GOSHEN HOUSING TRUST INC

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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

2011

Legal Domicile

Principal Officer

Chris Sanders

Phone

2036999335

Tax Period

2024-01-01 to 2024-12-31

GOSHEN HOUSING TRUST INC, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $266K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $390K exceeded revenue, resulting in a 47% operating deficit.

Mission

To provide qualified families with housing in any form it chooses, including ownership, rental, or rent-to-own housing, using every available public and private financing program to achieve permanent affordability goals in the Town of Goshen.

Program Service Accomplishments

Program 1

Expenses: $379,371

The Goshen Housing Trust (GHT) conducted a program of renovation of the existing units, completing the renovation of 9 of the 18 units along with implementation of required structural infrastructure repairs. GHT also operated the property as a mixed use facility with affordable rental units available on an income limit basis and a small number of commercial spaces for local businesses

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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 $14,182

Program Service Revenue $226,905

Investment Income $40

Other Revenue $24,596

TOTAL REVENUE $265,723

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,771

Fundraising Expenses $40

Program Expenses $379,371

Other Expenses $336,419

TOTAL EXPENSES $390,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$265,723	$205,360	+0.3%
Expenses	$390,190	$344,580	+0.1%
Net Income	$-124,467	$-139,220	-0.1%

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

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
Simon Ellis	Director	1.00	Director	$0	$0	$0
Josephine Jones	Secretary	2.00	Officer Director	$0	$0	$0
Martha Harris	Treasurer	2.00	Officer Director	$0	$0	$0
Carl Hooper	Director	1.00	Director	$0	$0	$0
John Breakell	Director	1.00	Director	$0	$0	$0
Chris Sanders	President	2.00	Officer Director	$0	$0	$0
Dawn Wicks-Wilkes	Vice President	2.00	Officer Director	$0	$0	$0
Robert Valentine	Director	1.00	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	$265,723	$390,190	$2,147,814	$-124,467
2023	$205,360	$344,580	$2,243,121	$-139,220
2022	$172,775	$291,483	$2,375,852	$-118,708
2021	$1,134,820	$134,421	$2,508,202	$1,000,399