GUILFORD DEVELOPMENT CORPORATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

THOMAS GOULETTE

Phone

2078764239

Tax Period

2024-01-01 to 2024-12-31

GUILFORD DEVELOPMENT CORPORATION, founded in 1971, is a small nonprofit that reported $313K in total revenue in fiscal year 2024.

Mission

TO PROVIDE SAFE AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME SENIORS OR DISABLED PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $296,278 Revenue: $304,828

TO PROVIDE SAFE AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME SENIORS AND DISABLED PEOPLE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $304,828

Investment Income $247

Other Revenue $8,002

TOTAL REVENUE $313,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,096

Fundraising Expenses $0

Program Expenses $296,278

Other Expenses $242,757

TOTAL EXPENSES $314,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$313,077	$318,628	0.0%
Expenses	$314,853	$327,184	0.0%
Net Income	$-1,776	$-8,556	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONICA APPLEBEE	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA BRACKETT	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY DEANE	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS DOUGLASS	DIRECTOR	1.00	Director	$0	$0	$0
LINDA GILBERT	TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS GOULETTE	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID LITTLEFIELD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CAROL REED	SECRETARY	1.00	Officer Director	$0	$0	$0
FRANK RUKSZNIS	DIRECTOR	1.00	Director	$0	$0	$0
CODY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
CAROL THOMAS	DIRECTOR	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	$313,077	$314,853	$571,007	$-1,776
2023	$318,628	$327,184	$606,935	$-8,556
2022	$332,939	$330,738	$647,797	$2,201
2021	$333,921	$337,991	$673,668	$-4,070
2020	$337,896	$353,766	$721,714	$-15,870
2019	$345,789	$346,876	$772,093	$-1,087
2018	$345,209	$342,200	$809,565	$3,009