GREENCASTLE OF NORTH AURORA INC C/… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

RALPH GAINES

Phone

6305218021

Tax Period

2024-01-01 to 2024-12-31

GREENCASTLE OF NORTH AURORA INC C/O EMBRACE LIVING COMMUNITIES, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $925K in total revenue in fiscal year 2024. Net assets of $5.9M represent 76 months of operating reserves.

Mission

OUR MISSION IS TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE, WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING.

Program Service Accomplishments

Program 1

Expenses: $825,221 Revenue: $924,012

GREENCASTLE OF NORTH AURORA IS ORGANIZED TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY IN NORTH AURORA, ILLINOIS UNDER SECTION 202 OF THE HOUSING ACT OF 1959. THE ORGANIZATION OPERATES A 60-UNIT...

GREENCASTLE OF NORTH AURORA IS ORGANIZED TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY IN NORTH AURORA, ILLINOIS UNDER SECTION 202 OF THE HOUSING ACT OF 1959. THE ORGANIZATION OPERATES A 60-UNIT APARTMENT BUILDING.

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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 $917,234

Investment Income $662

Other Revenue $6,778

TOTAL REVENUE $924,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $338,042

Fundraising Expenses $0

Program Expenses $825,221

Other Expenses $568,614

TOTAL EXPENSES $906,656

Year-over-Year Comparison

	2024	2023	Change
Revenue	$924,674	$909,304	+0.0%
Expenses	$906,656	$874,375	+0.0%
Net Income	$18,018	$34,929	-0.5%

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

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

$659,214

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT MEYER	CHAIRMAN	0.20	Director	$0	$0	$0
RUTH CARLSON	DIRECTOR	0.20	Director	$0	$0	$0
KAREN LATIMER-HORSTHEAKE	DIRECTOR	0.20	Director	$0	$0	$0
TONYA PITTS	DIRECTOR	0.20	Director	$0	$0	$0
IRV WOODS	DIRECTOR	0.20	Director	$0	$0	$0
ROBERT GAMRATH	DIRECTOR	0.20	Director	$0	$0	$0
J PAUL BERTSCHE	DIRECTOR	0.20	Director	$0	$0	$0
RALPH GAINES	PRESIDENT & CEO	0.20	Officer	$0	$50,615	$422,211
ANNE M OLIVA	EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER	0.00	Officer	$0	$22,837	$237,003
JENNIFER TRUPPA	DIRECTOR OF SOCIAL SERVICES AND QUALITY ASSURANCE	0.00	Highest	$0	$40,480	$160,134
ED HAVLOVIC	DIRECTOR OF PLANT OPERATIONS	0.00	Highest	$0	$55,500	$162,316
DAWN ZENKNER	CONTROLLER	0.00	Highest	$0	$38,818	$151,239
GARY ADAMS	DIRECTOR OF OPERATIONS	0.00	Highest	$0	$29,254	$145,325
ALINA SERBAN	CHIEF OF STAFF	0.00	Highest	$0	$38,357	$139,821

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	$924,674	$906,656	$5,905,240	$18,018
2023	$909,304	$874,375	$5,892,144	$34,929
2022	$864,715	$827,617	$5,857,353	$37,098
2021	$717,997	$778,342	$5,837,686	$-60,345
2020	$672,984	$787,059	$5,900,087	$-114,075

GREENCASTLE OF NORTH AURORA INC C/O EMBRACE LIVING COMMUNITIES