GS HOUSING INCORPORATED

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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

1985

Legal Domicile

Principal Officer

PAMELA WASSEL

Phone

4107726721

Tax Period

2022-07-01 to 2023-06-30

GS HOUSING INCORPORATED, founded in 1985, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2022. Revenue decreased 14% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

GS HOUSING, INC. IS ORGANIZED AND OPERATED TO PROVIDE LOW INCOME HOUSING FOR THE POOR AND ELDERLY. THE ORGANIZATION OPERATES A 94-UNIT, RENT-SUBSIDIZED APARTMENT FACILITY FOR INDIVIDUALS WHO ARE AT LEAST 62 YEARS OF AGE, HANDICAPPED OR DISABLED. ALL RESIDENTS MUST MEET DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT INCOME LIMITS, AND ARE OBLIGATED TO PAY ONLY A PERCENTAGE OF THEIR ADJUSTED GROSS INCOME FOR RENT.

Program Service Accomplishments

Program 1

Expenses: $1,748,907 Revenue: $544,323

GS HOUSING, INC. PROVIDES FEDERALLY SUBSIDIZED HOUSING FOR THE POOR AND ELDERLY RESIDENTS OF GOOD SAMARITAN HOSPITAL'S COMMUNITY. THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,102,828

Program Service Revenue $381,040

Investment Income $1,384

Other Revenue $190,805

TOTAL REVENUE $1,676,057

Expense Breakdown

Grants Paid $0

Salaries & Benefits $321,190

Fundraising Expenses $0

Program Expenses $1,748,907

Other Expenses $1,546,966

TOTAL EXPENSES $1,868,156

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,676,057	$1,944,535	-0.1%
Expenses	$1,868,156	$1,874,593	0.0%
Net Income	$-192,099	$69,942	-3.7%

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

$713,026

Total Directors

$1,687,034

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY CHAMBERS	DIRECTOR	1.00	Director	$0	$57,000	$1,687,034
DAN CAHILL	CHAIR	1.00	Director	$0	$0	$0
DEANA STOUT	TREASURER	1.00	Officer	$0	$51,916	$586,998
PAMELA WASSEL	PRESIDENT	20.00	Officer	$54,983	$16,062	$126,028
FATHER LARRY JOHNSON	SECRETARY	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,676,057	$1,868,156	$2,249,321	$-192,099
2022	$1,944,535	$1,874,593	$2,540,693	$69,942
2021	$1,579,843	$1,597,657	$2,558,994	$-17,814
2020	$1,709,988	$1,714,489	$2,699,112	$-4,501
2019	$1,650,242	$1,765,830	$2,836,220	$-115,588