GASTON RESIDENTIAL DEVELOPMENT INC (EIN 561783959) - 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

1992

Legal Domicile

Principal Officer

DARLENE NORTON

Phone

7048619280

Tax Period

2024-07-01 to 2025-06-30

GASTON RESIDENTIAL DEVELOPMENT INC, founded in 1992, is a small nonprofit in the Human Services sector that reported $330K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $155K, a strong 47% operating margin.

Mission

GASTON RESIDENTIAL DEVELOPMENT, INC. IS A PRIVATE, NON-PROFIT CORPORATION ESTABLISHED TO PROVIDE SERVICES FOR PERSONS WITH DEVELOPMENTAL DISABILITIES TO HELP THEM TO LIVE IN THEIR COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $20,848

Program Service Revenue $0

Investment Income $189,780

Other Revenue $118,909

TOTAL REVENUE $329,537

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $174,516

TOTAL EXPENSES $174,516

Year-over-Year Comparison

	2024	2023	Change
Revenue	$329,537	$227,194	+0.5%
Expenses	$174,516	$122,331	+0.4%
Net Income	$155,021	$104,863	+0.5%

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

$278,744

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM PIERCE	MEMBER	0.10	Director	$0	$0	$0
RITA THUOT	MEMBER	0.10	Director	$0	$0	$0
CURTIS RANKIN	MEMBER	0.10	Director	$0	$0	$0
SAMUEL ROBINSON	MEMBER	0.10	Director	$0	$0	$0
LYNETTE G DEMPERIO	MEMBER	0.10	Director	$0	$0	$0
PAUL BRINTLEY	VICE CHAIRMAN	0.10	Officer Director	$0	$0	$0
JAMES E TOWERY	CHAIRMAN	0.10	Officer Director	$0	$0	$0
DARLENE NORTON	PRESIDENT	1.00	Officer	$0	$19,201	$152,496
TOM DAVIS	SECRETARY / TREASURER	1.00	Officer	$0	$8,995	$126,248

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	$329,537	$174,516	$3,411,987	$155,021
2024	$227,194	$122,331	$3,184,659	$104,863
2023	$224,974	$138,573	$2,995,927	$86,401
2022	$219,087	$100,467	$2,969,484	$118,620
2021	$587,611	$78,336	$1,781,957	$509,275
2020	$146,853	$85,053	$1,300,818	$61,800
2019	$150,146	$108,428	$1,249,122	$41,718

GASTON RESIDENTIAL DEVELOPMENT INC