ETERNAL HOUSING FUND

EIN: 274986745 501(c)(3) Housing & Shelter

GARFIELD HTS, OH

Total Revenue
$382,857
Total Expenses
$185,183
Total Assets
$444,615
Net Assets
$444,615
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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
2011
Legal Domicile
OH
Tax Period
2022-01-01 to 2022-12-31

ETERNAL HOUSING FUND, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $383K in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $198K, a strong 52% operating margin.

Mission

PROVIDING AFFORDABLE HOUSINGAND RELATED SERVICES

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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 $0
Program Service Revenue $382,845
Investment Income $12
Other Revenue $0
TOTAL REVENUE $382,857

Expense Breakdown

Grants Paid $0
Salaries & Benefits $59,868
Fundraising Expenses $0
Program Expenses $185,183
Other Expenses $125,315
TOTAL EXPENSES $185,183

Year-over-Year Comparison

2022 2021 Change
Revenue $382,857 $461,665 -0.2%
Expenses $185,183 $222,953 -0.2%
Net Income $197,674 $238,712 -0.2%
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
3
Independent Members
3
Employees
3
Volunteers
3

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
3
$46,221
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD GIBSON PRESIDENT 30.00
Officer
$46,221 $0 $46,221
CHARLES CORSILLO TREASURER 1.00
Officer
$0 $0 $0
MARC ADEN SECRETARY 0.00
Officer
$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 $382,857 $185,183 $444,615 $197,674
2021 $461,665 $222,945 $246,950 $238,720
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