GERING ELDERLY HOUSING CORPORATION DBA GREY EAGLE APARTMENTS (EIN 363779568) - 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

1987

Legal Domicile

Principal Officer

STEVE PEREGRINE

Phone

4024385231

Tax Period

2024-07-01 to 2025-06-30

GERING ELDERLY HOUSING CORPORATION DBA GREY EAGLE APARTMENTS, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $189K in total revenue in fiscal year 2024. Expenses of $180K left a modest 5% surplus.

Mission

TO PROVIDE LOW-COST CLEAN HOUSING FOR LOW-INCOME ELDERLY RESIDENTS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. TWENTY-FOUR HOUSING UNITS ARE OPERATED WITH CONTINUALLY CHANGING NUMBER OF TENANTS.

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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 $51,711

Program Service Revenue $134,839

Investment Income $2,753

Other Revenue $0

TOTAL REVENUE $189,303

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,318

Fundraising Expenses $0

Program Expenses $149,509

Other Expenses $161,060

TOTAL EXPENSES $180,378

Year-over-Year Comparison

	2024	2023	Change
Revenue	$189,303	$176,049	+0.1%
Expenses	$180,378	$155,888	+0.2%
Net Income	$8,925	$20,161	-0.6%

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

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
STEVE PEREGRINE	President	1.00	Officer Director	$0	$0	$0
WILLARD ROSS	Secretary/Treas	1.00	Officer Director	$0	$0	$0
LINDA HIGGINS	Director	1.00	Director	$0	$0	$0
ROD LAUCOMER	Vice President	1.00	Officer Director	$0	$0	$0
RHONDA GENCHEV	Director	1.00	Director	$0	$0	$0
MANDY FERTIG	Director	1.00	Director	$0	$0	$0
RUSSELL REISIG	Director	1.00	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	$189,303	$180,378	$321,902	$8,925
2024	$176,049	$155,888	$312,114	$20,161
2023	$166,398	$170,905	$294,200	$-4,507
2022	$157,753	$162,654	$296,509	$-4,901
2021	$155,020	$152,044	$306,888	$2,976
2020	$150,696	$143,822	$302,196	$6,874
2019	$143,516	$180,249	$299,187	$-36,733

GERING ELDERLY HOUSING CORPORATION DBA GREY EAGLE APARTMENTS