CHARITABLE GIFT FOUNDATION FKA CHARITABLE REAL ESTATE FOUNDATION (EIN 201560119) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

GEORGE GASKIN

Phone

2053273805

Tax Period

2023-01-01 to 2023-12-31

CHARITABLE REAL ESTATE FOUNDATION, founded in 2006, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $7K in total revenue in fiscal year 2018. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $7K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE CHARITABLE REAL ESTATE FOUNDATION IS A PUBLIC CHARITY OPERATING IN AFFILIATION WITH THE COMMUNITY FOUNDATION OF GREATER BIRMINGHAM. THE PRIMARY PURPOSE OF THE FOUNDATION IS TO ASSIST OTHER CHARITIES WITH DONATIONS OF REAL PROPERTY IN AN EFFORT TO MINIMIZE LIABILITIES AND RISKS TO THOSE CHARITIES, TO MAXIMIZE THE VALUE RECEIVED FROM THE DONATIONS, AND TO ENCOURAGE ADDITIONAL DONATIONS OF REAL PROPERTY AS A BENEFIT TO THE RESIDENTS OF GREATER BIRMINGHAM.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,426

Other Expenses $14,426

TOTAL EXPENSES $14,426

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$-156,563	-1.0%
Expenses	$14,426	$17,469	-0.2%
Net Income	N/A	$-174,032	N/A

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

$106,508

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIRGINIA BOLIEK	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT SCHULER	BOARD MEMBER	1.00	Director	$0	$0	$0
WILMER POYNOR	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE GASKIN	EXECUTIVE DIRECTOR	1.00	Officer	$0	$5,643	$106,508

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	No data	No data	No data	No data
2023	No data	$14,426	$5,301	No data
2022	$-156,563	$17,469	$8,770	$-174,032
2021	No data	$17,945	$182,802	No data
2020	$-40,280	$279,460	$200,075	$-319,740
2019	$6,675	$7,313	$517,889	$-638
2018	$6,710	$7,419	$517,889	$-709

CHARITABLE GIFT FOUNDATION FKA CHARITABLE REAL ESTATE FOUNDATION