BROOKHAVEN HOUSING CORPORATION (EIN 043705998) - 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

2002

Legal Domicile

Principal Officer

CANDACE TIMMERMAN

Phone

8035361056

Tax Period

2024-10-01 to 2025-09-30

BROOKHAVEN HOUSING CORPORATION, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $125K in total revenue in fiscal year 2024. Expenses of $140K exceeded revenue, resulting in a 12% operating deficit.

Mission

BROOKHAVEN HOUSING CORPORATION IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 12-UNIT COMMUNITY KNOWN AS BROOKHAVEN MANOR LOCATED IN GAFFNEY, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR PERSONS WITH DISABILITIES. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $76,883

Program Service Revenue $42,250

Investment Income $1,106

Other Revenue $5,030

TOTAL REVENUE $125,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,813

Other Expenses $140,247

TOTAL EXPENSES $140,247

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,269	$123,792	+0.0%
Expenses	$140,247	$141,265	0.0%
Net Income	$-14,978	$-17,473	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN THOMAS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DENISE FRANKLIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JIM BOYD	TREASURER	1.00	Officer Director	$0	$0	$0
ALYSON RAINEY	DIRECTOR	1.00	Director	$0	$0	$0
BRITT GILLESPIE	DIRECTOR	1.00	Director	$0	$0	$0
IRENE HAMILTON-JONES	DIRECTOR	1.00	Director	$0	$0	$0
MARK O'ROURKE	DIRECTOR	1.00	Director	$0	$0	$0
JACK READ	DIRECTOR	1.00	Director	$0	$0	$0
LESLEE O'KELLY	DIRECTOR	1.00	Director	$0	$0	$0
JULIA MULLEN	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA SALVINI	DIRECTOR	1.00	Director	$0	$0	$0
GARY STANCELL	DIRECTOR	1.00	Director	$0	$0	$0
NAOMI RUSKTIKOVA	DIRECTOR	1.00	Director	$0	$0	$0
CANDACE TIMMERMAN	PRESIDENT	40.00	Officer	$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	$125,269	$140,247	$461,543	$-14,978
2024	$123,792	$141,265	$463,323	$-17,473
2023	$123,420	$120,770	$470,478	$2,650
2022	$126,203	$129,343	$478,939	$-3,140
2021	$135,153	$105,671	$520,986	$29,482
2020	$115,763	$110,510	$502,809	$5,253
2019	$109,967	$137,217	$504,136	$-27,250

BROOKHAVEN HOUSING CORPORATION