GLENNWOOD HOUSING FOUNDATION INC

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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

2009

Legal Domicile

Principal Officer

FAITH MANNERS

Phone

9493331431

Tax Period

2024-01-01 to 2024-12-31

GLENNWOOD HOUSING FOUNDATION INC, founded in 2009, is a community nonprofit in the Housing & Shelter sector that reported $3.3M in total revenue in fiscal year 2024.

Mission

PROVIDE NONPROFIT HOUSING AND SUPPORTED LIVING FOR ADULTS WITH SPECIAL NEEDS WITH AN EMPHASIS ON COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $2,952,824 Revenue: $1,888,760

THE FOUNDATION PROVIDES AN INDEPENDENT LIVING RESIDENCE AND SUPPORTED LIVING SERVICES TO ADULTS WITH DEVELOPMENTAL/INTELLECTUAL DISABILITIES. THE FOUNDATION'S FACILITY INCLUDES 44 STUDIO ROOMS, AND HOUSES ADULTS AGES 18 AND OLDER WITH INTELLECTUAL, PHYSICAL, AND/OR DEVELOPMENTAL DISABILITIES.

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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 $1,330,021

Program Service Revenue $1,888,760

Investment Income $-60,071

Other Revenue $124,570

TOTAL REVENUE $3,283,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,811,875

Fundraising Expenses $68,975

Program Expenses $2,952,824

Other Expenses $1,635,545

TOTAL EXPENSES $3,447,420

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,283,280	$3,429,904	0.0%
Expenses	$3,447,420	$3,107,270	+0.1%
Net Income	$-164,140	$322,634	-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

$214,038

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAARTEN VOOGD	CHAIR	2.00	Officer Director	$0	$0	$0
JEFF MEBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID PERRY	BOARD MEMBER / SECRETARY	2.00	Officer Director	$0	$0	$0
RALPH CLAYMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBBIE NEEV	BOARD MEMBER/ TREASURER	2.00	Officer Director	$0	$0	$0
RICHARD HENRIKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RICH FAIR	BOARD MEMBER	2.00	Director	$0	$0	$0
FAITH MANNERS	CEO	40.00	Officer	$200,750	$13,288	$214,038

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	$3,283,280	$3,447,420	$9,595,492	$-164,140
2023	$3,429,904	$3,107,270	$9,877,457	$322,634
2022	$3,068,722	$2,920,083	$10,112,053	$148,639
2021	$4,106,759	$2,692,610	$10,684,044	$1,414,149
2020	$3,052,214	$2,679,078	$9,603,355	$373,136
2019	$2,338,232	$2,053,424	$9,083,912	$284,808
2018	$2,282,420	$1,915,107	$8,782,901	$367,313