Living Redemption Community Development Corp (EIN 834024277) - 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

2019

Legal Domicile

Principal Officer

Maurice Winley

Phone

9177210784

Tax Period

2024-01-01 to 2024-12-31

Living Redemption Community Development Corp, founded in 2019, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $4.0M exceeded revenue, resulting in a 35% operating deficit.

Mission

The Living Redemption Youth Opportunity Hub is a community-based initiative serving youth, families, and communities in the New York City area.

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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 $2,959,050

Program Service Revenue $0

Investment Income $271

Other Revenue $770

TOTAL REVENUE $2,960,091

Expense Breakdown

Grants Paid $76,525

Salaries & Benefits $2,760,584

Fundraising Expenses $37,813

Program Expenses $3,762,346

Other Expenses $1,158,106

TOTAL EXPENSES $3,995,215

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,960,091	$5,008,907	-0.4%
Expenses	$3,995,215	$3,812,499	+0.0%
Net Income	$-1,035,124	$1,196,408	-1.9%

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

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

$404,921

Total Directors

$444,140

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maurice Winley	President & CEO	40.00	Officer Director	$279,108	$0	$279,108
Newton James	Dep Director of Operations	40.00	Director	$117,751	$0	$117,751
Frederick Towles	Director of Finance	40.00	Officer	$78,532	$0	$78,532
Janet Braithwaite	Director of Administration	35.00	Officer Director	$47,281	$0	$47,281
Dawn Hayward	Director	5.00	Director	$0	$0	$0
Sola Winley	Director	5.00	Director	$0	$0	$0
Ronnie Turner	Director	5.00	Director	$0	$0	$0
Derek Suite	Chair	5.00	Director	$0	$0	$0
Lloyd Doaman	Treasurer	5.00	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	$2,960,091	$3,995,215	$1,512,028	$-1,035,124
2023	$4,486,258	$3,984,561	$2,075,034	$501,697
2023	$5,008,907	$3,812,499	$3,305,858	$1,196,408
2022	$3,242,789	$1,521,439	$2,286,784	$1,721,350
2021	$833,170	$503,117	$577,839	$330,053

Living Redemption Community Development Corp