GREATER METROPOLITAN HOUSING CORPORATION (EIN 410968007) - 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

1970

Legal Domicile

Principal Officer

EDEN SPENCER

Phone

6123390601

Tax Period

2023-01-01 to 2023-12-31

GREATER METROPOLITAN HOUSING CORPORATION, founded in 1970, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2023.

Mission

PRESERVE, IMPROVE & INCREASE AFFORDABLE HOUSING; ASSIST COMMUNITIES WITH HOUSING REVITALIZATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $982,241

Program Service Revenue $1,451,736

Investment Income $33

Other Revenue $0

TOTAL REVENUE $2,434,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,365

Fundraising Expenses $42,681

Program Expenses $2,314,320

Other Expenses $2,161,626

TOTAL EXPENSES $2,459,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,434,010	$2,406,130	+0.0%
Expenses	$2,459,991	$3,038,914	-0.2%
Net Income	$-25,981	$-632,784	-1.0%

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

$86,585

Total Directors

$86,585

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDEN SPENCER	PRESIDENT/CEO	40.00	Officer Director	$76,942	$9,643	$86,585
MAUREEN O'BRIEN WIESER	CHAIR	0.00	Officer Director	$0	$0	$0
ERIK A ANDERSON	VICE CHAIR	0.00	Officer Director	$0	$0	$0
COREY HAALAND	VICE CHAIR	0.00	Officer Director	$0	$0	$0
JAY KIEDROWSKI	SECRETARY/TREASURER	0.00	Officer Director	$0	$0	$0
TODD BERREMAN	DIRECTOR	0.00	Director	$0	$0	$0
CAROLYN E OLSON	DIRECTOR	0.00	Director	$0	$0	$0
GLENN SANSBURN	DIRECTOR	0.00	Director	$0	$0	$0
DANIEL SMITH	DIRECTOR	0.00	Director	$0	$0	$0
ALYSON VAN DYK	DIRECTOR	0.00	Director	$0	$0	$0
SCOTT WEATHERBY	DIRECTOR	0.00	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
2024	No data	No data	No data	No data
2023	$2,434,010	$2,459,991	$7,274,976	$-25,981
2022	$2,406,130	$3,038,914	$5,839,980	$-632,784
2021	$1,390,156	$743,821	$6,333,491	$646,335
2020	$6,261,845	$6,652,519	$5,355,279	$-390,674
2019	$4,792,341	$6,107,743	$9,274,484	$-1,315,402
2019	$4,726,457	$6,107,743	$9,171,553	$-1,381,286
2018	$7,456,216	$7,676,396	$11,870,500	$-220,180

GREATER METROPOLITAN HOUSING CORPORATION