The Gray House Inc

EIN: 042783515 501(c)(3)

Springfield, MA

Total Revenue
$751,315
Total Expenses
$392,000
Total Assets
$1,651,766
Net Assets
$1,639,643
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MA
Phone
4137346696
Tax Period
2024-10-01 to 2025-09-30

The Gray House Inc, founded in 1981, is a small nonprofit that reported $751K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $359K, a strong 48% operating margin.

Mission

The mission of the gray house is to help its neighbors facing hardships to meet their immediate and transitional needs by providing food, clothing, and educational services in a safe, positive environment in the north end of springfield.

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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 (2024)

Revenue Breakdown

Contributions & Grants $719,861
Program Service Revenue $1,250
Investment Income $15,414
Other Revenue $14,790
TOTAL REVENUE $751,315

Expense Breakdown

Grants Paid $0
Salaries & Benefits $267,612
Fundraising Expenses $22,513
Program Expenses $289,921
Other Expenses $124,388
TOTAL EXPENSES $392,000

Year-over-Year Comparison

2024 2023 Change
Revenue $751,315 $632,557 +0.2%
Expenses $392,000 $409,014 0.0%
Net Income $359,315 $223,543 +0.6%
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
9
Independent Members
9
Employees
10
Volunteers
150

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
5
$72,854
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Isabella Brady-Prankus Executive Dir. 40.00
Officer
$72,854 $0 $72,854
Meg Beturne Director 1.00
Director
$0 $0 $0
Amy Lomascolo Director 1.00
Director
$0 $0 $0
Stephen Holstrom Vice President 1.00
Officer Director
$0 $0 $0
Luz Mercado Director 1.00
Director
$0 $0 $0
James Montemayor President 1.00
Officer Director
$0 $0 $0
Jennifer Putnam Director 1.00
Director
$0 $0 $0
Tom Shea Treasurer 1.00
Officer Director
$0 $0 $0
Barbara Spear Clerk 1.00
Officer Director
$0 $0 $0
Carlton Spear 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
2025 $751,315 $392,000 $1,651,766 $359,315
2024 $632,557 $409,014 $1,294,499 $223,543
2023 $589,099 $426,186 $1,053,794 $162,913
2022 $470,496 $346,667 $888,884 $123,829
2021 $507,386 $307,939 $761,571 $199,447
2020 $363,998 $282,937 $578,463 $81,061
2019 $284,235 $276,533 $472,263 $7,702
2018 $290,679 $251,048 $460,478 $39,631
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