GLOUCESTER COUNTY HOUSING DEVELOPMENT CORPORATION

EIN: 223296352 501(c)(3) Housing & Shelter

DEPTFORD, NJ

Total Revenue
$3,631,768
Total Expenses
$498,349
Total Assets
$11,939,860
Net Assets
$9,968,887
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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
1978
Legal Domicile
NJ
Principal Officer
KIMBERLY GOBER
Phone
8568454959
Tax Period
2023-01-01 to 2023-12-31

GLOUCESTER COUNTY HOUSING DEVELOPMENT CORPORATION, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 679% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 86% operating margin.

Mission

TO BE AN AGENCY OR INSTRUMENTALITY OF THE HOUSING AUTHORITY OF GLOUCESTER COUNTY IN CARRYING OUT OR ASSISTING IN CARRYING OUT ONE OR MORE HOUSING PROJECTS FOR PERSONS OF LOW INCOME, APPROVED BY THE HOUSING AUTHORITY, PURSUANT TO THE LOCAL HOUSING AUTHORITY LAW, THE UNITED STATES HOUSING ACT OF 1937, AS AMENDED AND HUD REGULATIONS.

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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 $3,373,172
Program Service Revenue $236,212
Investment Income $22,384
Other Revenue $0
TOTAL REVENUE $3,631,768

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $404,503
Other Expenses $498,349
TOTAL EXPENSES $498,349

Year-over-Year Comparison

2023 2022 Change
Revenue $3,631,768 $466,359 +6.8%
Expenses $498,349 $554,421 -0.1%
Net Income $3,133,419 $-88,062 -36.6%
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
6
Independent Members
6
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
1
$169,843
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES W REED VICE CHAIRPERSON 1.00
Director
$0 $0 $0
GERALD REED SECRETARY 1.00
Director
$0 $0 $0
SCOTT H KINTZING TREASURER 1.00
Director
$0 $0 $0
WILLIAM H BAIN JR TRUSTEE 1.00
Director
$0 $0 $0
HARRY W ELTON JR CHAIRPERSON 1.00
Director
$0 $0 $0
JOHN GIOVANNITTI ASSISTANT SECRETARY/TREAS 1.00
Director
$0 $0 $0
KIMBERLY GOBER ADMINISTRATOR 10.00
Officer
$0 $20,468 $169,843
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 $3,631,768 $498,349 $11,939,860 $3,133,419
2022 $466,359 $554,421 $8,442,862 $-88,062
2021 $415,685 $643,890 $8,292,965 $-228,205
2020 $243,971 $232,855 $7,815,905 $11,116
2019 $217,957 $167,078 $7,603,350 $50,879
2018 $216,904 $166,152 $7,489,115 $50,752
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