GREENSBORO HOUSING MANAGEMENT CORP (EIN 455440133) - 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

Legal Domicile

Principal Officer

JAMES COX

Phone

3362758501

Tax Period

2023-01-01 to 2023-12-31

GREENSBORO HOUSING MANAGEMENT CORP is a small nonprofit in the Housing & Shelter sector that reported $724K in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. Net assets of $7.6M represent 127 months of operating reserves.

Mission

TO DEVELOP AND PROVIDE LOW INCOME HOUSING

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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 $597,763

Program Service Revenue $64,942

Investment Income $61,665

Other Revenue $0

TOTAL REVENUE $724,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $715,067

Other Expenses $715,067

TOTAL EXPENSES $715,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$724,370	$2,316,212	-0.7%
Expenses	$715,067	$694,503	+0.0%
Net Income	$9,303	$1,621,709	-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

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

$753,046

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG THORNE	CHAIR	1.00	Director	$0	$0	$0
SANDRA NEERMAN	VICE CHAIR	1.00	Director	$0	$0	$0
CHRIS BOOZER	DIRECTOR	1.00	Director	$0	$0	$0
SOFIA CRISP	DIRECTOR	1.00	Director	$0	$0	$0
WOODROW DAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
JOSIE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES COX	CEO	13.00	Officer	$0	$47,192	$331,754
MEREDITH DAYE	COO	13.00	Officer	$0	$22,721	$219,202
NEIKELLE FERRIS	CFO	1.00	Officer	$0	$56,488	$202,090

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	$724,370	$715,067	$7,884,777	$9,303
2022	$2,316,212	$694,503	$7,697,889	$1,621,709
2021	$1,406,372	$770,179	$6,228,350	$636,193
2020	$2,322,593	$1,200,522	$5,733,123	$1,122,071
2019	$5,900,819	$1,474,233	$4,693,692	$4,426,586
2018	$1,473,426	$1,154,797	$262,952	$318,629

GREENSBORO HOUSING MANAGEMENT CORP