BRENTWOOD ECONOMIC COM DEV 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

1993

Legal Domicile

Principal Officer

GLENDA HOPKINS

Phone

7138521451

Tax Period

2023-01-01 to 2023-12-31

BRENTWOOD ECONOMIC COM DEV CORP, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 8% surplus.

Mission

IMPROVE NBSP;THE NBSP;QUALITY NBSP;OF NBSP;LIFE NBSP;IN NBSP;THE NBSP;GREATER NBSP;HOUSTON NBSP;COMMUNITY NBSP;THROUGH NBSP;EDUCATION NBSP;ECONOMIC NBSP;DEVELOPMENT NBSP;THE NBSP;ARTS NBSP;HEALTH NBSP;AND NBSP;SOCIAL NBSP;SERVICE NBSP;PROGRAMS

Program Service Accomplishments

Program 1

Expenses: $869,726 Revenue: $923,641

RENT, MORTGAGE, UTILITIES ASSISTANCE AND TRANSITIONAL HOUSING FACILITY FOR THOSE AFFECTED WITH HIV.

Program 2

Expenses: $85,953 Revenue: $123,940

SCHOLARSHIPS FOR THOSE ATTENDING COLLEGE

Program 3

Expenses: $16,448

FOOD ASSISTANCE FOR THOSE IN NEED OF FOOD.

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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 $994,857

Program Service Revenue $125,568

Investment Income $647

Other Revenue $0

TOTAL REVENUE $1,121,072

Expense Breakdown

Grants Paid $536,023

Salaries & Benefits $325,526

Fundraising Expenses $0

Program Expenses $972,127

Other Expenses $174,347

TOTAL EXPENSES $1,035,896

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,121,072	$812,483	+0.4%
Expenses	$1,035,896	$815,852	+0.3%
Net Income	$85,176	$-3,369	-26.3%

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

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

$110,747

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR SAMUEL RATLIFF	CHAIRMAN OF THE BOARD	001.00	Officer Director	$0	$0	$0
LERONIA BOUGHTON	PRESSDENT	001.00	Officer Director	$0	$0	$0
EDWARD CAMPBELL	TRUSTEE	001.00	Officer Director	$0	$0	$0
PAUL JEFFERSON	SECRETARY	001.00	Officer Director	$0	$0	$0
SHARON EDWARDS	DIRECTOR	001.00	Director	$0	$0	$0
LARENCE SNOWDEN	DIRECTOR	001.00	Director	$0	$0	$0
OMAR DENMON	DIRECTOR	001.00	Director	$0	$0	$0
GLENDA HOPKINS	EXECUTIVE DIRECOR	020.00	Key Emp	$16,376	$0	$46,747
SHARONDA WRIGHT	PROJECT DIRECTOR	040.00	Key Emp	$64,000	$0	$64,000

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	$1,121,072	$1,035,896	$465,625	$85,176
2022	$923,055	$915,993	$384,392	$7,062
2021	$812,483	$815,852	$433,102	$-3,369
2020	$822,081	$748,067	$431,191	$74,014
2019	$797,649	$813,388	$340,420	$-15,739
2018	$854,023	$855,020	$370,603	$-997