COMMUNITY ECONOMIC DEVELOPMENT CORPORATION

EIN: 880306149 501(c)(3) Housing & Shelter

Los Angeles, CA

Total Revenue
$500,645
Total Expenses
$463,045
Total Assets
$2,447,439
Net Assets
$57,439
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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
1994
Legal Domicile
NV
Phone
3237373413
Tax Period
2024-01-01 to 2024-12-31

COMMUNITY ECONOMIC DEVELOPMENT CORPORATION, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $501K in total revenue in fiscal year 2024. Revenue surged 355% from the prior year, signaling strong growth momentum. Expenses of $463K left a modest 8% surplus.

Mission

To engage in economic development affordable housing and community development activities for under-served communities

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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 (2024)

Revenue Breakdown

Contributions & Grants $500,645
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $500,645

Expense Breakdown

Grants Paid $0
Salaries & Benefits $60,000
Fundraising Expenses $0
Program Expenses $463,045
Other Expenses $403,045
TOTAL EXPENSES $463,045

Year-over-Year Comparison

2024 2023 Change
Revenue $500,645 $110,000 +3.6%
Expenses $463,045 $89,000 +4.2%
Net Income $37,600 $21,000 +0.8%
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
7
Independent Members
7
Employees
N/A
Volunteers
10

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Delores Brown President 40.00
Highest
$60,000 $0 $60,000
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 $500,645 $463,045 $2,447,439 $37,600
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