Gary, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)City of Gary Economic Development Corporation, founded in 1992, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $95K in total revenue in fiscal year 2023. Expenses of $385K exceeded revenue, resulting in a 305% operating deficit.
areduce unemployment by assisting and enabling the retention, attraction and expansion of business,bcombat community deterioration by promoting stability, economic growth, and partnerships between government and the business community,crecruit new business into the Gary area,dconduct charitable and educational activities to alleviate blight
The Gary Economic Development Corporation GEDC leads the City of Garys efforts to develop real estate, attract new businesses, expand and retain existing businesses, job creation, and increase the...
The Gary Economic Development Corporation GEDC leads the City of Garys efforts to develop real estate, attract new businesses, expand and retain existing businesses, job creation, and increase the quality of life for City residents. In 2015, GEDC established a relationship with United Parcel Service, which holds job fairs to employ Gary residents as package handlers at its Hodgkins, IL facility. GEDC also partnered with the City of Gary for Life, an anti-violence initiative to reduce crime and improve residents quality of life. GEDC continued its efforts towards the development of the University Park Neighborhood and Campus Plan to redevelop a 7.5 quare mile footprint surrounding Indiana University and Ivy Tech Community College. GEDC continued its relationship with Carmeuse Lime and Stone to invest 10M into a green facility, and with Garmong Constrcution to build industrial space in the Buffington Harbor area of Gary.
ArtHouse A Social Kitchen is a culinary incubator program created to provide a mechanism for economic and artistic activity in downtown Gary. Through a series of culinary classes and events, ArtHouse...
ArtHouse A Social Kitchen is a culinary incubator program created to provide a mechanism for economic and artistic activity in downtown Gary. Through a series of culinary classes and events, ArtHouse has drawn hundreds of people from outside of Gary as a mechanism for tourism, a direct connection to economic development
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $95,025 | $95,838 | 0.0% |
| Expenses | $384,607 | $1,765,381 | -0.8% |
| Net Income | $-289,582 | $-1,669,543 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Ronald Brewer | President | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Oliver Gilliam | Commissioner | 001.00 |
Director
|
$0 | $0 | $0 |
| Jackie Rosario-Pirtle | Commissioner | 001.00 |
Director
|
$0 | $0 | $0 |
| William Godwin | Commissioner | 001.00 |
Director
|
$0 | $0 | $0 |
| Carmelita Perry | Commissioner | 001.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $95,025 | $384,607 | $4,937,479 | $-289,582 |
| 2022 | $95,838 | $1,765,381 | $5,249,561 | $-1,669,543 |
| 2019 | $248,615 | $341,720 | $7,348,049 | $-93,105 |
| 2018 | $505,630 | $662,634 | $7,510,318 | $-157,004 |
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