THE GOOD SHEPHERD HOUSING DEVELOPM… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

MICHAEL SPIGEL

Phone

6107763160

Tax Period

2024-07-01 to 2025-06-30

THE GOOD SHEPHERD HOUSING DEVELOPMENT CORPORATION, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $241K in total revenue in fiscal year 2024. Expenses of $324K exceeded revenue, resulting in a 34% operating deficit.

Mission

MOTIVATED BY THE DIVINE GOOD SHEPHERD AND THE OFTEN COMPLEX PHYSICAL AND COGNITIVE REHABILITATION NEEDS OF OUR COMMUNITIES, OUR MISSION IS TO ENHANCE LIVES, MAXIMIZE FUNCTION, INSPIRE HOPE, AND PROMOTE DIGNITY AND WELL-BEING WITH EXPERTISE INNOVATIVE CARE AND COMPASSION.

Program Service Accomplishments

Program 1

Expenses: $211,705 Revenue: $239,801

GOOD SHEPHERD HOUSING DEVELOPMENT CORPORATION ("GSHD") OWNS THE GOOD SHEPHERD SUPPORTED INDEPENDENT LIVING APARTMENTS, WHICH IS A COMMUNITY-BASED, 18-UNIT APARTMENT BUILDING THAT PROVIDES...

GOOD SHEPHERD HOUSING DEVELOPMENT CORPORATION ("GSHD") OWNS THE GOOD SHEPHERD SUPPORTED INDEPENDENT LIVING APARTMENTS, WHICH IS A COMMUNITY-BASED, 18-UNIT APARTMENT BUILDING THAT PROVIDES INDEPENDENCE FOR LOW-INCOME ADULTS WITH SEVERE PHYSICAL DISABILITIES SUCH AS QUADRIPLEGIA AND CEREBRAL PALSY WHO ARE DESIROUS AND CAPABLE OF PROVIDING FOR THEIR OWN PERSONAL CARE NEEDS. THE APARTMENT BUILDING IS AN AFFORDABLE, ACCESSIBLE, AND TECHNOLOGICALLY ADVANCED ALTERNATIVE TO A FACILITY-BASED LONG-TERM CARE LIVING ARRANGEMENT. OUR RESIDENTS MUST QUALIFY UNDER SECTION 811 OF HUD AGE, INCOME, AND DISABILITY REQUIREMENTS TO BE ELIGIBLE TO LIVE IN THE APARTMENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $239,801

Investment Income $1,379

Other Revenue $0

TOTAL REVENUE $241,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,415

Fundraising Expenses $0

Program Expenses $211,705

Other Expenses $270,503

TOTAL EXPENSES $323,918

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,180	$231,699	+0.0%
Expenses	$323,918	$282,729	+0.1%
Net Income	$-82,738	$-51,030	+0.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$1,406,005

Total Directors

$1,414,246

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL R SPIGEL	PRESIDENT & CEO	1.00	Officer Director	$0	$36,013	$748,271
TERRANCE P O'NEIL	CHIEF INFORMATION OFFICER	1.00	Officer Director	$0	$18,379	$317,734
MAURA TOPPER	CHAIR/TREASURER	0.25	Officer Director	$0	$0	$0
MICHAEL PESSINA	VICE CHAIR	0.25	Officer Director	$0	$0	$0
THOMAS LYNCH	SECRETARY	0.25	Officer Director	$0	$0	$0
POLLY BESTE	TRUSTEE	0.25	Director	$0	$0	$0
PAMELA DECAMPLI	TRUSTEE	0.25	Director	$0	$0	$0
DAVID DECAMPLI	TRUSTEE	0.25	Director	$0	$0	$0
DAVID FESSLER	TRUSTEE	0.25	Director	$0	$0	$0
MATTHEW GREEN	TRUSTEE	0.25	Director	$0	$0	$0
LORI GUSTAVE	TRUSTEE	0.25	Director	$0	$0	$0
ELSBETH HAYMON	TRUSTEE	0.25	Director	$0	$0	$0
BLAKE C MARLES	TRUSTEE	0.25	Director	$0	$0	$0
JO-ANN MENDLES	TRUSTEE	0.25	Director	$0	$0	$0
VICTOR SALICETTI	TRUSTEE	0.25	Director	$0	$0	$0
KIMBERLY S KUCHINSKI	TRUSTEE	0.25	Director	$0	$41,421	$348,241
JOHN V COONEY	TRUSTEE EMERITI	0.25	Director	$0	$0	$0
JILL DOUGLAS	LEGACY TRUSTEE	0.25	Director	$0	$0	$0
GARY SCHMIDT	CHAIR (UNTIL 9/24)	0.25	Officer Director	$0	$0	$0
SANDRA BODNYK	VICE CHAIR (UNTIL 9/24)	0.25	Officer Director	$0	$0	$0
JOHN RICHTER	SECRETARY (UNTIL 9/24)	0.25	Officer Director	$0	$0	$0
PAUL EMRICK	TRUSTEE (UNTIL 9/24)	0.25	Director	$0	$0	$0
ROBERT TAROLA	INTERIM CFO (UNTIL 9/24)	1.00	Officer	$0	$0	$340,000
PATRICK SEBASTIAN	VP OF FINANCE (AS OF 5/25)	1.00	Officer	$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
2025	$241,180	$323,918	$451,128	$-82,738
2024	$231,699	$282,729	$484,961	$-51,030
2023	$221,076	$315,077	$517,961	$-94,001
2022	$206,702	$308,618	$583,833	$-101,916
2021	$216,631	$305,807	$677,146	$-89,176
2020	$197,625	$303,294	$758,430	$-105,669
2019	$196,733	$278,999	$839,998	$-82,266
2018	$378,190	$340,338	$913,305	$37,852

THE GOOD SHEPHERD HOUSING DEVELOPMENT CORPORATION