Grace Urban Development Corporation

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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

2016

Legal Domicile

Principal Officer

Carmelia Osley

Phone

9372784731

Tax Period

2023-01-01 to 2023-12-31

Grace Urban Development Corporation, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $294K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $572K exceeded revenue, resulting in a 94% operating deficit.

Mission

Grace Urban Development GUD is a non-profit agency located in the City of Dayton, Ohio that operates exclusively for improving the quality of life of people through community economic development, housing development, and job training. GUD provides prevention and intervention services for residents in the Greater Dayton community by addressing social, racial, economic, and health disparities that impede individuals' development.

Program Service Accomplishments

Program 1

Expenses: $322,274 Revenue: $55,871

Dayton Cooks: Trained 17 individuals in culinary arts Provided over 120,000 meals to 11 after school programs

Program 2

Expenses: $81,095

Freedom School - provided 45 scholars with 6 weeks of high quality academic enrichment to help children develop language and reading skills.

Program 3

Expenses: $57,731

DPS Neighborhood School Center: Provided resources to 460 families at Louise Troy, coordinated family events, provided uniforms to students and staffed school based food pantry

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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 $199,857

Program Service Revenue $94,048

Investment Income $0

Other Revenue $250

TOTAL REVENUE $294,155

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $478,896

Other Expenses $571,819

TOTAL EXPENSES $571,819

Year-over-Year Comparison

	2023	2022	Change
Revenue	$294,155	$515,523	-0.4%
Expenses	$571,819	$145,345	+2.9%
Net Income	$-277,664	$370,178	-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

Employees

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Putka	Chairman	3.00	Officer Director	$0	$0	$0
Cindy Cary	Secretary	5.00	Officer Director	$0	$0	$0
Derek Allen	Trustee	2.00	Officer Director	$0	$0	$0
Rachel Dulan DO	Trustee	3.00	Officer Director	$0	$0	$0
Susan E Hines MBA-HCM	Trustee	3.00	Officer Director	$0	$0	$0
Alex Smith	Trustee	4.00	Officer Director	$0	$0	$0
Debbie Nerderman	Executive Dir.	30.00	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	No data	No data	No data	No data
2023	$294,155	$571,819	$93,403	$-277,664
2022	$515,523	$145,345	$370,233	$370,178