DOWNTOWN CHURCHES UNITED- GILLFIELD HOUSING CORPORATION (EIN 510226980) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

Michael Shannon

Phone

8047484649

Tax Period

2024-01-01 to 2024-12-31

DOWNTOWN CHURCHES UNITED- GILLFIELD HOUSING CORPORATION, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2018. The organization ran a surplus of $180K, a strong 16% operating margin.

Mission

ELDERLY LOW INCOME HOUSING

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,224,832

Investment Income $247

Other Revenue $0

TOTAL REVENUE $1,225,079

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $996,736

Other Expenses $996,736

TOTAL EXPENSES $996,736

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,225,079	$1,133,395	+0.1%
Expenses	$996,736	$1,018,336	0.0%
Net Income	$228,343	$115,059	+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

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
Michael E Shannon	President	1.00	Director	$0	$0	$0
Alice Kropp	Vice President	1.00	Director	$0	$0	$0
Dr Porcher Taylor	Director	1.00	Director	$0	$0	$0
Col Ronald Sutton	Director	1.00	Director	$0	$0	$0
Dr Donatus Amaram	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
2024	$1,225,079	$996,736	$1,661,317	$228,343
2023	$1,133,395	$1,018,336	$1,653,132	$115,059
2022	$1,108,880	$967,508	$1,752,168	$141,372
2021	$1,170,227	$928,144	$1,792,512	$242,083
2020	$1,133,040	$891,204	$1,784,852	$241,836
2019	$1,111,823	$901,605	$1,779,211	$210,218
2018	$1,104,914	$925,141	$1,794,007	$179,773

DOWNTOWN CHURCHES UNITED- GILLFIELD HOUSING CORPORATION