PAK LEGACY COMMUNITY DEVELOPMENT CO

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

BRENDAN PRINCE

Phone

2563238188

Tax Period

2022-01-01 to 2022-12-31

PAK LEGACY COMMUNITY DEVELOPMENT CO, founded in 2016, is a micro nonprofit in the Employment sector that reported $7K in total revenue in fiscal year 2022. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $50K exceeded revenue, resulting in a 617% operating deficit.

Mission

PAK LEGACY CDC IS A CERTIFIED COMMUNITY DEVELOPMENT SOCIAL WELFARE BASED NON-PROFIT FOCUSED ON THE ASSETS, CAPABILITIES, AND SKILLS OF OUR COMMUNITY TO CRAFT OPPORTUNITIES FOR SEGMENTS OF OUR SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $41,537 Revenue: $0

TO DEVELOP COMMUNITY CENTERS AND PURSUE ECONOMIC DEVELOPMENT OF POVERTY STRICKEN NEIGHBORHOODS THROUGH JOB TRAINING COURSES, JOB CREATING SUBSIDIARIES, JOB PLACEMENT, ANDS ENTREPRENEURSHIP...

TO DEVELOP COMMUNITY CENTERS AND PURSUE ECONOMIC DEVELOPMENT OF POVERTY STRICKEN NEIGHBORHOODS THROUGH JOB TRAINING COURSES, JOB CREATING SUBSIDIARIES, JOB PLACEMENT, ANDS ENTREPRENEURSHIP DEVELOPMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $7,024

Other Revenue $0

TOTAL REVENUE $7,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,225

Fundraising Expenses $0

Program Expenses $41,537

Other Expenses $11,107

TOTAL EXPENSES $50,332

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,024	$71,175	-0.9%
Expenses	$50,332	$122,225	-0.6%
Net Income	$-43,308	$-51,050	-0.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
BRENDAN PRINCE	SECRETARY/ED	30.00	Officer Director	$0	$0	$0
KARLIS BINNS	CHAIR	10.00	Officer Director	$0	$0	$0
SHARITA BAKER	TREASURER	10.00	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
2022	$7,024	$50,332	$288,242	$-43,308
2021	$71,175	$122,225	$338,688	$-51,050
2020	$19,458	$73,071	$394,353	$-53,613
2019	$35,529	$82,769	$433,971	$-47,240