GOOD SHEPHERD HOUSING CORPORATION

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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

2005

Legal Domicile

Principal Officer

CHRISTOPHER P WIDMAN

Phone

4199371801

Tax Period

2023-01-01 to 2023-12-31

GOOD SHEPHERD HOUSING CORPORATION, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $173K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $206K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO UTILIZE A $1,311,700 CAPITAL ADVANCE GRANT AND ONGOING OPERATING SUPPORT FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") UNDER HUD'S SECTION 202 PROGRAM TO PROVIDE INDEPENDENT RESIDENTIAL LIVING FACILITIES TO ELDERLY INDIVIDUALS WHO ARE OF LOW INCOME. THE ACTIVITIES TO BE UNDERTAKEN IN PURSUIT OF THIS PURPOSE WILL PRIMARILY INCLUDE THE OWNERSHIP, CONSTRUCTION, DEVELOPMENT AND OPERATION OF A ONE-STORY, WOODFRAMED HOUSING FOR THE ELDERLY PROJECT CONTAINING FOURTEEN (14) ONE-BEDROOM APARTMENT UNITS, INCLUDING COMMON HALLWAY, KITCHENETTE, LOBBY AND LAUNDRY AREAS. THE PROJECT, TO BE WHOLLY-OWNED AND DEVELOPED BY GOOD SHEPHERD HOUSING CORPORATION, WILL BE PART OF AN APPROXIMATE 30-ACRE NURSING-HOME/ASSISTED-LIVING CAMPUS LOCATED IN FOSTORIA, SENECA COUNTY, OHIO AND COMMONLY KNOWN AS THE GOOD SHEPHERD HOME.

Program Service Accomplishments

Program 1

Expenses: $126,829 Revenue: $167,978

TO PROVIDE INDEPENDENT RESIDENTIAL LIVING FACILITIES TO ELDERLY INDIVIDUALS WHO ARE OF LOW INCOME.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $166,781

Investment Income $4,698

Other Revenue $1,197

TOTAL REVENUE $172,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,455

Fundraising Expenses $0

Program Expenses $126,829

Other Expenses $121,243

TOTAL EXPENSES $205,698

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,676	$159,568	+0.1%
Expenses	$205,698	$210,730	0.0%
Net Income	$-33,022	$-51,162	-0.4%

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

$301,437

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER P WIDMAN	EXECUTIVE DIRECTOR	5.0	Officer	$18,000	$32,588	$301,437
PAUL MYERS	CHAIRPERSON	1.0	Officer Director	$0	$0	$0
GARY STRAUSBAUGH	TRUSTEE	1.0	Director	$0	$0	$0
JEANENE PIFER	TREASURER	1.0	Officer Director	$0	$0	$0
THERESE CLOUSE	SECRETARY	1.0	Officer Director	$0	$0	$0
CHARLES KNIGHT	VICE CHAIRPERSON	1.0	Officer Director	$0	$0	$0
PETE DICESARE	TRUSTEE	1.0	Director	$0	$0	$0
SHERI SAMPSON	TRUSTEE	1.0	Director	$0	$0	$0
BARBARA WILCH	TRUSTEE	1.0	Director	$0	$0	$0
DIANE LIND	TRUSTEE	1.0	Director	$0	$0	$0
JACK JOHNSON	TRUSTEE	1.0	Director	$0	$0	$0
JIM SHRECK	TRUSTEE	1.0	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	No data	No data	No data	No data
2023	$172,676	$205,698	$1,071,182	$-33,022
2022	$159,568	$210,730	$1,097,319	$-51,162
2021	$148,091	$211,312	$1,130,412	$-63,221
2020	$164,085	$190,733	$1,154,440	$-26,648
2019	$157,951	$181,271	$1,173,819	$-23,320
2018	$136,188	$190,039	$1,197,505	$-53,851