GLADSTONE HOUSING INC (EIN 582168448) - 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

1994

Legal Domicile

Principal Officer

AHAZ ARMSTRONG

Phone

3367653906

Tax Period

2024-07-01 to 2025-06-30

GLADSTONE HOUSING INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $146K in total revenue in fiscal year 2024. Expenses of $188K exceeded revenue, resulting in a 29% operating deficit.

Mission

OWN AND OPERATE A 12 UNIT APARTMENT COMPLEX UNDER SECTION 811 OF THE NATIONAL HOUSING ACT OF 1959 FOR THE PHYSICALLY HANDICAPPED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $100,484

Program Service Revenue $45,183

Investment Income $7

Other Revenue $0

TOTAL REVENUE $145,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $180,635

Other Expenses $188,476

TOTAL EXPENSES $188,476

Year-over-Year Comparison

	2024	2023	Change
Revenue	$145,674	$135,877	+0.1%
Expenses	$188,476	$165,366	+0.1%
Net Income	$-42,802	$-29,489	+0.5%

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

$121,695

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 M 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	OUTGOING TREASURER	0.20	Officer	$0	$0	$121,695
AHAZ ARMSTRONG	TREASURER	0.20	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	$145,674	$188,476	$552,010	$-42,802
2024	$135,877	$165,366	$603,016	$-29,489
2023	$133,178	$194,865	$649,453	$-61,687
2022	$134,058	$155,891	$669,571	$-21,833
2021	$134,491	$153,487	$689,771	$-18,996
2020	$127,100	$154,352	$760,521	$-27,252
2019	$129,933	$152,230	$747,320	$-22,297

GLADSTONE HOUSING INC