GRANGE ACRES NONPROFIT HOUSING COR… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

THOMAS LAPKA

Phone

5178874200

Tax Period

2024-07-01 to 2025-06-30

GRANGE ACRES NONPROFIT HOUSING CORPORATION, founded in 1971, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 5% surplus.

Mission

TO PROVIDE HOUSING TO LOW INCOME SENIOR CITIZENS AGE 62 OR OLDER AND HANDICAPPED INDIVIDUALS AGE 55 OR OLDER.

Program Service Accomplishments

Program 1

Expenses: $676,763 Revenue: $1,131,065

RENTAL OF APARTMENTS TO LOW INCOME SENIOR CITIZENS AGE 62 OR OLDER AND HANDICAPPED INDIVIDUALS AGE 55 OR OLDER. THE HOUSING PROJECT INCLUDES 104 UNITS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,131,065

Investment Income $3,654

Other Revenue $0

TOTAL REVENUE $1,134,719

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $676,763

Other Expenses $1,073,162

TOTAL EXPENSES $1,074,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,134,719	$1,016,064	+0.1%
Expenses	$1,074,162	$1,002,399	+0.1%
Net Income	$60,557	$13,665	+3.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON POPLER	DIRECTOR	1.00	Director	$0	$0	$0
PEGGY JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
MIKKI DROSTE	SECRETARY	1.00	Officer Director	$0	$0	$0
KATIE VONDRA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS J LAPKA	PRESIDENT	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
2025	$1,134,719	$1,074,162	$4,889,948	$60,557
2024	$1,016,064	$1,002,399	$4,670,844	$13,665
2023	$671,305	$824,956	$4,669,937	$-153,651
2022	$669,851	$734,479	$4,612,194	$-64,628
2021	$588,851	$732,228	$4,437,126	$-143,377
2020	$769,995	$750,289	$4,265,941	$19,706
2019	$687,900	$769,401	$4,204,649	$-81,501
2018	$664,279	$696,991	$4,057,697	$-32,712

GRANGE ACRES NONPROFIT HOUSING CORPORATION