GREATER NEW HOPE TOWERS (EIN 521258993) - 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

1978

Legal Domicile

Principal Officer

WILLIAM BOOKER

Phone

4102250003

Tax Period

2023-01-01 to 2023-12-31

GREATER NEW HOPE TOWERS, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. Expenses of $1.5M left a modest 6% surplus.

Mission

TO PROVIDE AFFORDABLE AND WELL-DESIGNED HOUSING FOR THE ELDERLY.

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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 $1,378,751

Program Service Revenue $197,240

Investment Income $1,745

Other Revenue $0

TOTAL REVENUE $1,577,736

Expense Breakdown

Grants Paid $0

Salaries & Benefits $414,231

Fundraising Expenses $0

Program Expenses $1,479,104

Other Expenses $1,064,873

TOTAL EXPENSES $1,479,104

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,577,736	$1,494,120	+0.1%
Expenses	$1,479,104	$1,478,734	+0.0%
Net Income	$98,632	$15,386	+5.4%

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

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY NORFLEET	MEMBER	0.10	Director	$0	$0	$0
REV HARTMAN LEWIS	MEMBER	0.10	Director	$0	$0	$0
REV MARVIN EVANS	MEMBER	0.10	Director	$0	$0	$0
MAUREEN HOLBROOK	MEMBER	0.10	Director	$0	$0	$0
LEROY MORANT	MEMBER	0.10	Director	$0	$0	$0
GLADYS WILLIS	SECRETARY	0.10	Director	$0	$0	$0
WILLIAM BOOKER	PRESIDENT	1.00	Officer	$0	$0	$0
ROSE JONES	MEMBER	1.00	Officer	$0	$0	$0
REV LINWOOD ROBINSON	VICE PRESIDENT	1.00	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
2023	$1,577,736	$1,479,104	$3,091,958	$98,632
2022	$1,494,120	$1,478,734	$3,285,069	$15,386
2021	$1,585,046	$1,298,426	$3,066,134	$286,620
2020	$1,429,275	$1,313,195	$2,883,248	$116,080
2019	$1,422,658	$1,421,663	$2,845,810	$995
2018	$1,449,792	$1,363,612	$2,953,840	$86,180

GREATER NEW HOPE TOWERS