COMMUNITY DEVELOPMENT INC (EIN 820472704) - 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

1998

Legal Domicile

Principal Officer

ED CORNFORTH

Phone

2086491512

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY DEVELOPMENT INC, founded in 1998, is a community nonprofit in the Religion sector that reported $10.0M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $19.5M exceeded revenue, resulting in a 95% operating deficit.

Mission

THE MISSION OF COMMUNITY DEVELOPMENT, INC IS SUMMED UP IN ITS MOTTO "BUILDING HOMES BUILDING PEOPLE". FOR CDI, THIS ENCOMPASSES PROVIDING LOW INCOME AND HOMELESS PERSONS, POTENTIALLY HOMELESS PERSONS OR OTHERWISE DISADVANTAGED PERSONS WITH HOUSING FACILITIES, AS WELL AS EDUCATIONAL AND SUPPORTIVE SERVICES BY (1) CONSTRUCTING PROGRAMS WHICH WILL PROMOTE THE PROVISION OF DECENT HOUSING AFFORDABLE TO LOW-INCOME PERSONS. (2) MOBILIZING PUBLIC AND PRIVATE RESOURCES IN SUPPORT OF ANTI-POVERTY PROGRAMS; AND (3) INVOLVING THE LOW-INCOME IN DEVELOPING AND CARRYING OUT ANTI-POVERTY PROGRAMS. THE CORPORATION ALSO ASSISTS OTHER HUMANITARIAN EFFORTS IN CONSTRUCTION MANAGEMENT BOTH WITHIN THE U.S. AND INTERNATIONALLY.

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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 $0

Program Service Revenue $8,010,721

Investment Income $421,523

Other Revenue $1,562,691

TOTAL REVENUE $9,994,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,112,482

Fundraising Expenses $0

Program Expenses $18,177,864

Other Expenses $16,381,305

TOTAL EXPENSES $19,493,787

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,994,935	$6,458,509	+0.5%
Expenses	$19,493,787	$9,863,336	+1.0%
Net Income	$-9,498,852	$-3,404,827	+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

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

$182,402

Total Directors

$478,128

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ed Cornforth	DIRECTOR	40.00	Director	$280,220	$7,609	$287,829
Alexis Yon	Treasurer	40.00	Officer Director	$175,387	$7,015	$182,402
Eric Cornforth	Director	1.00	Director	$7,897	$0	$7,897
Donald Bedney II	Chairman	40.00	Officer Director	$0	$0	$0
Twyla Leiske Bechtel	Director	1.00	Director	$0	$0	$0
Donna Collins-Lewis	Director	1.00	Director	$0	$0	$0
Charles Cornforth V	Director	1.00	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	$9,994,935	$19,493,787	$53,682,867	$-9,498,852
2022	$6,458,509	$9,863,336	$45,898,536	$-3,404,827
2021	$14,412,416	$7,062,691	$42,153,213	$7,349,725
2020	$5,816,828	$4,372,260	$28,607,765	$1,444,568
2019	$6,684,724	$6,232,826	$32,431,771	$451,898
2018	$7,236,384	$8,635,901	$33,261,610	$-1,399,517

COMMUNITY DEVELOPMENT INC