GREEN CLOTH APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION (EIN 204573275) - 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

2006

Legal Domicile

Principal Officer

YVONNE STENNETT

Tax Period

2023-01-01 to 2023-12-31

GREEN CLOTH APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $174K in total revenue in fiscal year 2023. Expenses of $262K exceeded revenue, resulting in a 50% operating deficit.

Mission

GREEN CLOTH APARTMENTS HAS BEEN ORGANIZED EXCLUSIVELY TO DEVELOP, ON A NON-PROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.

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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 $174,436

Investment Income $46

Other Revenue $0

TOTAL REVENUE $174,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $244,804

Other Expenses $262,074

TOTAL EXPENSES $262,074

Year-over-Year Comparison

	2023	2022	Change
Revenue	$174,482	$173,389	+0.0%
Expenses	$262,074	$347,962	-0.2%
Net Income	$-87,592	$-174,573	-0.5%

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

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
INGRID GOMEZ	TREASURER	1.00	Director	$0	$0	$0
YVONNE STENNETT	SECRETARY	1.00	Director	$0	$0	$0
VIVIAN WEEKS	PRESIDENT	1.00	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	$174,482	$262,074	$1,596,631	$-87,592
2022	$173,389	$347,962	$1,646,330	$-174,573
2021	$175,660	$287,886	$1,816,109	$-112,226
2020	$177,002	$251,166	$1,923,322	$-74,164
2019	$153,995	$224,996	$2,054,308	$-71,001
2018	$143,727	$229,241	$2,138,953	$-85,514

GREEN CLOTH APARTMENTS HOUSING DEVELOPMENT FUND CORPORATION