DRAYMONT HOUSING CORPORATION (EIN 562381978) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

CANDACE TIMMERMAN

Phone

8035361056

Tax Period

2024-10-01 to 2025-09-30

DRAYMONT HOUSING CORPORATION, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $147K in total revenue in fiscal year 2024. Net assets of $592K represent 48 months of operating reserves.

Mission

DRAYMONT HOUSING CORPORATION IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 24 UNIT COMMUNITY KNOWN AS DRAYMONT RIDGE APARTMENTS LOCATED IN SPARTANBURG, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $89,664

Program Service Revenue $54,840

Investment Income $1,916

Other Revenue $581

TOTAL REVENUE $147,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $124,957

Other Expenses $159,469

TOTAL EXPENSES $159,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$147,001	$140,439	+0.0%
Expenses	$159,469	$142,647	+0.1%
Net Income	$-12,468	$-2,208	+4.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN THOMAS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DENISE FRANKLIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JIM BOYD	TREASURER	1.00	Officer Director	$0	$0	$0
ALYSON RAINEY	DIRECTOR	1.00	Director	$0	$0	$0
BRITT GILLESPIE	DIRECTOR	1.00	Director	$0	$0	$0
IRENE HAMILTON-JONES	DIRECTOR	1.00	Director	$0	$0	$0
MARK O'ROURKE	DIRECTOR	1.00	Director	$0	$0	$0
JACK READ	DIRECTOR	1.00	Director	$0	$0	$0
LESLEE O'KELLY	DIRECTOR	1.00	Director	$0	$0	$0
JULIA MULLEN	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA SALVINI	DIRECTOR	1.00	Director	$0	$0	$0
GARY STANCELL	DIRECTOR	1.00	Director	$0	$0	$0
NAOMI RUSKTIKOVA	DIRECTOR	1.00	Director	$0	$0	$0
CANDACE TIMMERMAN	PRESIDENT	40.00	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	$147,001	$159,469	$606,837	$-12,468
2024	$140,439	$142,647	$624,842	$-2,208
2023	$132,966	$141,745	$633,922	$-8,779
2022	$154,768	$127,601	$627,464	$27,167
2021	$149,124	$111,836	$665,197	$37,288
2020	$141,482	$116,220	$638,381	$25,262
2019	$128,517	$126,125	$615,989	$2,392

DRAYMONT HOUSING CORPORATION