APPLE COMMUNITY DEVELOPMENT CORPORATION

EIN: 814494791 501(c)(3) Community Improvement

Arlington, TX

Total Revenue
$783,063
Total Expenses
$782,550
Total Assets
$613,332
Net Assets
$113,332
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
TX
Principal Officer
Tim Jacquet
Tax Period
2024-01-01 to 2024-12-31

APPLE COMMUNITY DEVELOPMENT CORPORATION, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $783K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Apple Community Development Corporation Apple CDC was founded in 2016 in Arlington Texas with the goal of making an economic impact in the communities where we serve. As a 501c3 non-profit organization we provide technical assistance to non-profit organizations small businesses and entrepreneurs and work to give access to capital to underserved communities and minorities. In partnership with SCORE Fort Worth SBDC and SBA Apple CDC has achieved tremendous success in its mission from offering over 361 classes with an enrollment of over 7,200 people primarily in downtown Arlington to creating over 200 non-profit organizations in Texa We have also created at least 1000 new businesses in Texas mentored over 600 clients and assisted these companies and organizations in receiving over $5.0M and $3.0M in government contracts and grants respectively.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $25,000
Program Service Revenue $758,063
Investment Income $0
Other Revenue $0
TOTAL REVENUE $783,063

Expense Breakdown

Grants Paid $0
Salaries & Benefits $230,935
Fundraising Expenses $0
Program Expenses $782,550
Other Expenses $551,615
TOTAL EXPENSES $782,550

Year-over-Year Comparison

2024 2023 Change
Revenue $783,063 $721,645 +0.1%
Expenses $782,550 $789,928 0.0%
Net Income $513 $-68,283 -1.0%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
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
3
$0
Total Directors
0
$0
Key Employees
3
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Linda Gray Development DIrector 25.00
Officer Key Emp
$0 $0 $0
Tim Jacquet Executive Director 50.00
Officer Key Emp
$0 $0 $0
Ileana Vazquez Director of Finance 40.00
Officer Key Emp Highest
$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 $783,063 $782,550 $613,332 $513
2023 $721,645 $789,928 $612,819 $-68,283
2022 No data No data No data No data
2021 $718,005 $656,735 $623,281 $61,270
2020 $273,904 $236,798 $147,887 $37,106
2019 $372,833 $381,936 $39,147 $-9,103
2018 $372,209 $347,209 $30,605 $25,000
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