GLOUCESTER HOUSING INC (EIN 113841369) - 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

2008

Legal Domicile

Principal Officer

JO ANN SIMONS

Phone

9787624878

Tax Period

2024-07-01 to 2025-06-30

GLOUCESTER HOUSING INC, founded in 2008, is a micro nonprofit in the Housing & Shelter sector that reported $40K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $80K exceeded revenue, resulting in a 99% operating deficit.

Mission

HOLD REAL ESTATE FOR NORTHEAST ARC, AN AFFILIATED 501(C)(3) ORGANIZATION.

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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 $0

Program Service Revenue $40,135

Investment Income $83

Other Revenue $0

TOTAL REVENUE $40,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,421

Other Expenses $80,161

TOTAL EXPENSES $80,161

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,218	$53,167	-0.2%
Expenses	$80,161	$73,238	+0.1%
Net Income	$-39,943	$-20,071	+1.0%

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

$622,520

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE CUMMINGS	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
GEORGE HARRINGTON	TREASURER/DIRECTOR (UNTIL 5/2025)	1.00	Officer Director	$0	$0	$0
SHARI MUNRO	CLERK/DIRECTOR	1.00	Officer Director	$0	$0	$0
JO ANN SIMONS	CEO	1.00	Officer	$0	$213,914	$622,520

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	$40,218	$80,161	$547,922	$-39,943
2024	$53,167	$73,238	$559,259	$-20,071
2023	$34,003	$67,607	$572,824	$-33,604
2022	$47,062	$66,473	$591,900	$-19,411
2021	$47,697	$69,732	$613,309	$-22,035
2020	$53,397	$61,438	$623,041	$-8,041
2019	$32,274	$57,772	$627,710	$-25,498
2018	$35,369	$63,192	$648,225	$-27,823

GLOUCESTER HOUSING INC