WESLEY COMMUNITY DEVELOPMENT CORPORATION (EIN 943427437) - 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

2002

Legal Domicile

Principal Officer

JOEL GILLAND

Phone

9804415123

Tax Period

2023-01-01 to 2023-12-31

WESLEY COMMUNITY DEVELOPMENT CORPORATION, founded in 2002, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $1.9M left a modest 12% surplus.

Mission

WESLEY COMMUNITY DEVELOPMENT IS AN INNOVATIVE, FULL-SERVICE, NON-PROFIT REAL ESTATE FIRM UNIQUELY QUALIFIED TO PARTNER WITH FAITH-BASED ORGANIZATIONS IN HELPING THEM REIMAGINE, REPURPOSE, AND REDEVELOP THEIR PHYSICAL ASSETS TO LIVE INTO THEIR VISION.

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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 $590,890

Program Service Revenue $1,482,552

Investment Income $67,356

Other Revenue $6,960

TOTAL REVENUE $2,147,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,143,258

Fundraising Expenses $0

Program Expenses $1,601,934

Other Expenses $737,224

TOTAL EXPENSES $1,880,482

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,147,758	$2,844,958	-0.2%
Expenses	$1,880,482	$1,898,338	0.0%
Net Income	$267,276	$946,620	-0.7%

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

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

$442,118

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV RANDOLPH HARRY	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
REV DAVID HIATT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
REV WILLETTA AR-RAHMAAN	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD WOODS	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP JONES	DIRECTOR	1.00	Director	$0	$0	$0
RICKY LEFFT	DIRECTOR	1.00	Director	$0	$0	$0
REV MARK KING	DIRECTOR	1.00	Director	$0	$0	$0
REV DON PETTIGREW	DIRECTOR	1.00	Director	$0	$0	$0
REV LYNDA FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
JOEL GILLAND	PRESIDENT/CEO	38.00	Officer	$252,593	$34,083	$286,676
BRANDI TURNER	VP OF FINANCE AND OPERATIONS	38.00	Officer	$129,010	$26,432	$155,442
CHADWICK BRANNAN	DIRECTOR OF CONSTRUCTION AND DEVELOPMENT	38.00	Highest	$132,046	$10,971	$143,017
MACK KING IV	SENIOR DIRECTOR OF REAL ESTATE SERVICES	38.00	Highest	$115,960	$22,931	$138,891

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	$2,147,758	$1,880,482	$4,882,884	$267,276
2022	$2,844,958	$1,898,338	$4,668,726	$946,620
2021	$1,723,905	$1,483,870	$3,766,768	$240,035
2020	$2,045,948	$1,527,436	$3,501,975	$518,512
2019	$1,360,143	$1,528,199	$2,994,819	$-168,056
2018	$510,683	$942,104	$3,195,708	$-431,421

WESLEY COMMUNITY DEVELOPMENT CORPORATION