GLOUCESTER DEVELOPMENT TEAM INC (EIN 237383044) - 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

1974

Legal Domicile

Principal Officer

RICHARD K NOYES

Phone

9782831212

Tax Period

2025-01-01 to 2025-12-31

GLOUCESTER DEVELOPMENT TEAM INC, founded in 1974, is a small nonprofit in the Housing & Shelter sector that reported $408K in total revenue in fiscal year 2025. The organization ran a surplus of $223K, a strong 55% operating margin.

Mission

DEVELOPMENT OF LOW INCOME HOUSING

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $16,016

Investment Income $392,182

Other Revenue $0

TOTAL REVENUE $408,198

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $181,248

Other Expenses $180,113

TOTAL EXPENSES $185,113

Year-over-Year Comparison

	2025	2024	Change
Revenue	$408,198	$382,755	+0.1%
Expenses	$185,113	$76,194	+1.4%
Net Income	$223,085	$306,561	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASTRIDA M CUTTER	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
R KIRK NOYES	DIRECTOR	1.00	Director Highest	$0	$0	$0
MARC N SANDLER	PRESIDENT/DIRECTOR	1.00	Officer 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	$408,198	$185,113	$8,865,626	$223,085
2024	$382,755	$76,194	$8,642,541	$306,561
2023	$373,144	$1,225,046	$8,357,340	$-851,902
2022	$367,715	$37,244	$9,206,882	$330,471
2021	$370,428	$20,470	$8,913,201	$349,958
2020	$356,940	$21,500	$8,617,457	$335,440
2019	$357,133	$30,220	$8,262,017	$326,913
2018	$355,811	$30,637	$7,930,104	$325,174

GLOUCESTER DEVELOPMENT TEAM INC