Greenwood Elderly Housing Inc (EIN 581828192) - 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

1988

Legal Domicile

Principal Officer

Gerald Eickhoff

Phone

6783302000

Tax Period

2023-01-01 to 2023-12-31

Greenwood Elderly Housing Inc, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $487K in total revenue in fiscal year 2023. Expenses of $422K left a modest 13% surplus.

Mission

To own and operate a rental housing property for low-income elderly persons under section 202 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 $0

Program Service Revenue $484,529

Investment Income $2,007

Other Revenue $82

TOTAL REVENUE $486,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,589

Fundraising Expenses $0

Program Expenses $361,492

Other Expenses $301,442

TOTAL EXPENSES $422,031

Year-over-Year Comparison

	2023	2022	Change
Revenue	$486,618	$472,179	+0.0%
Expenses	$422,031	$457,032	-0.1%
Net Income	$64,587	$15,147	+3.3%

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

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
Gerald Eickhoff	President	1.00	Officer Director	$0	$0	$0
Joseph F Glenn	Vice President	1.00	Officer Director	$0	$0	$0
Elizabeth C Glenn	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Larry Gay Reagan	Director	1.00	Director	$0	$0	$0
Kim Delacey	Director	1.00	Director	$0	$0	$0
Robert L Reinhart	Director	1.00	Director	$0	$0	$0
Earleen S Abernathy	Director	1.00	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	$486,618	$422,031	$467,716	$64,587
2022	$472,179	$457,032	$460,741	$15,147
2021	$464,384	$421,695	$529,743	$42,689
2020	$455,786	$418,063	$516,474	$37,723
2019	$450,084	$442,363	$555,120	$7,721
2018	$441,993	$441,483	$566,525	$510

Greenwood Elderly Housing Inc