GIRARD LUTHERAN HOUSING CORPORATION

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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

2006

Legal Domicile

Principal Officer

SARAH ISRAEL

Phone

4123669490

Tax Period

2022-07-01 to 2023-06-30

GIRARD LUTHERAN HOUSING CORPORATION, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $315K in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $406K exceeded revenue, resulting in a 29% operating deficit.

Mission

LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED

Program Service Accomplishments

Program 1

Expenses: $354,162 Revenue: $152,814

GIRARD LUTHERAN HOUSING CORPORATION D/B/A MARTIN'S LANDING (THE "CORPORATION") OPERATES A 36-UNIT APARTMENT COMPLEX LOCATED IN ERIE COUNTY, PENNSYLVANIA UNDER SECTION 202 OF THE NATIONAL HOUSING ACT (THE "ACT"), WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY INDIVIDUALS. THE CORPORATION IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") WITH RESPECT TO RENTAL CHARGES, OPERATING EXPENSES, DISTRIBUTIONS TO OFFICERS OR DIRECTORS, AND OPERATING METHODS. THE LUTHERAN SERVICE SOCIETY OF WESTERN PENNSYLVANIA ("LSS") IS THE SOLE MEMBER OF THE CORPORATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $158,417

Program Service Revenue $150,109

Investment Income $4,242

Other Revenue $2,705

TOTAL REVENUE $315,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $65,882

Fundraising Expenses $0

Program Expenses $354,162

Other Expenses $340,378

TOTAL EXPENSES $406,260

Year-over-Year Comparison

	2022	2021	Change
Revenue	$315,473	$272,955	+0.2%
Expenses	$406,260	$410,011	0.0%
Net Income	$-90,787	$-137,056	-0.3%

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

N/A

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

$674,427

Total Directors

$363,343

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY L CARRAWAY	CFO	1.00	Officer Director	$0	$32,825	$255,687
WAYNE FRANZEN	TREASURER	1.00	Director	$0	$0	$0
SARAH ISRAEL	ADMINISTRATOR	36.00	Director	$0	$22,779	$107,656
REV DR GARY NELSON	DIRECTOR	1.00	Director	$0	$0	$0
R BRANDON JAMES	DIRECTOR	1.00	Director	$0	$0	$0
DAVID J FENOGLIETTO	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$39,302	$418,740

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$315,473	$406,260	$2,719,694	$-90,787
2022	$272,955	$410,011	$2,868,546	$-137,056
2021	$267,326	$380,741	$2,955,678	$-113,415
2020	$264,235	$363,887	$3,035,346	$-99,652
2019	$264,091	$371,510	$3,078,053	$-107,419
2018	$243,343	$386,662	$3,169,519	$-143,319