QUINCY GENEVA HOUSING CORPORATION (EIN 222506604) - 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

1983

Legal Domicile

Principal Officer

STEVEN GODFREY

Phone

6174425711

Tax Period

2017-07-01 to 2018-06-30

QUINCY GENEVA HOUSING CORPORATION, founded in 1983, is a small nonprofit that reported $549K in total revenue in fiscal year 2017. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $738K exceeded revenue, resulting in a 34% operating deficit.

Mission

QGHC IS A MASSACHUSETTS NON-PROFIT CORPORATION, WHICH PRIMARILY PROVIDES FOR NEIGHBORHOOD DEVELOPMENT WITH CITIZEN INVOLVEMENT AND FOR DECENT, AFFORDABLE HOUSING OF DISPLACED OF INADEQUATELY RESIDENTS OF THE DORCHESTER/ROXBURY URBAN RENEWAL AREA OF THE CITY OF BOSTON. QGHC RECEIVES FUNDING THROUGH STATE AND PRIVATE AGENCIES. QGHC ALSO OPERATES YOUTH AND SOCIAL PROGRAMS FOR RESIDENTS OF THE SAME AREA AS MENTIONED ABOVE. QGHC ALSO USES THE NAMES QUINCY GENEVA HOUSING DEVELOPMENT CORPORATION AND NEW VISION CDC.

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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 (2017)

Revenue Breakdown

Contributions & Grants $25,647

Program Service Revenue $523,360

Investment Income $269

Other Revenue $0

TOTAL REVENUE $549,276

Expense Breakdown

Grants Paid $0

Salaries & Benefits $361,295

Fundraising Expenses $0

Program Expenses $385,123

Other Expenses $376,757

TOTAL EXPENSES $738,052

Year-over-Year Comparison

	2017	2016	Change
Revenue	$549,276	$450,027	+0.2%
Expenses	$738,052	$519,437	+0.4%
Net Income	$-188,776	$-69,410	+1.7%

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

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

$129,126

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MILTON SAMUELS	CHAIR	1.50	Officer Director	$0	$0	$0
ROBERT FRANCIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LEILA BREWSTER	TREASURUER	1.00	Officer Director	$0	$0	$0
GREGORY MURPHY	SECRETARY	0.50	Director	$0	$0	$0
WALTER LITTLE	DIRECTOR	0.25	Director	$0	$0	$0
WAYNE S DALEY	DIRECTOR	0.50	Director	$0	$0	$0
L PEARL HOLDER	DIRECTOR	0.50	Director	$0	$0	$0
SERGIO GONCALVES	DIRECTOR	0.50	Director	$0	$0	$0
STREVEN GODFREY	PRESIDENT CEO	40.00	Officer	$129,126	$0	$129,126

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
2018	$549,276	$738,052	$2,660,413	$-188,776

QUINCY GENEVA HOUSING CORPORATION