THE HOMESTEAD COMMUNITY DEVELOPMENT CORPORATION (EIN 823068599) - 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

Legal Domicile

Principal Officer

LORNIA A PARKER

Tax Period

2023-01-01 to 2023-12-31

THE HOMESTEAD COMMUNITY DEVELOPMENT CORPORATION is a micro nonprofit in the Human Services sector that reported $4K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2K, a strong 50% operating margin.

Mission

TO PROVIDE INDIVIDUALS WITH; EDUCATIONAL SERVICES, SOCIAL SERVICES, HIV EDUCATION, TEEN EDUCATION, FOOD BANK, TRAINING SEMINARS, AND ON THE JOB TRAINING SERVICEDS, SHELTER SERVICES, RENOVATION, HOUSING, NEW CONSTRUCTION, COUSELING SERVICES, JOB PLACEMENT, DEVELOPMENT PROGRAMS, COMMUNITY OUTREACH IN HEALTH, VETERAN SERVICES, SERVICES SENIOR AND DISABILITIES, SERVICES AND INDIVIDUALS WITH IDD

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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 $4,100

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,156

Fundraising Expenses $0

Program Expenses $2,065

Other Expenses $909

TOTAL EXPENSES $2,065

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,100	$19,744	-0.8%
Expenses	$2,065	$45,537	-1.0%
Net Income	$2,035	$-25,793	-1.1%

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
VERONICA D ALLEN	DIRECTOR	N/A	Director	$0	$0	$0
CHRISHELL P SMITH	DIRECTOR	N/A	Director	$0	$0	$0
LORNIA A PARKER	OFFICER	N/A	Officer	$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
2023	$4,100	$2,065	$3,099	$2,035
2022	$19,744	$45,537	$878,782	$-25,793
2021	$419,360	$302,189	$979,506	$117,171
2020	$800	$43,830	$875,278	$-43,030
2019	No data	$34,747	$839,086	No data

THE HOMESTEAD COMMUNITY DEVELOPMENT CORPORATION