DANVILLE NEIGHBORHOOD DEVELOPMENT CORPORATION

EIN: 821340755 501(c)(3) Community Improvement

DANVILLE, VA

Total Revenue
$562,500
Total Expenses
$899,354
Total Assets
$480,570
Net Assets
$471,372
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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
VA
Principal Officer
WENDI EVERSON
Phone
4347995099
Tax Period
2023-01-01 to 2023-12-31

DANVILLE NEIGHBORHOOD DEVELOPMENT CORPORATION, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $562K in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $899K exceeded revenue, resulting in a 60% operating deficit.

Mission

REIMAGINE DANVILLE'S NEIGHBORHOODS AS THRIVING, NUTURING, SAFE PLACES WHERE RESIDENTS ARE EMPOWERED TO INVEST THEIR TIME, ENERGY, AND RESOURCES TO MAKE A POSITIVE DIFFERENCE.

Program Service Accomplishments

Program 1
Expenses: $827,956

By helping property owners correct deferred maintenance, make capital improvements, and increase their homes' curb appeal, and through resident leadership building and real estate development, the...

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By helping property owners correct deferred maintenance, make capital improvements, and increase their homes' curb appeal, and through resident leadership building and real estate development, the DNDC is transforming neighborhoods into places where residents feel confident about its future; where property owners are empowered to invest their time, energy and resources into their homes; and where neighbors have the capacity to manage day-to-day community issues.

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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 (2023)

Revenue Breakdown

Contributions & Grants $562,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $562,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $165,962
Fundraising Expenses $0
Program Expenses $827,956
Other Expenses $733,392
TOTAL EXPENSES $899,354

Year-over-Year Comparison

2023 2022 Change
Revenue $562,500 $368,572 +0.5%
Expenses $899,354 $374,582 +1.4%
Net Income $-336,854 $-6,010 +55.0%
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

Financial Distress Indicator

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
2
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
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOY WOOD PRESIDENT 1.00
Officer Director
$0 $0 $0
JANET DAVIS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ROBERT FULLER TREASURER 1.00
Officer Director
$0 $0 $0
EARL B REYNOLDS JR BOARD MEMBER 1.00
Director
$0 $0 $0
BRYANT HOOD BOARD MEMBER 1.00
Director
$0 $0 $0
BEVERLY RICHARDSON BOARD MEMBER 1.00
Director
$0 $0 $0
GARY WASSON BOARD MEMBER 1.00
Director
$0 $0 $0
AMANDA SCHLICHTING BOARD MEMBER 1.00
Director
$0 $0 $0
CORNELIUS JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
WENDI EVERSON EXECUTIVE DIRECTOR 40.00
Highest
$115,000 $0 $115,000
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 No data No data No data No data
2023 $562,500 $899,354 $480,570 $-336,854
2022 $368,572 $374,582 $812,877 $-6,010
2022 $787,500 $260,093 $1,388,736 $527,407
2021 $886,250 $130,348 $820,995 $755,902
2020 $290,477 $183,899 $65,523 $106,578
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