GREENVILLE HOUSING DEVELOPMENT CORP (EIN 582075935) - 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

1982

Legal Domicile

Principal Officer

EDWARD BLAND

Phone

2523294091

Tax Period

2023-10-01 to 2024-09-30

GREENVILLE HOUSING DEVELOPMENT CORP, founded in 1982, is a small nonprofit in the Housing & Shelter sector that reported $666K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 52% operating deficit.

Mission

THE GOAL OF THE ORGANIZATION IS TO ASSIST HOMEOWNERS, HOMEBUYERS, AND RENTERS WITH ACQUIRING AND OR RETAINING A HOME OF THEIR OWN. IN ADDITION THE ORGANIZATION PROVIDED HOUSING TO LOW INCOME DISABLED AND ELDERLY INDIVIDUALS.

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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 $22,300

Program Service Revenue $630,953

Investment Income $10,107

Other Revenue $2,382

TOTAL REVENUE $665,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,915

Fundraising Expenses $0

Program Expenses $990,616

Other Expenses $942,382

TOTAL EXPENSES $1,013,297

Year-over-Year Comparison

	2023	2022	Change
Revenue	$665,742	$762,232	-0.1%
Expenses	$1,013,297	$920,876	+0.1%
Net Income	$-347,555	$-158,644	+1.2%

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

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

$191,663

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD BLAND	SECRETARY /	3.00	Officer	$70,915	$0	$191,663
BRENDA COGGINS	COMMUNITY BO	N/A	Director	$0	$0	$0
GARY DAVIS	PRESIDENT	N/A	Officer Director	$0	$0	$0
GWENDOLYN GREENE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BOBBY HARDY	COMMUNITY BO	N/A	Director	$0	$0	$0
YOLANDA KEYS	COMMUNITY BO	N/A	Director	$0	$0	$0
CHARLES LODGE	COMMUNITY BO	N/A	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	$665,742	$1,013,297	$8,541,784	$-347,555
2023	$1,073,679	$985,571	$8,853,213	$88,108
2022	$762,232	$920,876	$8,879,890	$-158,644
2021	$710,996	$870,799	$9,119,712	$-159,803
2020	$670,034	$935,709	$9,358,995	$-265,675

GREENVILLE HOUSING DEVELOPMENT CORP