NEIGHBORHOOD RECOVERY COMMUNIT DEVELOPMENT CORP (EIN 760377117) - 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

DEON WARNER

Phone

7135205232

Tax Period

2024-01-01 to 2024-12-31

NEIGHBORHOOD RECOVERY COMMUNIT DEVELOPMENT CORP, founded in 1991, is a community nonprofit in the Human Services sector that reported $2.7M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 22% operating deficit.

Mission

PROVIDE AFFORDABLE HOUSING AND REVITALIZE INNER CITY NEIGHBORHOODS

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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 (2024)

Revenue Breakdown

Contributions & Grants $811,845

Program Service Revenue $1,866,635

Investment Income $48,405

Other Revenue $0

TOTAL REVENUE $2,726,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $925,531

Fundraising Expenses $61,835

Program Expenses $3,053,845

Other Expenses $2,403,498

TOTAL EXPENSES $3,329,029

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,726,885	$3,923,558	-0.3%
Expenses	$3,329,029	$3,123,993	+0.1%
Net Income	$-602,144	$799,565	-1.8%

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

N/A

Employees

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

$132,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
T DEON WARNER	PRESIDENT	4	Director	$0	$0	$0
DREW MASTERSON	VICE PRESIDENT	2	Director	$0	$0	$0
SHARON OWENS	SECRETARY	2	Director	$0	$0	$0
C C LEE	TREASURER	2	Director	$0	$0	$0
PAUL CHARLES	EXEC DIRECTOR	35	Key Emp	$132,000	$0	$132,000
M TODD TRIGGS	BOARD MEMBER	1	Director	$0	$0	$0
MICHAEL TREJO	BOARD MEMBER	1	Director	$0	$0	$0
ALICE OTCHERE	BOARD MEMBER	1	Director	$0	$0	$0
JUANITA CAUSEY	BOARD MEMBER	1	Director	$0	$0	$0
DANIEL DINARDO	BOARD MEMBER	1	Director	$0	$0	$0
CHRISTINA CHAR	BOARD MEMBER	1	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	$2,726,885	$3,329,029	$9,036,932	$-602,144
2023	$3,923,558	$3,123,993	$9,345,204	$799,565
2022	$2,614,847	$2,902,330	$10,663,842	$-287,483
2021	$2,523,534	$2,772,740	$9,982,370	$-249,206
2020	$2,924,476	$2,484,695	$10,284,419	$439,781

NEIGHBORHOOD RECOVERY COMMUNIT DEVELOPMENT CORP