GREENVILLE RE-DEVELOPMENT CORPORATION (EIN 471060223) - 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

Principal Officer

RACQUEL E COLLIER

Phone

8644674250

Tax Period

2023-01-01 to 2023-12-31

GREENVILLE RE-DEVELOPMENT CORPORATION, founded in 2014, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.8M exceeded revenue, resulting in a 53% operating deficit.

Mission

TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING IN GREENVILLE, SOUTH CAROLINA.

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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 $1,130,374

Program Service Revenue $629,833

Investment Income $65,913

Other Revenue $0

TOTAL REVENUE $1,826,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $410,699

Fundraising Expenses $0

Program Expenses $2,342,043

Other Expenses $2,390,262

TOTAL EXPENSES $2,800,961

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,826,120	$1,677,439	+0.1%
Expenses	$2,800,961	$2,822,526	0.0%
Net Income	$-974,841	$-1,145,087	-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

N/A

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
PETER BYFORD	Director	0.25	Director	$0	$0	$0
RACQUEL E COLLIER	CHAIR	0.25	Director	$0	$0	$0
PATIENCE JOHNSON	Director	0.25	Director	$0	$0	$0
ERICKA REYES	VICE CHAIR	0.25	Director	$0	$0	$0
JACQUELINE BURTON MILLS	Director	0.25	Director	$0	$0	$0
RACHEL KEPLEY	Director	0.25	Director	$0	$0	$0
CATINA ABERCROMBIE	Director	0.25	Director	$0	$0	$0
TERRIL BATES	President & CEO	8.00	Officer	$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	$1,826,120	$2,800,961	$16,794,239	$-974,841
2022	$1,677,439	$2,822,526	$17,844,197	$-1,145,087
2021	$1,767,760	$2,437,383	$19,092,060	$-669,623
2020	$1,202,130	$1,949,077	$14,663,472	$-746,947
2019	$1,227,498	$1,696,097	$15,336,893	$-468,599
2018	$1,226,112	$3,363,853	$15,840,646	$-2,137,741

GREENVILLE RE-DEVELOPMENT CORPORATION