Glenn-Verde Housing Inc (EIN 272145525) - 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

Alicia White

Phone

5208849920

Tax Period

2023-07-01 to 2024-06-30

Glenn-Verde Housing Inc, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $190K in total revenue in fiscal year 2023. Expenses of $269K exceeded revenue, resulting in a 42% operating deficit.

Mission

To construct and operate a 24-unit multi-family housing project for low-income persons in Tucson, Arizona under the requirements of the Housing and Economic and Recovery Act (HERA) of 2008 administered by the Arizona Department of Housing(ADOH).

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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 $0

Program Service Revenue $185,184

Investment Income $3,485

Other Revenue $1,597

TOTAL REVENUE $190,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $224,800

Other Expenses $269,332

TOTAL EXPENSES $269,332

Year-over-Year Comparison

	2023	2022	Change
Revenue	$190,266	$186,296	+0.0%
Expenses	$269,332	$215,219	+0.3%
Net Income	$-79,066	$-28,923	+1.7%

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

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

$1,021,264

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Colleen McDonald	Chair	1.00	Officer Director	$0	$0	$0
Linda Lopez	Vice Chair	1.00	Officer Director	$0	$0	$0
Patrick O'Hagin	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Craig Doyle	Member-at-Large	1.00	Director	$0	$0	$0
Alexandra Terry	Member-at-Large	1.00	Director	$0	$0	$0
Meghan Heddings	Member-at-Large	1.00	Director	$0	$0	$0
Matt Kopec	Member-at-Large	1.00	Director	$0	$0	$0
Daniel Ranieri	President/CEO	1.00	Officer	$0	$34,911	$473,048
Michael Prudence	Vice Pres/CFO	1.00	Officer	$0	$35,419	$274,380
Kathy Wells	Vice Pres/COO	1.00	Officer	$0	$23,233	$273,836

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	No data	No data	No data	No data
2024	$190,266	$269,332	$2,233,597	$-79,066
2023	$186,296	$215,219	$2,331,060	$-28,923
2022	$179,760	$206,233	$2,352,399	$-26,473
2021	$168,332	$212,653	$2,366,441	$-44,321
2020	$158,988	$217,444	$2,412,683	$-58,456
2019	$162,071	$218,289	$2,469,218	$-56,218
2018	$162,446	$199,081	$2,523,607	$-36,635

Glenn-Verde Housing Inc