GREENSBORO, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GREENSBORO UNITED METHODIST HOUSING INC, founded in 1971, is a small nonprofit in the Housing & Shelter sector that reported $841K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $735K left a modest 13% surplus.
TO PROVIDE AFFORDABLE HOUSING TO SENIOR CITIZENS IN GREENSBORO, NORTH CAROLINA.
TO OPERATE A 78-UNIT APARTMENT COMPLEX FOR THE ELDERLY IN GREENSBORO, NC, UNDER SECTION 231 OF THE NATIONAL HOUSING ACT. THE PROJECT IS REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN...
TO OPERATE A 78-UNIT APARTMENT COMPLEX FOR THE ELDERLY IN GREENSBORO, NC, UNDER SECTION 231 OF THE NATIONAL HOUSING ACT. THE PROJECT IS REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") AS TO RENTAL RATES AND OPERATING METHODS. ADDITIONALLY, UNITS IN THE PROJECT ARE COVERED UNDER A HOUSING ASSISTANCE PAYMENTS CONTRACT WITH HUD AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $840,629 | $675,850 | +0.2% |
| Expenses | $735,280 | $698,297 | +0.1% |
| Net Income | $105,349 | $-22,447 | -5.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LARRY PROCTOR | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| VANCE WHICKER | VICE CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| HAROLD PROCTOR | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LEWIS MOORE | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BEN BROTHERS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| REV SUSAN HOYLE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DON VENABLE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $840,629 | $735,280 | $3,206,608 | $105,349 |
| 2022 | $675,850 | $698,297 | $3,149,432 | $-22,447 |
| 2021 | $645,845 | $623,003 | $3,220,509 | $22,842 |
| 2020 | $620,992 | $611,129 | $3,267,162 | $9,863 |
| 2019 | $616,624 | $711,296 | $3,300,583 | $-94,672 |
| 2018 | $577,411 | $632,364 | $3,419,820 | $-54,953 |
Compare GREENSBORO UNITED METHODIST HOUSING INC with other nonprofits in North Carolina and across the country.