GRANVILLE PLACE INC (EIN 581348601) - 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

1978

Legal Domicile

Principal Officer

AHAZ ARMSTRONG

Phone

3367653906

Tax Period

2023-07-01 to 2024-06-30

GRANVILLE PLACE INC, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. The organization ran a surplus of $240K, a strong 21% operating margin.

Mission

OWN AND OPERATE A 101 UNIT HUD-REGULATED APARTMENT COMPLEX FOR THE ELDERLY

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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 $775,746

Program Service Revenue $383,743

Investment Income $3,700

Other Revenue $0

TOTAL REVENUE $1,163,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $912,130

Other Expenses $923,374

TOTAL EXPENSES $923,374

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,163,189	$1,104,153	+0.1%
Expenses	$923,374	$903,905	+0.0%
Net Income	$239,815	$200,248	+0.2%

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

$120,248

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG PEATROSS	PRESIDENT	0.00	Officer Director	$0	$0	$0
MALLORY OLDHAM	SECRETARY	0.00	Officer Director	$0	$0	$0
GARRY MERRITT	DIRECTOR	0.00	Director	$0	$0	$0
DIANE EVANS	DIRECTOR	0.00	Director	$0	$0	$0
TAMMY VERNON	TREASURER	0.20	Officer	$0	$0	$120,248

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	No data	No data	No data	No data
2024	$1,163,189	$923,374	$2,036,762	$239,815
2023	$1,104,153	$903,905	$2,000,135	$200,248
2022	$1,198,713	$912,529	$1,824,752	$286,184
2021	$1,050,787	$789,336	$1,509,930	$261,451
2020	$828,511	$760,119	$1,260,754	$68,392
2019	$798,543	$772,454	$1,247,445	$26,089

GRANVILLE PLACE INC