GREAT FALLS HOUSING CORPORATION (EIN 272230034) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

ROBERT GUARASCI

Phone

9734131600

Tax Period

2023-07-01 to 2024-06-30

GREAT FALLS HOUSING CORPORATION, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $572K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Net assets of $4.0M represent 84 months of operating reserves.

Mission

GREAT FALLS HOUSING CORPORATION IS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION WITH THE MISSION OF CREATING AFFORDABLE HOUSING IN THE CITY OF PATERSON.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $186,638

Program Service Revenue $382,364

Investment Income $1,843

Other Revenue $894

TOTAL REVENUE $571,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $621,345

Other Expenses $621,345

TOTAL EXPENSES $621,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$571,739	$468,644	+0.2%
Expenses	$621,345	$526,039	+0.2%
Net Income	$-49,606	$-57,395	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$409,725

Total Directors

$409,725

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT F GUARASCI	CHAIR/PRESIDENT	4.00	Officer Director	$0	$12,422	$269,573
MARTIN VERGARA	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
MICHAEL DEBLASIO	SECRETARY/TREASURER	1.00	Officer Director	$0	$361	$140,152

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	$571,739	$621,345	$8,072,063	$-49,606
2023	$468,644	$526,039	$8,230,538	$-57,395
2022	$559,720	$622,578	$8,324,639	$-62,858
2021	$460,068	$541,242	$8,460,735	$-81,174
2020	$390,373	$531,468	$8,576,876	$-141,095
2019	$326,506	$557,756	$8,707,074	$-231,250
2018	$374,573	$598,035	$9,217,945	$-223,462

GREAT FALLS HOUSING CORPORATION