GAINESVILLE HOUSING DEVELOPMENT & MANAGEMENT CORP (EIN 464552701) - 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

2014

Legal Domicile

Phone

3528725500

Tax Period

2023-01-01 to 2023-12-31

GAINESVILLE HOUSING DEVELOPMENT & MANAGEMENT CORP, founded in 2014, is a small nonprofit in the Housing & Shelter sector that reported $369K in total revenue in fiscal year 2023. Net assets of $791K represent 26 months of operating reserves.

Mission

GHDMC provides affordable housing to low and moderate income households in the City of Gainesville Florida and the County of Alachua Florida.

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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 $39,000

Program Service Revenue $10,067

Investment Income $226

Other Revenue $319,918

TOTAL REVENUE $369,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,105

Fundraising Expenses $0

Program Expenses $389,606

Other Expenses $340,501

TOTAL EXPENSES $389,606

Year-over-Year Comparison

	2023	2022	Change
Revenue	$369,211	$368,980	+0.0%
Expenses	$389,606	$413,333	-0.1%
Net Income	$-20,395	$-44,353	-0.5%

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

$423,130

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pamela E Davis	Secretary	5.00	Officer	$22,243	$211,565	$423,130
Angela Tharpe	President	0.50	Director	$0	$0	$0
Ralph Hilliard	Director	0.50	Director	$0	$0	$0
Gigi Simmons	Direcotr	0.50	Director	$0	$0	$0
LaTonya Porter	Director	0.50	Director	$0	$0	$0
Craig Carter	Director	0.50	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	$369,211	$389,606	$1,832,589	$-20,395
2023	$369,211	$388,750	$1,832,074	$-19,539
2022	$368,980	$413,333	$1,889,250	$-44,353
2021	$588,752	$427,166	$1,986,928	$161,586
2020	$387,145	$446,113	$1,927,818	$-58,968

GAINESVILLE HOUSING DEVELOPMENT & MANAGEMENT CORP