ANDP DEVELOPMENT FUND INC (EIN 863231183) - 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

2021

Legal Domicile

Principal Officer

JOHN O'CALLAGHAN

Phone

4045222637

Tax Period

2024-07-01 to 2025-06-30

ANDP DEVELOPMENT FUND INC, founded in 2021, is a small nonprofit in the Housing & Shelter sector that reported $180K in total revenue in fiscal year 2024. Revenue fell 94% from the prior year — a significant decline worth monitoring. Net assets of $18.1M represent 1201 months of operating reserves.

Mission

TO PROVIDE ECONOMIC AND NONECONOMIC SUPPORT TO ATLANTA NEIGHBORHOOD DEVELOPMENT PARTNERSHIP, INC. (ANDP) IN FURTHERANCE OF ANDP'S MISSION, BY (I) PROVIDING LOANS OR GRANTS TO INDIVIDUALS AND ORGANIZATIONS TO SUPPORT ANDP'S PROGRAMS OR INVESTMENTS IN FURTHERANCE OF THE FUND'S AND ANDP'S PURPOSES, (II) MAKING DIRECT PAYMENTS FOR COMMERCIAL AND RESIDENTIAL REAL ESTATE IMPROVEMENT PROJECTS, OR (III) SUBSIDIZING OR REIMBURSING PAYMENTS MADE BY OTHERS FOR SOCIOECONOMIC NEEDS.

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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 $0

Program Service Revenue $180,327

Investment Income $0

Other Revenue $0

TOTAL REVENUE $180,327

Expense Breakdown

Grants Paid $180,327

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $180,327

Other Expenses $0

TOTAL EXPENSES $180,327

Year-over-Year Comparison

	2024	2023	Change
Revenue	$180,327	$2,955,759	-0.9%
Expenses	$180,327	$160,487	+0.1%
Net Income	$0	$2,795,272	-1.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$1,007,068

Total Directors

$2,226,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AGNES CASIMIR	CFO/DIRECTOR	40.00	Officer Director	$0	$50,595	$281,762
ANN CARPENTER	SECRETARY	1.00	Director	$0	$0	$0
AARON ABRAMOVITZ	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA ANGLIN	DIRECTOR	1.00	Director	$0	$0	$0
CHANDRA HASLEM	DIRECTOR	1.00	Director	$0	$0	$0
JASON PERLMUTTER	DIRECTOR	40.00	Director	$0	$37,004	$209,038
ZYKEREYES BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN O'CALLAGHAN	CEO/DIRECTOR	40.00	Officer Director	$0	$69,219	$481,445
JACE GATEWOOD	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SLATON	VICE-CHAIRMAN	1.00	Director	$0	$0	$0
RICHARD OGLESBY	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA D CROSS	CHAIRMAN	1.00	Director	$0	$0	$0
SHIRLYNN FORTSON	DIRECTOR	1.00	Director	$0	$0	$0
RODERICK TEACHEY	DIRECTOR	1.00	Director	$0	$0	$0
NATE JESTER	DIRECTOR	1.00	Director	$0	$0	$0
SAM SHENBAGA	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN ADAMS	DIRECTOR	40.00	Director	$0	$57,006	$263,164
CECILIA LEAL	DIRECTOR	40.00	Director	$0	$45,124	$158,905
THOMAS J ROECK JR	TREASURER	1.00	Director	$0	$0	$0
MARY V GUDE	DIRECTOR	1.00	Director	$0	$0	$0
SHIKHA JERATH	DIRECTOR	1.00	Director	$0	$0	$0
HUGH ROWDEN	DIRECTOR	1.00	Director	$0	$0	$0
KEITH L THORNTON	DIRECTOR	1.00	Director	$0	$0	$0
DAPHNE BOND GODFREY	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE S BURGAN	DIRECTOR	40.00	Director	$0	$35,249	$177,168
ALRICH LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
SALISHA EVANS	DIRECTOR	40.00	Director	$0	$37,798	$208,798
ASHANI O'MARD	DIRECTOR	40.00	Officer Director	$0	$29,185	$243,861
RIAN PERRY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
VY VU	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
SARA HAAS	DIRECTOR	40.00	Director	$0	$29,732	$202,809
ERICA ACIE	DIRECTOR	1.00	Director	$0	$0	$0
ASSATA BLACK	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD FRANKLIN	DIRECTOR	1.00	Director	$0	$0	$0
NATOSHA REID RICE	DIRECTOR	1.00	Director	$0	$0	$0
CAROL YANCEY	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
2025	$180,327	$180,327	$18,052,597	No data
2024	$2,955,759	$160,487	$18,052,597	$2,795,272
2023	$152,441	$152,441	$15,257,325	No data
2022	$7,785,121	$137,083	$15,257,325	$7,648,038
2021	$7,607,386	$4,435	$7,602,951	$7,602,951

ANDP DEVELOPMENT FUND INC