HOMESAVERS COUNCIL OF GREENFIELD GARDENS INC

EIN: 043198957 501(c)(3)

GREENFIELD, MA

Total Revenue
$2,643,641
Total Expenses
$3,162,010
Total Assets
$17,732,068
Net Assets
$4,805,878
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MA
Principal Officer
ANDREA GOLDMAN
Phone
4137728710
Tax Period
2020-10-01 to 2021-09-30

HOMESAVERS COUNCIL OF GREENFIELD GARDENS INC, founded in 1996, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2020. Revenue decreased 8% compared to the prior year. Expenses of $3.2M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO IMPROVE THE PHYSICAL & SOCIAL CONDITIONS FOR THE RESIDENTS AT GREENFIELD GARDENS & TO OWN, MAINTAIN & DEVELOP AFFORDABLE HOUSING FOR LOW & MODERATE INCOME FAMILIES.

Program Service Accomplishments

Program 1
Expenses: $2,665,647 Revenue: $2,628,303

TO PROVIDE AFFORDABLE HOUSING AND RESIDENT SERVICES PROGRAM TO LOW INCOME FAMILIES. THERE ARE 202 APARTMENTS WITH 65% OCCUPIED BY FAMILIES WITH CHILDREN AND THE REST ARE ONE BEDROOMS OCCUPIED BY...

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TO PROVIDE AFFORDABLE HOUSING AND RESIDENT SERVICES PROGRAM TO LOW INCOME FAMILIES. THERE ARE 202 APARTMENTS WITH 65% OCCUPIED BY FAMILIES WITH CHILDREN AND THE REST ARE ONE BEDROOMS OCCUPIED BY ELDERLY TENANTS, DISABLED TENANTS OR NEAR ELDERLY TENANTS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,621,507
Investment Income $6,682
Other Revenue $15,452
TOTAL REVENUE $2,643,641

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,665,647
Other Expenses $3,162,010
TOTAL EXPENSES $3,162,010

Year-over-Year Comparison

2020 2019 Change
Revenue $2,643,641 $2,875,256 -0.1%
Expenses $3,162,010 $2,725,607 +0.2%
Net Income $-518,369 $149,649 -4.5%
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
7
Independent Members
7
Employees
N/A
Volunteers
7

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREA GOLDMAN PRESIDENT 0.50
Officer Director
$0 $0 $0
APRIL PAGE SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
PAUL PLANKEY MEMBER 0.50
Director
$0 $0 $0
CHRISTOPHER HEMMINGWAY MEMBER 0.50
Director
$0 $0 $0
TOCARRA JOHNSON MEMBER 0.50
Director
$0 $0 $0
WALTER WHITE MEMBER 0.50
Director
$0 $0 $0
DEDRA LEWIS MEMBER 0.50
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
2021 $2,643,641 $3,162,010 $17,732,068 $-518,369
2020 $2,875,256 $2,725,607 $18,039,607 $149,649
2019 $2,199,979 $2,318,514 $17,938,473 $-118,535
2018 $2,152,250 $2,285,550 $8,996,240 $-133,300
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