Skid Row Development Corporation (EIN 953288131) - 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

Phone

2136237130

Tax Period

2022-07-01 to 2023-06-30

Skid Row Development Corporation is a small nonprofit in the Housing & Shelter sector that reported $784K in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 58% operating deficit.

Mission

THE PRINCIPAL PURPOSE OF THE SKID ROW DEVELOPMENT CORPORATION IS TO INCREASE ECONOMIC DEVELOPMENT OPPORTUNITIES AND SOCIAL SERVICES TO THE COMMUNITY DIRECTLY EAST OF DOWNTOWN LOS ANGELES, COMMONLLY KNOWN AS "SKID ROW". THIS PURPOSE SHALL BE SERVED BY PROVIDING HOUSING AND ECONOMIC DEVELOPMENT SERVICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $186,314

Program Service Revenue $596,250

Investment Income $0

Other Revenue $1,403

TOTAL REVENUE $783,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $745,283

Fundraising Expenses $0

Program Expenses $1,164,681

Other Expenses $494,704

TOTAL EXPENSES $1,239,987

Year-over-Year Comparison

	2022	2021	Change
Revenue	$783,967	$1,222,652	-0.4%
Expenses	$1,239,987	$1,397,775	-0.1%
Net Income	$-456,020	$-175,123	+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

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

$76,156

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marcia Reddy	CEO	40.00	Officer	$76,156	$0	$76,156
Robert Pratt	Chairman	0.00	Officer Director	$0	$0	$0
Anita Nelson	Treasurer	0.00	Officer Director	$0	$0	$0
Marcus Butler	Board Member	0.00	Director	$0	$0	$0
Roy Gardener	Board Member	0.00	Director	$0	$0	$0
Nancy Huntington	Secretary	0.00	Officer Director	$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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$783,967	$1,239,987	$266,051	$-456,020
2022	$1,222,652	$1,397,775	$316,368	$-175,123
2021	$1,084,551	$1,393,636	$391,374	$-309,085
2020	$1,210,796	$1,422,334	$431,343	$-211,538
2019	$1,109,708	$1,345,730	$144,196	$-236,022
2018	$884,328	$1,050,089	$108,292	$-165,761

Skid Row Development Corporation