GHF Residential Services

EIN: 208291517 501(c)(3) Community Improvement

Belfast, ME

Total Revenue
$54,863
Total Expenses
$72,750
Total Assets
$521,151
Net Assets
$506,771
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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
ME
Principal Officer
Keith Gibson
Phone
2073382080
Tax Period
2023-07-01 to 2024-06-30

GHF Residential Services, founded in 2006, is a micro nonprofit in the Community Improvement sector that reported $55K in total revenue in fiscal year 2023. Expenses of $73K exceeded revenue, resulting in a 33% operating deficit.

Mission

Provide housing opportunities for low income individuals with disabilities.

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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 $0
Program Service Revenue $54,840
Investment Income $23
Other Revenue $0
TOTAL REVENUE $54,863

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $59,143
Other Expenses $72,750
TOTAL EXPENSES $72,750

Year-over-Year Comparison

2023 2022 Change
Revenue $54,863 N/A N/A
Expenses $72,750 N/A N/A
Net Income $-17,887 $0 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

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
4

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
$395,140
Total Directors
5
$215,210
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Hooks Wayman President/CEO 0.10
Officer Director
$0 $96,584 $215,210
Brad MacDonald Director 0.10
Director
$0 $0 $0
Eric French Director 0.10
Director
$0 $0 $0
Courtney Pladsen Director 0.10
Director
$0 $0 $0
James Broder Director 0.10
Director
$0 $0 $0
Terry Baldwin COO 0.10
Officer
$0 $12,374 $143,236
Keith Gibson CFO & Treasurer/Secretary 0.10
Officer
$0 $0 $12,499
Pamela Zagorski Past CFO & Treasurer/Secretary 0.10
Officer
$0 $0 $24,195
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 No data No data No data No data
2024 $54,863 $72,750 $521,151 $-17,887
2020 $45,060 $66,522 $578,684 $-21,462
2019 $45,120 $61,034 $602,408 $-15,914
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