RURAL HOUSING PARTNERSHIP (EIN 541635676) - 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

1992

Legal Domicile

Principal Officer

BABS ZUHOWSKI

Phone

8047925079

Tax Period

2024-01-01 to 2024-12-31

GLOUCESTER HOUSING PARTNERSHIP INC, founded in 1992, is a small nonprofit in the Human Services sector that reported $106K in total revenue in fiscal year 2018. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $133K exceeded revenue, resulting in a 26% operating deficit.

Mission

ASSISTING INDIGENT ELDERLY AND DISABLED HOMEOWNERS WITH NO COST HOME REPAIRS INCLUDING RAMPS, BATHROOM CONVERSIONS, AND OTHER HOME-SAFETY REPAIRS. OUR GOAL IS TO MAKE HOMES SAFER AND PREVENT HOMELESSNESS

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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 $111,014

Program Service Revenue $0

Investment Income $77

Other Revenue $0

TOTAL REVENUE $111,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,240

Fundraising Expenses $8,298

Program Expenses $60,284

Other Expenses $51,311

TOTAL EXPENSES $94,551

Year-over-Year Comparison

	2024	2023	Change
Revenue	$111,091	$109,498	+0.0%
Expenses	$94,551	$110,658	-0.1%
Net Income	$16,540	$-1,160	-15.3%

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

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

$27,196

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNY JOYCE	DIRECTOR & PRESIDENT	3.00	Officer Director	$0	$0	$0
DON GARFIELD	DIRECTOR & TREASURER	2.00	Officer Director	$0	$0	$0
CLINTON D ROYE	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
BABS ZUHOWSKI	SECRETARY & DIRECTOR OF OPS	5.00	Officer	$20,006	$0	$20,006
CHAD J PLUM	DIRECTOR	1.00	Director	$0	$0	$0
JESSE BLACK	DIRECTOR	1.00	Director	$0	$0	$0
JILL EDMONDS-MICHEL	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN JONES	DIRECTOR	1.00	Director	$0	$0	$0
DR RICHARD HONABLUE	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD MOWRY	DIRECTOR	1.00	Director	$0	$0	$0
JEANNIE AUGUSTINE	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG BATES	DIRECTOR	1.00	Director	$0	$0	$0
CARLTON DREW	DIRECTOR	1.00	Director	$0	$0	$0
EMMA OSBORNE	DIRECTOR	1.00	Director	$0	$0	$0
N/A	EXECUTIVE DIRECTOR	5.00	Officer	$7,190	$0	$7,190

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	$111,091	$94,551	$55,335	$16,540
2023	$109,498	$110,658	$38,950	$-1,160
2022	$108,447	$151,608	$43,215	$-43,161
2021	$134,060	$115,740	$83,151	$18,320
2020	$154,125	$142,293	$66,741	$11,832
2019	$92,184	$92,881	$52,633	$-697
2018	$105,657	$133,316	$53,663	$-27,659

RURAL HOUSING PARTNERSHIP