Catalyst Development Corporation EIN 81-4930735

Catalyst Development Corporation

EIN  81-4930735 Public charity (501(c)(3)) Savannah, GA
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/4/26 · see original filing: IRS
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Size
$1–10M
What they do
Provides affordable housing, financial services, and education to improve economic health for low-income residents.
Leadership
Dwayne Marshall · Exec Directo · $27K
Money in and out
$2.1M revenue, $206K expenses
Bottom line
75% program efficiency

Provides affordable housing, financial services, and education to improve economic health for low-income residents. For fiscal year 2024 it reported $2.1M in revenue, $206K in expenses, and $2.1M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$206K
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.9M
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.25
Program efficiency
75%
of spending reaches programs
Surplus margin
+90%
revenue over expenses, this year▲ ×13 vs prior filing year
Revenue trend
+64%
avg. annual growth over 5 years

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.1M
FY2024▲ ×11
Expenses
$206K
FY2024▲ +34%
Total assets
$2.7M
FY2024▲ +387%
Total liabilities
$510K
FY2024▲ +72%
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$206K
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.9M
Total assetsPt X · Ln 16$2.7M
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $155K of program spending, described in the organization's own filed words · FY2024.
01

Build the capacity of community development financial institutions to provide responsible products and services to the people, communities, and organizations.

$155Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCatalyst Development Corporation
EINHdr · item D81-4930735
Principal addressHdr · item CSavannah, GA
WebsiteHdr · item Jcatalyst4people.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L20)
Ruling yearIRS BMFDec 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Exec Directo
$26,791Pt VII · Sec A
Exec Directo
$10,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Dwayne Marshall’s $27K as Exec Directo is at the 3rd percentile of top reported officer pay among 2025 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Robert E James II$27,500$30,000$32,500
Kenneth J Rance$10,000$27,500$16,250
Dwayne Marshall$26,791

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$2.1M · 99%
Investment income$22K · 1%
Contributions & grants99%$2.1M
Investment income1%$22K
Other revenue$4K
— government grantsLn 1e$148K
Total revenueLn 12$2.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.25
Program services75%$155K
Management & general25%$51K
Total functional expensesLn 25$206K

Balance Sheet

Part X · end of year
CashLn 1$528K
Total assetsLn 16$2.7M
Total liabilitiesLn 26$510K
Total net assetsLn 32$2.1M
Months of cash on handcomputed30.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $528K · Operating expenses (Pt IX) $206K · Less non-cash grants $1.8M · Cash operating expenses/yr $-1.6M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $155K · Total expenses $206K
75%
Management & General
Management & general $51K · Total expenses $206K
25%
Fundraising
Fundraising $0 · Total expenses $206K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $956K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2.1M · Total revenue $2.1M
99%
Government reliance
Government grants $148K · Total revenue $2.1M
7%
Earned-income share
Program service revenue $0 · Total revenue $2.1M
0%
Investment reliance
Investment income $22K · Total revenue $2.1M
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $206K
0%
Growth & trend
Revenue growth (YoY)
This year $2.1M · Prior year $186K
×11
Revenue CAGR
FY2020 $289K · FY2024 $2.1M
+64%
Net-asset trend (YoY)
End of year $2.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.1M · Expenses $206K
+90%
Liabilities-to-Assets
Total liabilities — · Total assets $2.7M
Net-asset ratio
Net assets $2.1M · Total assets $2.7M
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.7M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dwayne Marshall · Reported title EXEC DIRECTO · Highest reported compensation $27K · Total expenses $206K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $37K · Total expenses $206K
18%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 25%
Fundraising cost ratio 0%
Revenue growth ×11
Legal fee ratio 4%
Accounting fee ratio 8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.1M revenue · viewing · ⤓ 990 PDF
FY2023$186K revenue · ⤓ 990 PDF
FY2022$9K revenue · ⤓ 990 PDF
FY2021$253K revenue · ⤓ 990 PDF
FY2020$289K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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