773

Fundraising Expenses $140

Program Expenses $294,775

Other Expenses $229,381

TOTAL EXPENSES $304,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$239,265	$316,050	-0.2%
Expenses	$304,154	$335,630	-0.1%
Net Income	$-64,889	$-19,580	+2.3%

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

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

$61,949

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Scales	President	1	Officer Director	$0	$0	$0
Mary Wooley	Vice President	1	Officer Director	$0	$0	$0
Rosa Mary Jones	Secretary	1	Officer Director	$0	$0	$0
Brenda Bullard	Board Member	1	Director	$0	$0	$0
Cynthia Mathis-Gaines	Executive Director	40	Officer	$61,949	$0	$61,949

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	$239,265	$304,154	$2,082,573	$-64,889
2023	$316,050	$335,630	$2,164,230	$-19,580
2021	$929,572	$296,290	$2,262,508	$633,282
2020	$360,876	$321,673	$1,854,046	$39,203
2019	$133,013	$254,141	$1,705,143	$-121,128
2018	$122,400	$244,090	$1,850,031	$-121,690

Blackshear Neighborhood Development Corp