GREENFIELD AREA DEVELOPMENT CORPOR… - 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

1993

Legal Domicile

Principal Officer

ANDREW BRESCIANO

Phone

4137758117

Tax Period

2024-01-01 to 2024-12-31

GREENFIELD AREA DEVELOPMENT CORPORATION, founded in 1993, is a micro nonprofit that reported $20K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19K, a strong 91% operating margin.

Mission

ENCOURAGE BUSINESS DEVELOPMENT BY PROVIDING FINANCING FOR THE ACQUISITION OF REAL ESTATE OR PURCHASE AND IMPROVEMENT OF REAL ESTATE FOR NEW AND EXISTING BUSINESSES THAT ARE LOCATED IN THE GREENFIELD AREA OR ARE INTERESTED IN MOVING TO OR STARTING A BUSINESS IN THE GREENFIELD AREA.

Program Service Accomplishments

Program 1

Expenses: $37

REAL ESTATE DEVELOPMENT TO ENCOURAGE BUSINESS DEVELOPMENT AND GROWTH. THE CORPORATION LOANED FUNDS TO A SMALL BUSINESS TO PAY FOR BUILDING RENOVATIONS.

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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 $0

Investment Income $20,455

Other Revenue $0

TOTAL REVENUE $20,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37

Other Expenses $1,927

TOTAL EXPENSES $1,927

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,455	$14,690	+0.4%
Expenses	$1,927	$2,195	-0.1%
Net Income	$18,528	$12,495	+0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW BRESCIANO	PRESIDENT/TR	0.25	Officer Director	$0	$0	$0
MICHELLE LAURIE	VICE PRESIDE	0.05	Officer Director	$0	$0	$0
ALAN BLANKER	DIRECTOR	0.05	Director	$0	$0	$0
REBECCA CAPLICE	DIRECTOR	0.05	Director	$0	$0	$0
SCOTT COTE	DIRECTOR	0.05	Director	$0	$0	$0
TIMOTHY FARRELL	DIRECTOR	0.05	Director	$0	$0	$0
AMY MCMAHAN	DIRECTOR	0.05	Director	$0	$0	$0
ANTHONY WORDEN	DIRECTOR	0.05	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
2024	$20,455	$1,927	$528,794	$18,528
2023	$14,690	$2,195	$511,266	$12,495

GREENFIELD AREA DEVELOPMENT CORPORATION