GOODWIN PLAZA HOUSING CORPORATION (EIN 311041777) - 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

1983

Legal Domicile

Principal Officer

DISA WATSON-SUMMERS

Phone

3179211950

Tax Period

2023-07-01 to 2024-06-30

GOODWIN PLAZA HOUSING CORPORATION, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.2M left a modest 4% surplus.

Mission

TO PROVIDE HOUSING FOR THE ELDERLY AND HANDICAPPED.

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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 $1,218,265

Investment Income $7,190

Other Revenue $7,008

TOTAL REVENUE $1,232,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $237,917

Fundraising Expenses $0

Program Expenses $1,139,678

Other Expenses $946,350

TOTAL EXPENSES $1,184,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,232,463	$1,146,828	+0.1%
Expenses	$1,184,267	$1,090,735	+0.1%
Net Income	$48,196	$56,093	-0.1%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DISA WATSON-SUMMERS	PRESIDENT	2.00	Officer Director	$0	$0	$0
REV MICHELLE ROOS	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL MCGRAW	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
RHONDA KEOUGH	SECRETARY	2.00	Officer Director	$0	$0	$0
LINNIE MONTGOMERY	TREASURER	2.00	Officer Director	$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
2025	No data	No data	No data	No data
2024	$1,232,463	$1,184,267	$1,582,577	$48,196
2023	$1,146,828	$1,090,735	$1,550,629	$56,093
2022	$1,141,453	$1,054,913	$1,541,945	$86,540
2021	$1,078,102	$949,973	$1,594,910	$128,129
2020	$1,039,917	$1,121,615	$1,533,203	$-81,698
2019	$1,048,390	$1,058,520	$1,632,127	$-10,130

GOODWIN PLAZA HOUSING CORPORATION