GASTON RESIDENTIAL SERVICES INC

EIN: 510138261 501(c)(3) Human Services

GASTONIA, NC

Total Revenue
$6,297,466
Total Expenses
$5,192,839
Total Assets
$5,261,469
Net Assets
$3,726,537
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
NC
Principal Officer
DARLENE NORTON
Phone
7048619280
Tax Period
2023-07-01 to 2024-06-30

GASTON RESIDENTIAL SERVICES INC, founded in 1975, is a community nonprofit in the Human Services sector that reported $6.3M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 18% operating margin.

Mission

TO SUPPORT & EMPOWER PERSONS WITH DISABILITIES SO THEY CAN LIVE THEIR LIVES AS RESPECTED MEMBERS OF THEIR COMMUNITY BY PROVIDING RESIDENTIAL, EMPLOYMENT & OTHER SERVICES.

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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 $0
Program Service Revenue $6,190,192
Investment Income $107,274
Other Revenue $0
TOTAL REVENUE $6,297,466

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,313,128
Fundraising Expenses $0
Program Expenses $4,107,735
Other Expenses $1,879,711
TOTAL EXPENSES $5,192,839

Year-over-Year Comparison

2023 2022 Change
Revenue $6,297,466 $5,574,780 +0.1%
Expenses $5,192,839 $4,985,859 +0.0%
Net Income $1,104,627 $588,921 +0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
85
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
6
$349,410
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES HOYLE MEMBER 0.20
Director
$0 $0 $0
SELINA W LEE MEMBER 0.20
Director
$0 $0 $0
LARRY L CAPPS MEMBER 0.20
Director
$0 $0 $0
KAREN MORGAN MEMBER 0.20
Director
$0 $0 $0
ALICE B CARPENTER MEMBER 0.20
Director
$0 $0 $0
JOHN RUSSELL MEMBER 0.20
Director
$0 $0 $0
JOE GRIGG MEMBER 0.20
Director
$0 $0 $0
JOANNE M MITCHELL MEMBER 0.20
Director
$0 $0 $0
LYNETTE G DEMPERIO BOARD SECRETARY/TREASURER 0.20
Officer Director
$0 $0 $0
PAUL BRINTLEY VICE CHAIRMAN 0.20
Officer Director
$0 $0 $0
ZED BRADLEY CHAIRMAN 0.20
Officer Director
$0 $0 $0
JAMES R KELLOGG MEMBER 0.20
Director
$0 $0 $0
DARLENE NORTON PRESIDENT 23.00
Officer
$121,467 $17,835 $139,302
WENDY LEWIS HOUSER ASSISTANT SECRETARY 30.00
Officer
$81,759 $15,748 $97,507
TOM DAVIS SECRETARY/TREASURER 23.00
Officer
$104,092 $8,509 $112,601
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
2025 No data No data No data No data
2024 $6,297,466 $5,192,839 $5,261,469 $1,104,627
2023 $5,574,780 $4,985,859 $4,171,389 $588,921
2022 $3,957,943 $3,411,078 $3,583,881 $546,865
2021 $3,311,597 $2,961,123 $3,013,914 $350,474
2020 $3,276,137 $3,222,375 $2,753,187 $53,762
2019 $3,249,784 $3,420,350 $2,925,318 $-170,566
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