GARDEN GROVE HOUSING CORPORATION (EIN 330935692) - 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

2000

Legal Domicile

Principal Officer

DENNIS J SWEENEY

Phone

9498520700

Tax Period

2024-01-01 to 2024-12-31

GARDEN GROVE HOUSING CORPORATION, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $586K, a strong 26% operating margin.

Mission

TO PROVIDE RENTAL HOUSING FOR LOW, VERY LOW, AND MODERATE INCOME PEOPLE AND EMANCIPATED YOUTHS FROM ORANGEWOOD FOUNDATION, AND OTHER ORGANIZATIONS THAT PROVIDE ASSISTANCE TO UNDERPRIVILEGED YOUTHS.

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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 $2,152,546

Investment Income $17,206

Other Revenue $62,656

TOTAL REVENUE $2,232,408

Expense Breakdown

Grants Paid $413,963

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,590,864

Other Expenses $1,232,149

TOTAL EXPENSES $1,646,112

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,232,408	$1,995,313	+0.1%
Expenses	$1,646,112	$1,442,860	+0.1%
Net Income	$586,296	$552,453	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS J SWEENEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
DICK GOCHNAUER	DIRECTOR	1.00	Director	$0	$0	$0
MITCH VANCE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CINDY DILLION	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS SIMONSEN	TREASURER	1.00	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
2024	$2,232,408	$1,646,112	$8,981,216	$586,296
2023	$1,995,313	$1,442,860	$8,548,952	$552,453
2022	$1,955,721	$1,499,215	$8,138,131	$456,506
2021	$1,809,336	$1,525,981	$7,825,027	$283,355
2020	$1,707,689	$1,474,759	$7,680,447	$232,930
2019	$1,620,689	$1,326,497	$7,570,481	$294,192
2018	$1,519,174	$1,281,014	$7,435,902	$238,160

GARDEN GROVE HOUSING CORPORATION