IRVING COMMUNITY DEVELOPMENT CORP

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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

1995

Legal Domicile

Principal Officer

WILLIAM C COLE

Phone

9727173564

Tax Period

2019-10-01 to 2020-09-30

IRVING COMMUNITY DEVELOPMENT CORP, founded in 1995, is a micro nonprofit that reported $27K in total revenue in fiscal year 2019. Expenses of $323K exceeded revenue, resulting in a 1100% operating deficit.

Mission

TO PROVIDE HIGH-QUALITY HOMES TO LOW-TO-MODERATE INCOME FAMILIES TO FACILITATE THE REVITALIZATION OF IRVING, TEXAS.

Program Service Accomplishments

Program 1

Expenses: $270,000

DISTRIBUTE OPERATING FUNDS TO REGULARLY ORGANIZED AND QUALIFIED CHARITABLE, EDUCATIONAL, SCIENTIFIC BUSINESS OR PHILANTHROPIC ORGANIZATIONS AS DEFINIED IN IRS SECTION 501(C)(3) IN ORDER TO DISSOLVE...

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $26,867

TOTAL REVENUE $26,867

Expense Breakdown

Grants Paid $270,000

Salaries & Benefits $31,003

Fundraising Expenses $0

Program Expenses $270,000

Other Expenses $21,522

TOTAL EXPENSES $322,525

Year-over-Year Comparison

	2019	2018	Change
Revenue	$26,867	N/A	N/A
Expenses	$322,525	$71,777	+3.5%
Net Income	$-295,658	$-71,777	+3.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM C COLE	Chairman	5.00	Officer Director	$0	$0	$0
DALE LAWRENCE	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
FERNANDO ALBERT	Treasurer	0.50	Officer 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
2020	$26,867	$322,525	$63,297	$-295,658
2019	No data	$71,777	$373,376	No data
2018	$-186,375	$58,262	$446,576	$-244,637