Graystone Hills Community Assocation

EIN: 205110400 Housing & Shelter

Conroe, TX

Total Revenue
$599,000
Total Expenses
$884,833
Total Assets
$599,014
Net Assets
$63,693
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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
TX
Principal Officer
Timothy Allman
Phone
9367560032
Tax Period
2023-01-01 to 2023-12-31

Graystone Hills Community Assocation, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $599K in total revenue in fiscal year 2023. Expenses of $885K exceeded revenue, resulting in a 48% operating deficit.

Mission

To promote health, safefy and welfare of the community.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $587,251
Program Service Revenue $0
Investment Income $557
Other Revenue $11,192
TOTAL REVENUE $599,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $830,148
Other Expenses $884,833
TOTAL EXPENSES $884,833

Year-over-Year Comparison

2023 2022 Change
Revenue $599,000 $602,174 0.0%
Expenses $884,833 $833,267 +0.1%
Net Income $-285,833 $-231,093 +0.2%
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

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Governance

Voting Members
5
Independent Members
5
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
4
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Justin Gibbs President 5.00
Officer
$0 $0 $0
Gregory Ellison Vice President 5.00
Officer
$0 $0 $0
Eric Comstock Secretary 5.00
Officer
$0 $0 $0
Timothy Allman Treasurer 5.00
Officer
$0 $0 $0
Marcus Wilson Member at Large 5.00
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 $599,000 $884,833 $599,014 $-285,833
2022 $602,174 $833,267 $603,442 $-231,093
2021 $612,085 $488,921 $756,956 $123,164
2020 $597,923 $446,624 $734,695 $151,299
2019 $593,174 $477,663 $511,896 $115,511
2018 $564,473 $410,146 $295,205 $154,327
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