SHIELD OF FAITH ECONOMIC DEVELOPMENT CORP

EIN: 954676417 501(c)(3)

POMONA, CA

Total Revenue
$-89,441
Total Expenses
$119,522
Total Assets
$3,233,151
Net Assets
$2,393,591
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
CA
Principal Officer
JASON K SCOTT
Phone
8006367142
Tax Period
2018-01-01 to 2018-12-31

SHIELD OF FAITH ECONOMIC DEVELOPMENT CORP, founded in 1998, is a micro nonprofit that reported $89K in total revenue in fiscal year 2018. Revenue fell 121% from the prior year — a significant decline worth monitoring.

Mission

TO HELP IMPROVE THE QUALITY OF LIFE FOR ECONOMICALLY DISADVANTAGED PEOPLE BY PROVIDING QUALITY AFFORDABLE HOUSING, CAREER TRAINING, JOB PLACEMENT, LIFE SKILLS, COUNSELING SERVICES AND ACCESS TO RESOURCES IN THE COMMUNITY. OUR PRIMARY OBJECTIVES ARE TO PARTNER WITH COMMUNITY DEVELOPMENT AGENCIES AND COLLABORATE ON PROJECTS THAT WILL HELP BRING NEIGHBORHOOD REVITALIZATION TO UNDERSERVED AND BLIGHTED COMMUNITIES THROUGHOUT THE UNITED STATES.

Program Service Accomplishments

Program 1
Expenses: $75,176 Revenue: $-90,377

THE ORGANIZATION ACQUIRES, REHABILITATES, AND RESELLS LOW INCOME HOUSING PROPERTIES IN THE CITY OF POMONA.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $936
Program Service Revenue $5,370
Investment Income $0
Other Revenue $-95,747
TOTAL REVENUE $-89,441

Expense Breakdown

Grants Paid $0
Salaries & Benefits $50,097
Fundraising Expenses $0
Program Expenses $75,176
Other Expenses $69,425
TOTAL EXPENSES $119,522

Year-over-Year Comparison

2018 2017 Change
Revenue $-89,441 $435,883 -1.2%
Expenses $119,522 $144,923 -0.2%
Net Income $-208,963 $290,960 -1.7%
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

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Governance

Voting Members
5
Independent Members
3
Employees
1
Volunteers
6

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
3
$46,386
Total Directors
5
$46,386
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON K SCOTT PRESIDENT AND CEO 10.00
Officer Director
$42,161 $0 $42,161
JANETTE ALEXANDER V.P. & SECRETARY 1.00
Officer Director
$4,225 $0 $4,225
DARREN MADKIN DIRECTOR 1.00
Director
$0 $0 $0
KEITH FISHER DIRECTOR 1.00
Director
$0 $0 $0
MARIA SARAVIA DIRECTOR 1.00
Director
$0 $0 $0
ABIMBOLA A FAMUYIWA CFO 2.00
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
2018 $-89,441 $119,522 $3,233,151 $-208,963
2017 $435,883 $144,923 $3,442,114 $290,960
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