PROMISE LAND COMMUNITY DEVELOPMENT (EIN 912044127) - 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

2000

Legal Domicile

Principal Officer

Sheila Boazman

Phone

7067746020

Tax Period

2024-01-01 to 2024-12-31

PROMISE LAND COMMUNITY DEVELOPMENT, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $562K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

AFFORDABLE HOUSING for Low income families, and College scholarships for at risk students.

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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 $482,848

Program Service Revenue $211,736

Investment Income $19,573

Other Revenue $-151,910

TOTAL REVENUE $562,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $580,299

Other Expenses $587,908

TOTAL EXPENSES $587,908

Year-over-Year Comparison

	2024	2023	Change
Revenue	$562,247	$689,197	-0.2%
Expenses	$587,908	$583,162	+0.0%
Net Income	$-25,661	$106,035	-1.2%

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

N/A

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

$400

Total Directors

$35,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEILA BOAZMAN	EXECUTIVE DIRECTOR	30.00	Director	$35,000	$0	$35,000
Patricia Gilchrist	Board Member	1.00	Officer	$0	$400	$400
DENINE THOMAS	BOARD MEMBER	1.00	Officer	$0	$0	$0
Janet Fason	Board Member	1.00	Officer	$0	$0	$0
Jessica Barnes	Board Member	1.00	Officer	$0	$0	$0
Beulah Hilton	Board Member	1.00	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
2024	$562,247	$587,908	$1,191,401	$-25,661
2023	$689,197	$583,162	$1,224,677	$106,035
2022	$429,016	$520,994	$1,173,247	$-91,978
2021	$446,120	$493,126	$1,230,656	$-47,006
2020	$443,785	$487,249	$1,270,513	$-43,464
2019	$377,650	$599,613	$1,323,371	$-221,963
2018	$339,985	$383,806	$1,443,326	$-43,821

PROMISE LAND COMMUNITY DEVELOPMENT