BUFORD L BOOTY REED JR DEVELOPMENT CORPORATION

EIN: 882422305 501(c)(3)

DICKSON, TN

Total Revenue
$2,610
Total Expenses
$4,478
Total Assets
$97,070
Net Assets
$97,070
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
TN
Principal Officer
SHERRY LYNCH
Phone
6154469371
Tax Period
2022-10-01 to 2023-09-30

BUFORD L BOOTY REED JR DEVELOPMENT CORPORATION, founded in 2022, is a micro nonprofit that reported $3K in total revenue in fiscal year 2022. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $4K exceeded revenue, resulting in a 72% operating deficit.

Mission

ASSIST IN PROVIDING ADEQUATE HOUSING FOR QUALIFIED LOW-INCOME INDIVIDUALS IN AREAS WHERE A SHORTAGE OF SUCH HOUSING EXISTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $2,610
Other Revenue $0
TOTAL REVENUE $2,610

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,478
Other Expenses $4,478
TOTAL EXPENSES $4,478

Year-over-Year Comparison

2022 2021 Change
Revenue $2,610 $99,123 -1.0%
Expenses $4,478 $185 +23.2%
Net Income $-1,868 $98,938 -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

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Governance

Voting Members
5
Independent Members
5
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
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERRY LYNCH EXECUTIVE DI N/A
Officer
$0 $0 $0
SUSAN TRAYLOR BOARD MEMBER N/A
Officer
$0 $0 $0
MELISSA PORCH BOARD MEMBER N/A
Officer
$0 $0 $0
RAY GARDNER BOARD MEMBER N/A
Officer
$0 $0 $0
CHARLES DAVIS BOARD MEMBER 0.00
Officer
$0 $0 $0
RANDY HITE BOARD MEMBER 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 $2,610 $4,478 $97,070 $-1,868
2022 $99,123 $185 $98,938 $98,938
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