SOUTH OF DOWNTOWN COMMUNITY DEVELO… - Form 990 Financial Data

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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

2017

Legal Domicile

Principal Officer

CARINA MCCORMICK

Phone

4024777181

Tax Period

2024-01-01 to 2024-12-31

SOUTH OF DOWNTOWN COMMUNITY DEVELOPMENT ORGANIZATION, founded in 2017, is a small nonprofit in the Housing & Shelter sector that reported $603K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $433K, a strong 72% operating margin.

Mission

ENRICH THE QUALITY OF LIFE FOR RESIDENTS OF NEAR SOUTH AND EVERETT NEIGHBORHOODS THROUGH COLLABORATION, ECONOMIC OPPORTUNTIES, AND COMMUNITY DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $113,894 Revenue: $7,131

BUILD VIBRANT NEIGHBORHOODS THAT PROVIDE EQUITABLE OPPORTUNITIES FOR PEOPLE TO THRIVE.

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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 $500,008

Program Service Revenue $0

Investment Income $96,068

Other Revenue $7,131

TOTAL REVENUE $603,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,656

Program Expenses $113,894

Other Expenses $170,540

TOTAL EXPENSES $170,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$603,207	$953,245	-0.4%
Expenses	$170,540	$222,013	-0.2%
Net Income	$432,667	$731,232	-0.4%

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

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
KILE JOHNSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JESS GIESEKE	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CARINA MCCORMICK	TREASURER	0.50	Officer Director	$0	$0	$0
SOURABH CHAKRBORTY	SECRETARY	0.50	Officer Director	$0	$0	$0
JON CARLSON	DIRECTOR	0.50	Director	$0	$0	$0
CHIP DEBUSE	DIRECTOR	0.50	Director	$0	$0	$0
RAINA ENGELHARD	DIRECTOR	0.50	Director	$0	$0	$0
LISA JANSSEN	DIRECTOR	0.50	Director	$0	$0	$0
GREG NEWPORT	DIRECTOR	0.50	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	$603,207	$170,540	$3,401,764	$432,667
2023	$953,245	$222,013	$3,199,159	$731,232
2022	$143,400	$221,755	$3,344,523	$-78,355
2021	$2,368,616	$364,170	$3,409,044	$2,004,446
2020	$413,156	$348,780	$324,166	$64,376
2019	$401,439	$304,256	$254,688	$97,183
2018	$292,329	$254,613	$160,737	$37,716

SOUTH OF DOWNTOWN COMMUNITY DEVELOPMENT ORGANIZATION