Gilman Housing Trust Inc (EIN 030301520) - 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

Formation Year

1992

Legal Domicile

Principal Officer

Patrick Shattuck

Phone

8024733925

Tax Period

2023-01-01 to 2023-12-31

Gilman Housing Trust Inc, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $9.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 15% operating margin.

Mission

To develop, own and manage affordable residential housing units and related facilities for qualified low-income families.

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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 $4,805,783

Program Service Revenue $4,762,062

Investment Income $19,332

Other Revenue $0

TOTAL REVENUE $9,587,177

Expense Breakdown

Grants Paid $22,991

Salaries & Benefits $3,139,997

Fundraising Expenses $0

Program Expenses $7,158,434

Other Expenses $4,962,404

TOTAL EXPENSES $8,125,392

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,587,177	$8,401,434	+0.1%
Expenses	$8,125,392	$7,102,344	+0.1%
Net Income	$1,461,785	$1,299,090	+0.1%

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

$279,546

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim O'Neill	President	1.00	Officer Director	$0	$0	$0
Patricia Sears	Vice President	1.00	Officer Director	$0	$0	$0
Nikole Brainard	Treasurer	1.00	Officer Director	$0	$0	$0
Loraine Janowski	Secretary	1.00	Officer Director	$0	$0	$0
Bobby Farlice-Rubio	Director	1.00	Director	$0	$0	$0
Kimico Perry	Director	1.00	Director	$0	$0	$0
Reverend Dr Jeff Potter	Director	1.00	Director	$0	$0	$0
Kelsey Stavseth	Director	1.00	Director	$0	$0	$0
Terri Lynn Williams	Director	1.00	Director	$0	$0	$0
Jennifer Cleveland	Past Director	1.00	Director	$0	$0	$0
Scott Campbell	Past Director	1.00	Director	$0	$0	$0
Patrick Shattuck	Executive Director	40.00	Officer	$125,747	$22,748	$148,495
Diana Cazaudumec	Director of Finance and Compliance	40.00	Officer	$110,383	$20,668	$131,051

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	$9,587,177	$8,125,392	$26,142,035	$1,461,785
2022	$8,401,434	$7,102,344	$23,402,374	$1,299,090
2021	$7,737,741	$5,480,797	$22,742,155	$2,256,944
2020	$8,136,395	$6,309,644	$19,327,482	$1,826,751
2019	$3,256,133	$3,247,767	$13,666,948	$8,366
2018	$3,628,300	$3,546,550	$13,385,044	$81,750

Gilman Housing Trust Inc