GRUNDY DEVELOPMENT CORPORATION CO GRUNDY COUNTY HOUSING AUTHORITY (EIN 364104384) - 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

1996

Legal Domicile

Phone

8159426198

Tax Period

2024-01-01 to 2024-12-31

GRUNDY DEVELOPMENT CORPORATION CO GRUNDY COUNTY HOUSING AUTHORITY, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.0M left a modest 14% surplus.

Mission

TO PROMOTE THE DEVELOPMENT, ESTABLISHMENT, OR EXPANSION INDUSTRIES, PRIMARILY LOW-INCOME HOUSING, SERVING THE NEEDS OF PEOPLE OF LOW INCOME IN GRUNDY COUNTY, ILLINOIS

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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 $1,130,076

Investment Income $-194

Other Revenue $62,984

TOTAL REVENUE $1,192,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $510,726

Fundraising Expenses $0

Program Expenses $564,435

Other Expenses $512,824

TOTAL EXPENSES $1,023,550

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,192,866	$1,242,175	0.0%
Expenses	$1,023,550	$532,045	+0.9%
Net Income	$169,316	$710,130	-0.8%

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	Role	Reportable Comp	Other Comp	Total
LAUREN OFFERMAN	Vice Chair	Officer Director	$0	$0	$0
SHANE GILBERTSON	Chair	Officer Director	$0	$0	$0
JC LAWSON	Director	Director	$0	$0	$0
TOM TESDAL	Director	Director	$0	$0	$0
LORI BONAREK	Director	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	No data	No data	No data	No data
2024	$1,192,866	$1,023,550	$2,164,392	$169,316
2023	$1,242,175	$532,045	$1,956,862	$710,130
2022	$108,826	$113,727	$1,182,781	$-4,901
2021	$114,041	$97,161	$1,178,536	$16,880
2020	$118,633	$83,923	$1,170,415	$34,710
2019	$123,001	$89,033	$1,172,431	$33,968
2018	$101,549	$99,690	$1,174,148	$1,859

GRUNDY DEVELOPMENT CORPORATION CO GRUNDY COUNTY HOUSING AUTHORITY