GAINESVILLE HOUSING CORPORATION (EIN 272070017) - 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

2010

Legal Domicile

Principal Officer

BETH BROWN

Phone

7705361294

Tax Period

2023-10-01 to 2024-09-30

GAINESVILLE HOUSING CORPORATION, founded in 2010, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 12% surplus.

Mission

TO PROVIDE LOW AND MODERATE INCOME EARNING CITIZENS OF HALL COUNTY WITH AFFORDABLE HOUSING ALTERNATIVES AND TO FURTHER THESE OBJECTIVES BY SOLICITING FINANCIAL SUPPORT FROM INTERESTED INDIVIDUALS, BUSINESSES AND PUBLIC & PRIVATE ORGANIZATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $96,120

Program Service Revenue $1,032,201

Investment Income $98,000

Other Revenue $0

TOTAL REVENUE $1,226,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $609,807

Other Expenses $1,083,821

TOTAL EXPENSES $1,083,821

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,226,321	$713,522	+0.7%
Expenses	$1,083,821	$635,830	+0.7%
Net Income	$142,500	$77,692	+0.8%

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

$250,206

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL THURMOND	DIRECTOR	0.05	Director	$0	$0	$0
DARRELL SMALLWOOD	DIRECTOR	0.05	Director	$0	$0	$0
FARON THOMPSON	DIRECTOR	0.05	Director	$0	$0	$0
JOY GRIFFIN	DIRECTOR	0.05	Director	$0	$0	$0
JENNIFER HOTHEM	DIRECTOR	0.05	Director	$0	$0	$0
BETH BROWN	PRESIDENT	2.00	Officer	$0	$0	$250,206

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	$1,226,321	$1,083,821	$6,565,669	$142,500
2024	$1,226,321	$1,083,821	$6,565,669	$142,500
2023	$713,522	$635,830	$6,934,462	$77,692
2022	$1,339,207	$315,132	$7,190,282	$1,024,075
2022	$1,339,207	$315,132	$7,190,282	$1,024,075
2021	$1,724,930	$323,739	$6,867,134	$1,401,191
2020	$1,208,241	$193,045	$5,399,908	$1,015,196
2019	$1,243,968	$148,797	$4,364,212	$1,095,171
2018	$1,822,535	$70,902	$3,269,041	$1,751,633

GAINESVILLE HOUSING CORPORATION