WEST ANGELES COMMUNITY DEVELOPMENT… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

BELINDA ALLEN

Phone

3237513440

Tax Period

2023-01-01 to 2023-12-31

WEST ANGELES COMMUNITY DEVELOPMENT CORPORATION, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

PUBLIC BENEFIT ORGANIZATION. TO RAISE ECONOMIC, EDUCATION AND SOCIAL LEVELS OF THE COUNTY OF LOS ANGELES AND ADJACENT COMMUNITIES. ITS PRIMARY ACTIVITIES ARE TO DEVELOP AND REHABILITATE AFFORDABLE, LOW INCOME AND MIXED INCOME HOUSING FOR THE UNDEREMPLOYED.

Program Service Accomplishments

Program 1

Expenses: $1,668,961 Revenue: $306,894

NEIGHBORHOOD REDEVELOPMENT PROGRAMS: TO RAISE ECONOMIC, EDUCATION AND SOCIAL LEVELS OF THE COUNTY OF LOS ANGELES AND ADJACENT COMMUNITIES. ITS PRIMARY ACTIVITIES ARE TO DEVELOP AND REHABILITATE...

NEIGHBORHOOD REDEVELOPMENT PROGRAMS: TO RAISE ECONOMIC, EDUCATION AND SOCIAL LEVELS OF THE COUNTY OF LOS ANGELES AND ADJACENT COMMUNITIES. ITS PRIMARY ACTIVITIES ARE TO DEVELOP AND REHABILITATE AFFORDABLE, LOW AND MIXED-INCOME HOUSING FOR THE UNDEREMPLOYED, OR THOSE WHOSE INCOME IS BELOW THE FEDERAL POVERTY LEVEL. ACTIVITIES INCLUDE PROVIDING THE FOLLOWING: COUNSELING; VOCATIONAL TRAINING; AND EMERGENCY ASSISTANCE TO INDIVIDUALS (25,000 CLIENTS).

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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 $2,279,367

Program Service Revenue $270,661

Investment Income $11,726

Other Revenue $-485,783

TOTAL REVENUE $2,075,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $969,457

Fundraising Expenses $180,685

Program Expenses $1,668,961

Other Expenses $1,207,694

TOTAL EXPENSES $2,206,016

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,075,971	$2,866,406	-0.3%
Expenses	$2,206,016	$2,313,866	0.0%
Net Income	$-130,045	$552,540	-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

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

$141,154

Total Directors

$271,154

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR BELINDA ALLEN	EXECUTIVE DIRECTOR	40.00	Officer Director	$136,738	$4,416	$141,154
CANDIDA MOBLEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BISHOP CHARLES E BLAKE	CHARIMAN EMERITUS	1.00	Officer Director	$0	$0	$0
PASTOR CHARLES E BLAKE II	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRENCE PAYNE	BOARD MEMBER	1.00	Director	$0	$0	$0
GREGORY L JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
AMY GUMBS	PAST BOARD MEMBER	1.00	Director	$0	$0	$0
SHERYL CAREY HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
WINSTON JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GWEN AUSTIN-COLLINS	BOARD MEMBER	1.00	Director	$0	$0	$0
MABLEAN EPHRIAMESQ	TREASURER	1.00	Officer Director	$0	$0	$0
BYRON K REED	CHAIR	1.00	Officer Director	$0	$0	$0
ANNE C SMITH ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
DR GIOVANNA BRASFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
DR DESIREE TILLMAN-JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
DR LULA BALLTON	CEO EMERITUS	25.00	Director	$130,000	$0	$130,000
PAIGE HOPKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
MOHAMED NDOYE	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$2,075,971	$2,206,016	$13,590,536	$-130,045
2022	$2,866,406	$2,313,866	$13,773,366	$552,540
2021	$3,236,149	$2,470,706	$13,805,345	$765,443
2020	$2,529,566	$2,227,111	$13,256,319	$302,455
2019	$2,274,546	$2,293,019	$12,648,421	$-18,473
2018	$2,488,024	$2,206,695	$12,629,392	$281,329

WEST ANGELES COMMUNITY DEVELOPMENT CORPORATION