FOREST HEIGHTS NEIGHBORHOOD DEVELO… - 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

1993

Legal Domicile

Principal Officer

GRAHAM GREENE

Phone

9723542422

Tax Period

2023-01-01 to 2023-12-31

FOREST HEIGHTS NEIGHBORHOOD DEVELOPMENT CORPORATION, founded in 1993, is a micro nonprofit in the Community Improvement sector that reported $33K in total revenue in fiscal year 2023. Expenses of $64K exceeded revenue, resulting in a 97% operating deficit.

Mission

COMMUNITY REVITALIZATION

Program Service Accomplishments

Program 1

Expenses: $25,641

THE ORGANIZATION'S PRIMARY PURPOSE IS TO ACQUIRE PROPERTY IN THE SOUTH DALLAS AREA, BUILD AFFORDABLE HOUSING FOR LOW INCOME RESIDENTS, PROVIDE THE ELDERLY SAFE AFFORDABLE HOUSING FOR RENT, AND...

THE ORGANIZATION'S PRIMARY PURPOSE IS TO ACQUIRE PROPERTY IN THE SOUTH DALLAS AREA, BUILD AFFORDABLE HOUSING FOR LOW INCOME RESIDENTS, PROVIDE THE ELDERLY SAFE AFFORDABLE HOUSING FOR RENT, AND REVITALIZE THE AREA.

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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 $0

Investment Income $0

Other Revenue $32,713

TOTAL REVENUE $32,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,641

Other Expenses $64,311

TOTAL EXPENSES $64,311

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,713	$-83,606	-1.4%
Expenses	$64,311	$377,425	-0.8%
Net Income	$-31,598	$-461,031	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
GRAHAM GREENE	EXECUTIVE DIR.	Officer Director	$0	$0	$0
LA SHERYL WALKER	SECRETARY	Officer Director	$0	$0	$0
JOHN MILLER	DIRECTOR	Director	$0	$0	$0

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	$32,713	$64,311	$2,007,267	$-31,598
2022	$-83,606	$377,425	$2,041,022	$-461,031
2021	$144,588	$58,363	$3,424,971	$86,225
2020	$-13,044	$68,939	$3,374,032	$-81,983
2019	$12,850	$67,953	$3,426,658	$-55,103
2018	$64,716	$61,175	$3,482,528	$3,541

FOREST HEIGHTS NEIGHBORHOOD DEVELOPMENT CORPORATION