SUMMIT HILL COMMUNITY DEVELOPMENT CORPORATION

EIN: 301112000 501(c)(3) Housing & Shelter

BLOOMINGTON, IN

Total Revenue
$1,030,154
Total Expenses
$383,391
Total Assets
$1,011,062
Net Assets
$847,104
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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
2021
Legal Domicile
IN
Principal Officer
Kate Gazunis
Phone
8123393491
Tax Period
2023-01-01 to 2023-12-31

SUMMIT HILL COMMUNITY DEVELOPMENT CORPORATION, founded in 2021, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 267% from the prior year, signaling strong growth momentum. The organization ran a surplus of $647K, a strong 63% operating margin.

Mission

Summit Hill Development Corporation is a nonprofit wholly controlled the Bloomington Housing Authority for the tax exempt purpose of providing and developing affordable housing.

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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 (2023)

Revenue Breakdown

Contributions & Grants $780,154
Program Service Revenue $250,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,030,154

Expense Breakdown

Grants Paid $36,469
Salaries & Benefits $141,864
Fundraising Expenses $0
Program Expenses $383,392
Other Expenses $205,058
TOTAL EXPENSES $383,391

Year-over-Year Comparison

2023 2022 Change
Revenue $1,030,154 $280,703 +2.7%
Expenses $383,391 $69,181 +4.5%
Net Income $646,763 $211,522 +2.1%
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
8
Independent Members
8
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kate Gazunis Executive Director 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
2024 No data No data No data No data
2023 $1,030,154 $383,391 $1,011,062 $646,763
2022 $280,703 $69,181 $397,143 $211,522
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