QUEST VILLAGE III OF GEORGIA INC

EIN: 454997977 501(c)(3) Housing & Shelter

ATLANTA, GA

Total Revenue
$385,170
Total Expenses
$481,767
Total Assets
$3,119,270
Net Assets
$-125,763
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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
2013
Legal Domicile
GA
Principal Officer
LEONARD ADAMS
Phone
6787055318
Tax Period
2023-01-01 to 2023-12-31

QUEST VILLAGE III OF GEORGIA INC, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $385K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $482K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO DEVELOP AFFORDABLE HOUSING AND PROVIDE NEEDS-BASED COMMUNITY SERVICES TO ENHANCE THE QUALITY OF LIFE FOR UNDERSERVED INDIVIDUALS AND FAMILIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $278,613
Program Service Revenue $54,430
Investment Income $10,616
Other Revenue $41,511
TOTAL REVENUE $385,170

Expense Breakdown

Grants Paid $0
Salaries & Benefits $84,197
Fundraising Expenses $0
Program Expenses $464,328
Other Expenses $397,570
TOTAL EXPENSES $481,767

Year-over-Year Comparison

2023 2022 Change
Revenue $385,170 $337,296 +0.1%
Expenses $481,767 $429,657 +0.1%
Net Income $-96,597 $-92,361 +0.0%
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

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Governance

Voting Members
7
Independent Members
6
Employees
5
Volunteers
6

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
5
$281,132
Total Directors
11
$281,132
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEONARD ADAMS PRESIDENT & CEO 2.00
Officer Director
$0 $6,326 $281,132
MARCUS BILLIE CHAIR 2.00
Officer Director
$0 $0 $0
PATRICK PONTIUS VICE CHAIR 2.00
Officer Director
$0 $0 $0
EDDIE BRADFORD TREASURER 2.00
Officer Director
$0 $0 $0
CHRIS GILMORE SECRETARY 2.00
Officer Director
$0 $0 $0
GREG BOLER BOARD MEMBER 2.00
Director
$0 $0 $0
CLARICE FARRELL BOARD MEMBER 2.00
Director
$0 $0 $0
ERIN HARRIS BOARD MEMBER 2.00
Director
$0 $0 $0
LATOYA KYLE BOARD MEMBER 2.00
Director
$0 $0 $0
WAYNE MARTIN BOARD MEMBER 2.00
Director
$0 $0 $0
BOB MOFFAT BOARD MEMBER 2.00
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 $385,170 $481,767 $3,119,270 $-96,597
2022 $337,296 $429,657 $3,145,017 $-92,361
2021 $319,778 $336,139 $3,198,149 $-16,361
2021 $319,778 $371,853 $3,198,149 $-52,075
2020 $274,405 $343,624 $3,217,131 $-69,219
2019 $257,109 $389,340 $3,274,693 $-132,231
2018 $271,300 $381,891 $3,403,664 $-110,591
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