WACO COMMUNITY DEVELOPMENT CORPORA… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

KEN COOPER

Phone

2542357358

Tax Period

2023-01-01 to 2023-12-31

WACO COMMUNITY DEVELOPMENT CORPORATION DBA GRASSROOTS COMMUNITY DEVELOPMENT, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $939K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO ACHIEVE A BRIGHTER FUTURE FOR CHILDREN, NEIGHBORS AND COMMUNITIES BY INSPIRING AND CULTIVATING HEALTHY NEIGHBORHOODS.

Program Service Accomplishments

Program 1

Expenses: $191,292 Revenue: $246,330

PROVISION OF AFFORDABLE HOUSING AND PROPERTY MANAGEMENT TO LOW AND MODERATE INCOME PEOPLE. THE ORGANIZATION OWNS 5 RENTAL PROPERTIES OCCUPIED BY LOW AND MODERATE INCOME RESIDENTS. THE ORGANIZATION...

PROVISION OF AFFORDABLE HOUSING AND PROPERTY MANAGEMENT TO LOW AND MODERATE INCOME PEOPLE. THE ORGANIZATION OWNS 5 RENTAL PROPERTIES OCCUPIED BY LOW AND MODERATE INCOME RESIDENTS. THE ORGANIZATION HELPS TO COORDINATE LOCAL SERVICE PROJECTS BY MATCHING GROUPS OF VOLUNTEERS WITH QUALIFYING RESIDENTS TO PERFORM REPAIRS AND MAINTENANCE ON LOW-INCOME HOMESTEADED HOMES.

Program 2

Expenses: $91,005

PROVISION OF HOUSING COUNSELING AND HOMEBUYER EDUCATION CLASSES TO LOW AND MODERATE INCOME PEOPLE. COUNSELING SERVICES INCLUDE PRE- AND POST-PURCHASE COUNSELING AS WELL AS POST PURCHASE AND...

PROVISION OF HOUSING COUNSELING AND HOMEBUYER EDUCATION CLASSES TO LOW AND MODERATE INCOME PEOPLE. COUNSELING SERVICES INCLUDE PRE- AND POST-PURCHASE COUNSELING AS WELL AS POST PURCHASE AND DOWNPAYMENT/CLOSING COST ASSISTANCE COUNSELING. OTHER SERVICES INCLUDE BUDGETING, FINANCIAL LITERACY, HOMEBUYER EDUCATION AND LOAN DOCUMENT PACKAGING CLASSES.

Program 3

Expenses: $578,562

PROMOTION OF COMMUNITY DEVELOPMENT BY PROVIDING LEADERSHIP DEVELOPMENT EFFORTS BY SEEKING TO EQUIP NEIGHBORHOOD LEADERS TO ENGAGE IN THEIR COMMUNITY IN MEANINGFUL WAYS BY WORKING WITH OTHERS AND...

PROMOTION OF COMMUNITY DEVELOPMENT BY PROVIDING LEADERSHIP DEVELOPMENT EFFORTS BY SEEKING TO EQUIP NEIGHBORHOOD LEADERS TO ENGAGE IN THEIR COMMUNITY IN MEANINGFUL WAYS BY WORKING WITH OTHERS AND EXISTING COMMUNITY ASSETS TO ADDRESS COMMUNITY NEEDS.

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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 $670,024

Program Service Revenue $4,687

Investment Income $238

Other Revenue $263,711

TOTAL REVENUE $938,660

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $426,020

Fundraising Expenses $7,383

Program Expenses $860,859

Other Expenses $497,204

TOTAL EXPENSES $927,224

Year-over-Year Comparison

	2023	2022	Change
Revenue	$938,660	$810,101	+0.2%
Expenses	$927,224	$682,250	+0.4%
Net Income	$11,436	$127,851	-0.9%

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

150

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

$115,650

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILLY DAVIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAYSI BARRERA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TIM HOLTKAMP	SECRETARY	1.00	Officer Director	$0	$0	$0
KEN COOPER	TREASURER	1.00	Officer Director	$0	$0	$0
CRYSTA DIAZ-ESPINOZA	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL SWAIN	DIRECTOR	1.00	Director	$0	$0	$0
JUAN TELLO	DIRECTOR	1.00	Director	$0	$0	$0
JUD GRIFFIS	DIRECTOR	1.00	Director	$0	$0	$0
COLIN HULYK	DIRECTOR	1.00	Director	$0	$0	$0
MIKE STONE	EXECUTIVE DIRECTOR	40.00	Officer	$95,000	$20,650	$115,650

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	$938,660	$927,224	$1,158,902	$11,436
2022	$810,101	$682,250	$1,178,684	$127,851
2021	$706,831	$704,444	$877,583	$2,387
2020	$559,277	$555,914	$1,061,502	$3,363
2019	$575,928	$566,746	$639,208	$9,182
2018	$565,651	$563,623	$631,004	$2,028

WACO COMMUNITY DEVELOPMENT CORPORATION DBA GRASSROOTS COMMUNITY DEVELOPMENT