GIS HOUSING III INC (EIN 592810028) - 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

1977

Legal Domicile

Phone

7275231512

Tax Period

2024-07-01 to 2025-06-30

GIS HOUSING III INC, founded in 1977, is a small nonprofit that reported $724K in total revenue in fiscal year 2024. Expenses of $679K left a modest 6% surplus.

Mission

TO PROVIDE, ON A NOT-FOR-PROFIT, CHARITABLE BASIS, SUBSIDIZED RENTAL HOUSING FACILITIES AND SERVICES TO PEOPLE WHO ARE DISABLED OR ELDERLY, DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS.

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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 $0

Program Service Revenue $713,957

Investment Income $1,969

Other Revenue $7,718

TOTAL REVENUE $723,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,720

Fundraising Expenses $0

Program Expenses $369,955

Other Expenses $546,582

TOTAL EXPENSES $679,302

Year-over-Year Comparison

	2024	2023	Change
Revenue	$723,644	$688,579	+0.1%
Expenses	$679,302	$557,915	+0.2%
Net Income	$44,342	$130,664	-0.7%

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

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

$600,282

Total Directors

$600,282

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLE PHILIPSON	SECRETARY/TREASURER (THRU 9/2024); VICE CHAIR (AS OF 10/2024)	0.1	Officer Director	$0	$0	$0
DEBORAH PASSERINI	PRES./CEO AT GOODWILL IND-SUN.	1.0	Officer Director	$0	$67,673	$600,282
ED RADER	CHAIR (THRU 9/2024)	0.1	Officer Director	$0	$0	$0
HEATHER CERESOLI	VICE CHAIR (THRU 9/2024); CHAIR (AS OF 10/2024)	0.1	Officer Director	$0	$0	$0
SHAUNA BURKES	SECRETARY/TREASURER (AS OF 10/2024)	0.1	Officer Director	$0	$0	$0
BOB WABBERSEN	DIRECTOR	0.1	Director	$0	$0	$0
CHRISTINA ELAM	DIRECTOR	0.1	Director	$0	$0	$0
ROBERT DOBKOWSKI	DIRECTOR	0.1	Director	$0	$0	$0
SANDRA YOUNG	DIRECTOR	0.1	Director	$0	$0	$0
STEVE ERICKSON	DIRECTOR (AS OF 10/2024)	0.1	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	$723,644	$679,302	$962,032	$44,342
2024	$688,579	$557,915	$962,452	$130,664
2023	$661,110	$541,687	$928,698	$119,423
2022	$643,533	$559,116	$955,883	$84,417
2021	$638,538	$599,855	$990,961	$38,683

GIS HOUSING III INC