IRVING COMMUNITY DEVELOPMENT CORP

EIN: 752653209 501(c)(3)

IRVING, TX

Total Revenue
$26,867
Total Expenses
$322,525
Total Assets
$63,297
Net Assets
$62,052
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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
TX
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.

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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%)

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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

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
1

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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