GREENWOOD HOMES INC

EIN: 581992657 501(c)(3) Human Services

BIRMINGHAM, AL

Total Revenue
$76,934
Total Expenses
$84,143
Total Assets
$241,283
Net Assets
$-392,225
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
AL
Principal Officer
PATRICK HASSELL
Phone
2058337925
Tax Period
2024-10-01 to 2025-09-30

GREENWOOD HOMES INC, founded in 1996, is a micro nonprofit in the Human Services sector that reported $72K in total revenue in fiscal year 2019.

Mission

TO PROVIDE LOW INCOME HOUSING

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $76,220
Investment Income $714
Other Revenue $0
TOTAL REVENUE $76,934

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $77,173
Other Expenses $84,143
TOTAL EXPENSES $84,143

Year-over-Year Comparison

2024 2023 Change
Revenue $76,934 $80,937 0.0%
Expenses $84,143 $112,160 -0.2%
Net Income $-7,209 $-31,223 -0.8%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK HASSELL PRESIDENT 0.00
Director
$0 $0 $0
TERRI HARVILL BOARD MEMBER 0.00
Director
$0 $0 $0
RACHELLE CATHER BOARD MEMBER 0.00
Director
$0 $0 $0
ERIN MURDOCH BOARD MEMBER 0.00
Director
$0 $0 $0
TAMMIE BENNETT BOARD MEMBER 0.00
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
2025 $76,934 $84,143 $241,283 $-7,209
2024 $80,937 $112,160 $249,295 $-31,223
2023 $84,240 $104,012 $261,431 $-19,772
2022 $81,741 $101,674 $284,685 $-19,933
2021 $77,310 $87,658 $286,849 $-10,348
2020 $72,040 $71,067 $301,376 $973
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