Greater Brunswick Housing Corporat… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

Libby Bernier-Michaud

Phone

2077258711

Tax Period

2024-07-01 to 2025-06-30

Greater Brunswick Housing Corporation, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $4.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $1.1M, a strong 24% operating margin.

Mission

The Organization's mission is to increase the supply of affordable housing in the region for low income families.

Program Service Accomplishments

Program 1

Expenses: $2,923,080 Revenue: $3,925,529

Rental of multiple low income housing developments to various families in need and development of low income housing projects.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,925,529

Investment Income $432,917

Other Revenue $0

TOTAL REVENUE $4,358,446

Expense Breakdown

Grants Paid $21,312

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,923,080

Other Expenses $3,285,520

TOTAL EXPENSES $3,306,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,358,446	$4,655,472	-0.1%
Expenses	$3,306,832	$2,886,172	+0.1%
Net Income	$1,051,614	$1,769,300	-0.4%

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

$398,512

Total Directors

$295,456

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Macleod	Chair	1.00	Officer Director	$0	$0	$0
Jane Scease	Vice Chair	1.00	Officer Director	$0	$0	$0
John Hodge	President/Past ED, Sec., Treasurer	10.00	Officer Director	$0	$28,804	$176,694
John Gallagher	Director	1.00	Director	$0	$0	$0
Terry Kelley	Director	1.00	Director	$0	$0	$0
Crystal King	Director	1.00	Director	$0	$0	$0
Abigail Kunitz	Director	1.00	Director	$0	$0	$0
Roslyn Martin	Director	1.00	Director	$0	$0	$0
Michael Veilleux	Director	1.00	Director	$0	$0	$0
John T Vorhees	Director	1.00	Director	$0	$0	$0
Libby Bernier-Michaud	Executive Director, Sec., Treasurer	10.00	Officer Director	$0	$29,498	$118,762
Mark Galvez	Director of Finance	10.00	Officer	$0	$13,125	$103,056

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	$4,358,446	$3,306,832	$19,876,752	$1,051,614
2024	$4,655,472	$2,886,172	$18,855,995	$1,769,300
2023	$3,574,510	$2,307,391	$17,604,234	$1,267,119
2022	$3,161,972	$1,925,912	$11,831,820	$1,236,060
2021	$1,323,401	$797,541	$10,561,804	$525,860
2020	$702,463	$517,761	$6,288,428	$184,702
2019	$429,450	$497,956	$5,657,282	$-68,506
2018	$364,846	$464,032	$5,142,309	$-99,186

Greater Brunswick Housing Corporation