NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN (EIN 911884698) - 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

1988

Legal Domicile

Principal Officer

DANIEL MARSH III

Phone

2126821106

Tax Period

2023-01-01 to 2023-12-31

NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN, founded in 1988, is a major nonprofit in the Housing & Shelter sector that reported $101.5M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

NDC HOUSING AND ECONOMIC DEVELOPMENT CORPORATION WAS ORGANIZED FOR THE (CONT. ON SCHEDULE O) FOLLOWING CHARITABLE PURPOSES: TO CONSTRUCT NEW AND SUPPORT EXISTING SAFE AND ADEQUATE LOW-INCOME HOUSING FOR DISADVANTAGED PERSONS; THEREBY ASSISTING GENERALLY IN THE ALLEVIATION OF HOUSING SHORTAGES THROUGHOUT THE UNITED STATES; TO STIMULATE ECONOMIC DEVELOPMENT IN ECONOMICALLY DISTRESSED AREAS OF THE COUNTRY; AND TO ASSIST IN THE ERECTION AND MAINTENANCE OF PUBLIC BUILDINGS, MONUMENTS OR FACILITIES; TO LESSEN THE BURDENS OF GOVERNMENTS; AND TO PROMOTE SOCIAL WELFARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $12,419,293

Program Service Revenue $81,973,964

Investment Income $-2,502,313

Other Revenue $9,623,997

TOTAL REVENUE $101,514,941

Expense Breakdown

Grants Paid $1,309,562

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,769,515

Other Expenses $108,719,231

TOTAL EXPENSES $110,028,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,514,941	$115,628,960	-0.1%
Expenses	$110,028,793	$100,738,505	+0.1%
Net Income	$-8,513,852	$14,890,455	-1.6%

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

$1,924,990

Total Directors

$3,957,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM ENNIS	BOARD MEMBER/COO	5.50	Officer Director	$0	$87,486	$385,626
BRENDAN MEHAFFY	BOARD MEMBER	0.25	Director	$0	$0	$0
BYRON BROWN	BOARD MEMBER	0.25	Director	$0	$0	$0
CHARLEY DEPEW	BOARD MEMBER	3.00	Director	$0	$65,048	$313,001
DANIEL CHOI	CFO	20.00	Officer Director	$0	$83,166	$308,511
DANIEL MARSH III	PRES/BOARD MEMBER	4.40	Officer Director	$0	$163,290	$682,734
DAVID J TREVISANI	BOARD MEMBER/VICE PRESIDENT	10.50	Officer Director	$0	$103,509	$352,812
GERTUDE SCRIVEN	BOARD MEMBER	0.50	Director	$0	$131,878	$405,183
JOHN MURRAY	BOARD MEMBER	0.25	Director	$0	$0	$0
KEITH SWENSON	BOARD MEMBER	0.25	Director	$0	$0	$0
KEVIN GREMSE	BOARD MEMBER	1.00	Director	$0	$104,024	$373,664
KISTY MORRIS	BOARD MEMBER	0.25	Director	$0	$0	$0
KYLE DONAHUE	BOARD MEMBER	0.25	Director	$0	$0	$0
LARRY WEST	BOARD MEMBER	0.25	Director	$0	$0	$0
MICHAEL GRIFFIN	BOARD MEMBER	1.00	Director	$0	$104,024	$458,452
OSEREMI ADEKOYE	BOARD MEMBER	0.25	Director	$0	$0	$0
RAQUEL FAVELA	BOARD MEMBER	1.00	Director	$0	$68,570	$340,564
SHATORAH DONOVAN	BOARD MEMBER	0.25	Director	$0	$0	$0
SHEILA HUMMEL	BOARD MEMBER	0.25	Director	$0	$0	$0
STEPHANIE DUGAN	BOARD MEMBER	1.00	Director	$0	$89,349	$336,653
STEVEN THAYER	BOARD MEMBER	0.25	Director	$0	$0	$0
SVANTE MYRICK	BOARD MEMBER	0.25	Director	$0	$0	$0
THOMAS GIBNEY	BOARD MEMBER	0.25	Director	$0	$0	$0
TOM SCHAPPACHER	BOARD MEMBER	0.25	Director	$0	$0	$0
WHITNEY TRUMBLY	BOARD MEMBER	0.25	Director	$0	$0	$0
JENNIE VERTREES	SECRETARY	15.00	Officer	$0	$84,444	$195,307

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	No data	No data	No data	No data
2023	$101,514,941	$110,028,793	$910,447,137	$-8,513,852
2022	$115,628,960	$100,738,505	$906,903,124	$14,890,455
2021	$129,829,382	$104,120,358	$914,444,452	$25,709,024
2020	$193,664,154	$194,926,982	$1,012,755,346	$-1,262,828
2019	$89,841,904	$93,857,053	$943,943,443	$-4,015,149
2018	$115,894,266	$89,122,696	$984,900,420	$26,771,570

NDC HOUSING & ECONOMIC DEVELOPMENT CORPORATION - GROUP RETURN