GFBC HOUSING & DEVELOPMENT INC

EIN: 383567490 501(c)(3) Housing & Shelter

DETROIT, MI

Total Revenue
$12,373
Total Expenses
$41,576
Total Assets
$99,014
Net Assets
$72,230
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
MI
Tax Period
2024-01-01 to 2024-12-31

GFBC HOUSING & DEVELOPMENT INC, founded in 2000, is a micro nonprofit in the Housing & Shelter sector that reported $12K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $42K exceeded revenue, resulting in a 236% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW TO MIDDLE INCOME MICHIGAN RESIDENTS.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $12,373
TOTAL REVENUE $12,373

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $41,576
Other Expenses $41,576
TOTAL EXPENSES $41,576

Year-over-Year Comparison

2024 2023 Change
Revenue $12,373 $16,848 -0.3%
Expenses $41,576 $34,743 +0.2%
Net Income $-29,203 $-17,895 +0.6%
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

Sign In

Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAMUEL IVORY Sr BOARD MEMBER 40.00
Director
$0 $0 $0
TINISIA BROWN PRESIDENT 20.00
Officer
$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
2024 $12,373 $41,576 $99,014 $-29,203
2023 $16,848 $34,743 $101,433 $-17,895
2022 $8,380 $8,014 $119,328 $366
2021 No data $7,979 $118,962 No data
2020 No data $16,910 $126,941 No data
2019 $5,110 $9,465 $143,851 $-4,355
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare GFBC HOUSING & DEVELOPMENT INC with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.