GRANT MANOR HOMEOWNERS ASSOCIATION INC (EIN 043166292) - 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

1989

Legal Domicile

Principal Officer

JESSIE CARTER

Phone

6174423765

Tax Period

2024-01-01 to 2024-12-31

GRANT MANOR HOMEOWNERS ASSOCIATION INC, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $116K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $147K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS THROUGH; ELDERY TENANT SUPPORT ACTIVITIES, WORK PROGRAMS, ORGANIZING A REGULAR FOOD PANTRY, AND ORGANIZING PROMOTING TENANT HOLIDAY EVENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $115,931

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $115,931

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $83,710

Fundraising Expenses $0

Program Expenses $143,466

Other Expenses $59,357

TOTAL EXPENSES $147,067

Year-over-Year Comparison

	2024	2023	Change
Revenue	$115,931	$143,771	-0.2%
Expenses	$147,067	$132,795	+0.1%
Net Income	$-31,136	$10,976	-3.8%

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

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

$7,500

Total Directors

$83,710

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PRONESSA GAINES	DIRECTOR	1.00	Director	$76,210	$0	$76,210
JESSIE CARTER	VICE PRESIDENT	1.00	Officer Director	$7,500	$0	$7,500
DEIDRE CARTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDSAY WILKINSON-CARTER	DIRECTOR	1.00	Officer Director	$0	$0	$0
MARTHA BAILEY	TREASURER	1.00	Officer Director	$0	$0	$0
EDNA SMALLWOOD	VICE PRESIDENT	1.00	Director	$0	$0	$0
LILLIAN OLIVER	CLERK	1.00	Director	$0	$0	$0
ASHLEY MENDEZ	ASSISTANT CLERK	1.00	Director	$0	$0	$0
GEORGIA ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE CARTER	DIRECTOR	1.00	Director	$0	$0	$0
GEJU BROWN	DIRECTOR	1.00	Director	$0	$0	$0
YANIRIS CRUZ	DIRECTOR	1.00	Director	$0	$0	$0
DIANE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MAYRA VALDEZ	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	$115,931	$147,067	$24,746,444	$-31,136
2023	$143,771	$132,795	$21,874,266	$10,976
2022	$104,795	$97,470	$20,392,283	$7,325
2021	$43,900	$67,846	$18,819,191	$-23,946
2020	$69,353	$64,166	$17,401,755	$5,187
2019	$80,894	$75,994	$17,734,687	$4,900
2018	$72,660	$74,743	$18,255,338	$-2,083

GRANT MANOR HOMEOWNERS ASSOCIATION INC