CHARLESTON, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE CITADEL REAL ESTATE FOUNDATION, founded in 2016, is a small nonprofit in the Education sector that reported $202K in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 941% operating deficit.
THE CITADEL REAL ESTATE FOUNDATION'S MOST SIGNIFICANT ACTIVITY IN 2023 WAS ENTERING INTO A REAL ESTATE CONTRACT TO PURCHASE OF 164 DUNNEMANN AVE, 230 GROVE ST, AND 268 GROVE ST.164 DUNNEMAN AVE WAS CONSTRUCTED AROUND 1962. IT IS A TWO-STORY TRI-PLEX WITH EACH UNIT HAVING TWO-BED ROOMS AND ONE AND ONE HALF-BATHROOM. UNIT A IS 998 SQ FT. UNIT B IS 920 SQ FT, AND UNIT C IS 1,076 SQ FT. 230 GROVE ST WAS CONSTRUCTED AROUND 1952. IT IS A TWO-STORY FOUR-PLEX WITH EACH UNIT HAVE TWO BEDROOMS AND ONE-BATHROOM. EACH UNIT IS APPROXIMATELY 925 SQ FT.268 GROVE ST WAS CONSTRUCTED AROUND 1962. IT IS A TWO-STORY FOUR-PLEX WITH EACH UNIT HAVE TWO BEDROOMS AND ONE-BATHROOM. EACH UNIT IS APPROXIMATELY 1,043 SQ FT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $201,708 | $2,659,372 | -0.9% |
| Expenses | $2,099,330 | $2,082,543 | +0.0% |
| Net Income | $-1,897,622 | $576,829 | -4.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| THOMAS G PHILIPKOSKY USAF RET | EXECUTIVE DIRECTOR | 30.00 |
Officer
|
$122,625 | $0 | $122,625 |
| MR LONNIE N CARTER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR P HEATH VERNER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR ROBERT H NUTTALL JR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GENGLENN M WALTERS USMC-RET | BOARD MEMBER, EX-OFFICIO | 1.00 |
Director
|
$0 | $0 | $0 |
| DR CHRISTOPHER C SWAIN | BOARD MEMBER, EX-OFFICIO | 1.00 |
Director
|
$0 | $0 | $0 |
| COL F GREG DELLENEY JR | BOARD MEMBER, EX-OFFICIO | 1.00 |
Director
|
$0 | $0 | $0 |
| MR JOHN H HUDGENS III | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR JOEY R FLOYD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR CHARLES I SMALL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| COL DYLAN W GOFF | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MR THOMAS J ANDERSON JR | BOARD SECRETARY/TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MR CLAUDIUS E WATTS IV | VICE CHAIRMAN | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MR JOHN C L DARBY | CHAIRMAN | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $201,708 | $2,099,330 | $28,349,907 | $-1,897,622 |
| 2022 | $2,659,372 | $2,082,543 | $31,768,972 | $576,829 |
| 2021 | $3,092,140 | $1,597,203 | $30,739,900 | $1,494,937 |
| 2020 | $1,574,072 | $153,348 | $23,720,494 | $1,420,724 |
| 2019 | $6,719,405 | $451,392 | $10,741,360 | $6,268,013 |
| 2018 | $125 | $430,510 | $3,701,655 | $-430,385 |
Compare THE CITADEL REAL ESTATE FOUNDATION with other nonprofits in South Carolina and across the country.