LANDMARK VENTURES INC

EIN: 311622521 501(c)(3) Housing & Shelter

Gadsden, AL

Total Revenue
$1,302,963
Total Expenses
$1,178,275
Total Assets
$4,313,897
Net Assets
$2,738,671
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
AL
Principal Officer
GREG PRICE
Tax Period
2025-01-01 to 2025-12-31

LANDMARK VENTURES INC GREATER GADSDEN HOUSING AUTHORITY is a small nonprofit in the Housing & Shelter sector that reported $597K in total revenue in fiscal year 2023. Expenses of $900K exceeded revenue, resulting in a 51% operating deficit.

Mission

TO PROVIDE DECENT, SAFE AND SANITARY HOUSING FOR ELDERLY AND HANDICAPPED PERSONS OF LOW-INCOME IN THE CITY OF GADSDEN, ALABAMA

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $779,426
Program Service Revenue $176,791
Investment Income $143,646
Other Revenue $203,100
TOTAL REVENUE $1,302,963

Expense Breakdown

Grants Paid $0
Salaries & Benefits $346,782
Fundraising Expenses $0
Program Expenses $1,178,275
Other Expenses $666,169
TOTAL EXPENSES $1,178,275

Year-over-Year Comparison

2025 2024 Change
Revenue $1,302,963 N/A N/A
Expenses $1,178,275 N/A N/A
Net Income $124,688 N/A N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
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
GREG PRICE 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
2025 $1,302,963 $1,178,275 $4,313,897 $124,688
2024 $284,274 $388,096 $3,354,122 $-103,822
2023 $597,085 $900,232 $3,042,903 $-303,147
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