GREATER PURPOSE INC

EIN: 262829331 501(c)(3) Housing & Shelter

UPPER MARLBORO, MD

Total Revenue
$5,788
Total Expenses
$22,820
Total Assets
$11,149
Net Assets
$-11,671
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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
2015
Legal Domicile
MD
Principal Officer
TERESA ANN HARRIS
Phone
8037290075
Tax Period
2022-01-01 to 2022-12-31

GREATER PURPOSE INC, founded in 2015, is a micro nonprofit in the Housing & Shelter sector that reported $6K in total revenue in fiscal year 2022. Expenses of $23K exceeded revenue, resulting in a 294% operating deficit.

Mission

TO END HOMELESSNESS, HEALTH DISPARAITIES & CHILDHOOD HUNGER IN AMERICA.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $5,788
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,788

Expense Breakdown

Grants Paid $2,034
Salaries & Benefits $1,500
Fundraising Expenses $0
Program Expenses $11,458
Other Expenses $19,286
TOTAL EXPENSES $22,820

Year-over-Year Comparison

2022 2021 Change
Revenue $5,788 $5,361 +0.1%
Expenses $22,820 N/A N/A
Net Income $-17,032 $5,361 -4.2%
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

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Governance

Voting Members
6
Independent Members
6
Employees
1
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
0
$0
Total Directors
5
$0
Key Employees
1
$1,500
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERESA ANN HARRIS PRESIDENT 40
Key Emp Highest
$1,500 $0 $1,500
HEATHER CERVALO DIRECTOR 0
Director
$0 $0 $0
DORCHE L HARRIS EXECUTIVE SECRETARY 10
Director
$0 $0 $0
CORA N HARRIS VICE PRESIDENT 10
Director
$0 $0 $0
NAKIA L POWELL DIRECTOR 0
Director
$0 $0 $0
THOMASINA GALLISHAW DIRECTOR 10
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
2022 $5,788 $22,820 $11,149 $-17,032
2020 No data $510 $3,794 No data
2019 $836 $1,010 $4,304 $-174
2018 $836 $953 $4,478 $-117
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