CRETE HOUSING & COMMUNITY DEVELOPM… - Form 990 Financial Data

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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

2020

Legal Domicile

Principal Officer

TOM OURADA

Phone

4028264312

Tax Period

2024-01-01 to 2024-12-31

CRETE HOUSING & COMMUNITY DEVELOPMENT CORPORATION, founded in 2020, is a micro nonprofit that reported $20K in total revenue in fiscal year 2024. The organization ran a surplus of $17K, a strong 87% operating margin.

Mission

TO FURTHER CHARITABLE, CIVIC, AND COMMUNITY DEVELOPMENT AND REDEVELOPMENT EFFORTS IN AND AROUND THE CITY OF CRETE, NEBRASKA.

Program Service Accomplishments

Program 1

TO FURTHER CHARITABLE, CIVIC, AND COMMUNITY DEVELOPMENT AND REDEVELOPMENT EFFORTS IN AND AROUND THE CITY OF CRETE, NEBRASKA, INCLUDING BUT NOT LIMITED TO THE DEVELOPMENT OR REDEVELOPMENT OF PUBLIC...

TO FURTHER CHARITABLE, CIVIC, AND COMMUNITY DEVELOPMENT AND REDEVELOPMENT EFFORTS IN AND AROUND THE CITY OF CRETE, NEBRASKA, INCLUDING BUT NOT LIMITED TO THE DEVELOPMENT OR REDEVELOPMENT OF PUBLIC FACILITIES AND INFRASTRUCTURE, THE DEVELOPMENT OF WORKFORCE AND AFFORDABLE HOUSING, THE REHABILITATION OR REDEVELOPMENT OF DILAPIDATED OR NUISANCE PROPERTIES, AND THE DEVELOPMENT OF ECONOMIC OPPORTUNITIES, GROWTH AND PROSPERITY.

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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 $20,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $20,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,600

TOTAL EXPENSES $2,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,000	N/A	N/A
Expenses	$2,600	$11,200	-0.8%
Net Income	$17,400	$-11,200	-2.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BAUER	DIRECTOR	5.00	Director	$0	$0	$0
ANNA BURGE	DIRECTOR	5.00	Director	$0	$0	$0
JUSTIN KOZISEK	DIRECTOR	5.00	Director	$0	$0	$0
TOM OURADA	DIRECTOR	5.00	Officer Director	$0	$0	$0
TOM SORENSEN	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$20,000	$2,600	$566,200	$17,400
2023	No data	$11,200	$548,800	No data
2022	No data	No data	$560,000	No data
2021	$560,000	No data	$560,000	No data

CRETE HOUSING & COMMUNITY DEVELOPMENT CORPORATION