HISTORIC EASTSIDE COMMUNITY DEVELOPMENT CORPORATION (EIN 814479109) - Form 990 Financial Analysis & Trantor Score

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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

SUZANNE PICKET

Phone

9044503962

Tax Period

2024-10-01 to 2025-09-30

HISTORIC EASTSIDE COMMUNITY DEVELOPMENT CORPORATION, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $458K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $510K exceeded revenue, resulting in a 11% operating deficit.

Mission

SERVICES TO LOW INCOME RESIDENTS IN THE COMMUNITY THAT INLUDE FOOD DISTRIBUTION, HOUSING ASSISTANCE, COMMUNITY HEALTH AND WELLNESS AND SMALL BUSINESS ASSISTANCE

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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 $455,856

Program Service Revenue $0

Investment Income $2,424

Other Revenue $0

TOTAL REVENUE $458,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,032

Fundraising Expenses $27,325

Program Expenses $442,070

Other Expenses $392,030

TOTAL EXPENSES $510,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$458,280	$404,583	+0.1%
Expenses	$510,062	$398,871	+0.3%
Net Income	$-51,782	$5,712	-10.1%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH N DEBS	TREASURER	2	Director	$0	$0	$0
SOPHIE FILIBERT	SECRETARY	2	Director	$0	$0	$0
BRANDIE STALLINGS	VICE CHAIR	2	Director	$0	$0	$0
MICHAEL BLAYLOCK	MEMBER	1	Director	$0	$0	$0
KIARA NIXON	CHAIR	2	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
2025	$458,280	$510,062	$503,191	$-51,782
2024	$404,583	$398,871	$448,388	$5,712
2023	$496,296	$628,167	$452,057	$-131,871
2022	$676,364	$447,127	$463,823	$229,237
2021	$249,506	$120,364	$188,054	$129,142

HISTORIC EASTSIDE COMMUNITY DEVELOPMENT CORPORATION