GUILDFIELD HOUSING DEVELOPMENT COR… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

THELMA DICKERSON

Phone

4344321240

Tax Period

2023-01-01 to 2023-12-31

GUILDFIELD HOUSING DEVELOPMENT CORPORATION, founded in 1968, is a small nonprofit that reported $231K in total revenue in fiscal year 2023. The organization ran a surplus of $48K, a strong 21% operating margin.

Mission

TO PROVIDE QUALITY HOUSING FOR LOW TO MODERATE INCOME RESIDENTS OF THE COMMUNITY, AS WELL AS QUALITY AND SAFE HOUSING TO SENIORS AND TENANTS WITH LIMITED INCOME.

Program Service Accomplishments

Program 1

Expenses: $178,820 Revenue: $84,377

TO OPERATE A 30-UNIT APARTMENT COMPLEX FOR LOW TO MODERATE INCOME RESIDENTS IN CHATHAM, VA UNDER SECTION 515 OF THE NATIONAL HOUSING ACT.

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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 $143,888

Program Service Revenue $84,377

Investment Income $2,639

Other Revenue $0

TOTAL REVENUE $230,904

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,181

Fundraising Expenses $0

Program Expenses $178,820

Other Expenses $180,573

TOTAL EXPENSES $182,754

Year-over-Year Comparison

	2023	2022	Change
Revenue	$230,904	$222,172	+0.0%
Expenses	$182,754	$187,351	0.0%
Net Income	$48,150	$34,821	+0.4%

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

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
BERNARD MOTLEY	PRESIDENT	3.00	Officer Director	$0	$0	$0
GLORIA ECHOLS	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
KATIE JONES	SECRETARY	3.00	Officer Director	$0	$0	$0
THELMA DICKERSON	TREASURER	3.00	Officer Director	$0	$0	$0
REVA MORTON	AGENT	3.00	Officer Director	$0	$0	$0
CHARLES DAVIS	BOARD MEMBER	3.00	Director	$0	$0	$0
MARLON GLASS	BOARD MEMBER	3.00	Director	$0	$0	$0
LINWOOD WALLER	BOARD MEMBER	3.00	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	No data	No data	No data	No data
2023	$230,904	$182,754	$556,342	$48,150
2022	$222,172	$187,351	$538,937	$34,821
2021	$221,659	$153,232	$523,431	$68,427
2020	$203,373	$202,266	$485,925	$1,107
2019	$195,465	$189,810	$492,653	$5,655
2018	$195,246	$183,006	$507,818	$12,240

GUILDFIELD HOUSING DEVELOPMENT CORPORATION