GREATER HANOVER HOUSING CORPORATIO… - 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

1969

Legal Domicile

Principal Officer

JOHN CRABBS

Phone

7176328081

Tax Period

2024-07-01 to 2025-06-30

GREATER HANOVER HOUSING CORPORATION FOR THE AGED AND HANDICAPPED, founded in 1969, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $473K, a strong 29% operating margin.

Mission

TO PROVIDE FOR ELDERLY AND HANDICAPPED FAMILIES AND ELDERLY AND HANDICAPPED PERSONS ON A NON-PROFIT BASIS RENTAL HOUSING AND RELATED FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE AGED AND HANDICAPPED AND TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED IN HANOVER, PA.

Program Service Accomplishments

Program 1

Expenses: $941,463 Revenue: $1,559,674

PROVIDED LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED IN HANOVER, PENNSYLVANIA. THE ORGANIZATION ASSISTED 151 INDIVIDUALS DURING THE YEAR.

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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 $1,557,678

Investment Income $98,989

Other Revenue $0

TOTAL REVENUE $1,656,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $478,060

Fundraising Expenses $0

Program Expenses $941,463

Other Expenses $705,483

TOTAL EXPENSES $1,183,543

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,656,667	$1,302,798	+0.3%
Expenses	$1,183,543	$1,110,788	+0.1%
Net Income	$473,124	$192,010	+1.5%

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

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

$165,643

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WANDA SHAFFER	OFFICE MANAG	38.00	Officer	$75,608	$12,482	$88,090
KATHLEEN LITTLE	OFFICE MANAG	39.50	Officer	$63,459	$14,094	$77,553
JOHN CRABBS	PRESIDENT	0.50	Officer Director	$0	$0	$0
ERIC STENMAN	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
MICHAEL P KELLY	TREASURER	0.50	Officer Director	$0	$0	$0
JOY BEARD	SECRETARY	0.50	Officer Director	$0	$0	$0
THOMAS AUMEN	DIRECTOR	0.50	Director	$0	$0	$0
DAVID CONCINO	DIRECTOR	0.50	Director	$0	$0	$0
ANDY BROUGH	DIRECTOR	0.50	Director	$0	$0	$0
CAROLYN BOYLE	DIRECTOR	0.50	Director	$0	$0	$0
KELLY RISER-GRIM	DIRECTOR	0.50	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
2025	$1,656,667	$1,183,543	$4,176,261	$473,124
2024	$1,302,798	$1,110,788	$3,681,670	$192,010
2023	$1,071,899	$1,000,946	$3,485,666	$70,953
2022	$1,655,955	$875,949	$3,407,750	$780,006
2021	$994,155	$884,090	$3,023,337	$110,065
2020	$944,078	$794,255	$2,973,304	$149,823
2019	$890,484	$882,451	$2,847,330	$8,033

GREATER HANOVER HOUSING CORPORATION FOR THE AGED AND HANDICAPPED