GIBSON AREA HOUSE REHAB FOUNDATION

EIN: 460919739 501(c)(3) Community Improvement

GIBSON CITY, IL

Total Revenue
$578,912
Total Expenses
$201,184
Total Assets
$377,779
Net Assets
$377,779
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
IL
Principal Officer
RICK KERCHANFAUT
Phone
2173699816
Tax Period
2021-02-01 to 2022-01-31

GIBSON AREA HOUSE REHAB FOUNDATION is a small nonprofit in the Community Improvement sector that reported $579K in total revenue in fiscal year 2021. Revenue surged 75575% from the prior year, signaling strong growth momentum. The organization ran a surplus of $378K, a strong 65% operating margin.

Mission

PRIMARY MISSION EXAMINE, APPRAISE AND DIRECT REHAT OF HOMES PRIVATELY OWNED AND INHABITTED BY INDIVIDUALS WITH LOW INCOME SECONDARY MISSION FACILITATE REHAP OF HOMES AFTER FLOOD OF 2021 BY DIRECTING FUNDS AND RESOURCES TO BRING HOMES BACK TO THEIR CONDITION BEFORE THE FLOOD

Program Service Accomplishments

Program 1
Expenses: $1,087 Revenue: $578,912

A PROTOCOL WAS DEVELOPED TO EVALUATE AND APPROVE OF THE DISBURSEMENT OF THE FUNDS BASED ON CRITERIA SET UP IN PHASES OF RECONSTRUCTION PHASE 1 INCLUDED FUNDS NEEDED FOR CLEANUP AND ESSENTIAL...

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A PROTOCOL WAS DEVELOPED TO EVALUATE AND APPROVE OF THE DISBURSEMENT OF THE FUNDS BASED ON CRITERIA SET UP IN PHASES OF RECONSTRUCTION PHASE 1 INCLUDED FUNDS NEEDED FOR CLEANUP AND ESSENTIAL APPLIANCES INCLUDING FURNACES AND WATER HEARTERS AS WELL AS MOLD REMEDIATION. CONSTRUCTION AND FOUNDATION RESORATION WERE THE NEXT PHASES. REIMBURSEMENT FOR FLOOD RELATED EXPENSES VERIFIED BY RECEIPTS IS THE FINAL PHASE TO ADMINISTER. DAMAGES ARE STILL IN PROCESS OF BEING FIXED WITH REMAINDER OF THE FUNDS TO BE DISPERSED IN 2022

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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 (2021)

Revenue Breakdown

Contributions & Grants $578,912
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $578,912

Expense Breakdown

Grants Paid $200,097
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,087
Other Expenses $1,087
TOTAL EXPENSES $201,184

Year-over-Year Comparison

2021 2020 Change
Revenue $578,912 $765 +755.7%
Expenses $201,184 $1,137 +175.9%
Net Income $377,728 $-372 -1016.4%
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
N/A
Independent Members
N/A
Employees
N/A
Volunteers
12

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAYMOND E LANTZ III PRESIDENT 1.00
Officer Director
$0 $0 $0
AMY HOOD VICE PRRESIDENT 1.00
Officer Director
$0 $0 $0
DENIS FISHER SECRETARY 1.00
Officer Director
$0 $0 $0
RICK KERCHANFAUT TREASURER 1.00
Officer Director
$0 $0 $0
JERRY MINION DIRECTOR 1.00
Director
$0 $0 $0
PHILLIP NOELLSCH DIRECTORS 1.00
Director
$0 $0 $0
CHRISTIE CUSHMAN DIRECTORS 1.00
Director
$0 $0 $0
STEVE CUSHMAN DIRECTOR 1.00
Director
$0 $0 $0
NICK CARLSON DIRECTOR 1.00
Director
$0 $0 $0
LAURA BENNINGFIELD DIRECTOR 1.00
Director
$0 $0 $0
KELLY BEAN DIRECTOR 1.00
Director
$0 $0 $0
RANDY STAUFFER 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
2022 $578,912 $201,184 $377,779 $377,728
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