PV COMMUNITY DEVELOPMENT CORPORATION (EIN 742606469) - 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

1991

Legal Domicile

Principal Officer

MR TIM DAVENPORT-HERBST

Phone

9154651191

Tax Period

2023-09-01 to 2024-08-31

PV COMMUNITY DEVELOPMENT CORPORATION, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2023. The organization ran a surplus of $751K, a strong 31% operating margin.

Mission

TO ACQUIRE AND DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES, TO ACQUIRE AND DEVELOP PROGRAM FACILITIES FOR PROJECT VIDA AND PROJECT VIDA HEALTH CENTER (AFFILIATES), AND TO SPONSOR MICROENTERPRISE TECHNICAL ASSISTANCE IN COORDINATION WITH PROJECT VIDA.

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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 $431,314

Program Service Revenue $1,900,024

Investment Income $0

Other Revenue $56,957

TOTAL REVENUE $2,388,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,386

Fundraising Expenses $0

Program Expenses $1,521,215

Other Expenses $1,593,471

TOTAL EXPENSES $1,636,857

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,388,295	$2,286,557	+0.0%
Expenses	$1,636,857	$1,652,559	0.0%
Net Income	$751,438	$633,998	+0.2%

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

N/A

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

$105,568

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEAL LOCKE	CHAIR	1.50	Officer Director	$0	$0	$0
PERLA MICHEL	VICE-CHAIR/TREASURER	1.50	Officer Director	$0	$0	$0
LEE ANN BONDURANT	SECRETARY	2.00	Officer Director	$0	$0	$0
DIANE SOWELL	BOARD MEMBER	1.50	Director	$0	$0	$0
KAREN SUTTON	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIAM SCHLESINGER	CO-DIRECTOR (FORMER)	2.00	Officer	$0	$0	$58,011
CAROL SCHLESINGER	CO-DIRECTOR (FORMER)	2.00	Officer	$0	$0	$31,950
TIM DAVENPORT-HERBST	CHIEF EXECUTIVE DIRECTOR	20.00	Officer	$0	$0	$15,607

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	$2,388,295	$1,636,857	$17,639,511	$751,438
2023	$2,286,557	$1,652,559	$17,630,086	$633,998
2022	$2,086,223	$1,336,798	$18,036,157	$749,425
2021	$1,747,625	$1,170,678	$16,683,293	$576,947
2020	$1,898,212	$1,060,670	$15,383,271	$837,542
2019	$1,729,373	$947,254	$11,865,468	$782,119
2018	$1,467,932	$959,255	$11,700,465	$508,677

PV COMMUNITY DEVELOPMENT CORPORATION