GOLDENRULE HOUSING AND COMMUNITY DEVELOPMENT INC (EIN 593063080) - 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

1991

Legal Domicile

Principal Officer

CYNTHIA HAMILTON SMITH

Tax Period

2023-10-01 to 2024-09-30

GOLDENRULE HOUSING AND COMMUNITY DEVELOPMENT INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $355K in total revenue in fiscal year 2023. Revenue surged 4765% from the prior year, signaling strong growth momentum. Expenses of $324K left a modest 9% surplus.

Mission

WE SEEK TO SERVE THE VERY LOW TO MODERATE INCOME FAMILIES BY EDUCATING AND ASSISTING THE FAMILIES TO BECOME FIRST TIME HOMEBUYERS. HOWEVER, OUR SERVICES ARE AVAILABLE TO ALL. RECIPIENTS FOR LOW TO MODERATE INCOME FAMILIES ARE BASED ON THE INCOME GUIDELINES THAT ARE DETERMINED BY HUD AND RUAL PROGRAMS. GOLDEN RULE HOUSING AND COMMUNITY DEVELOPMENT WILL GIVE BACK TO THE COMMUNITY BY WAY OF PROVIDING FREE RESOURCE AND REFERRAL SERVICES AND PROVIDING SERVICES BELOW MARKET RATES. 100% OF THE ORGANIZATION'S TIME IS SPENT ON THIS ACTIVITY. THE ACTIVITY IS FUNDING BY DONATIONS, MAIL SOLICITATIONS, PHONE SOLICITATIONS, AND EMAIL SOLICITATIONS.

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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 $6,360

Program Service Revenue $348,546

Investment Income $167

Other Revenue $100

TOTAL REVENUE $355,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,498

Fundraising Expenses $0

Program Expenses $292,858

Other Expenses $320,424

TOTAL EXPENSES $323,922

Year-over-Year Comparison

	2023	2022	Change
Revenue	$355,173	$7,301	+47.6%
Expenses	$323,922	$17,250	+17.8%
Net Income	$31,251	$-9,949	-4.1%

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
CYNTHIA HAMILTON SMITH	EXECUTIVE DI	N/A	Officer	$0	$0	$0
CALVIN HENDERSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
JULIA LEWIS	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
WILBERT BRYANT	TREASURER	6.00	Officer Director	$0	$0	$0
CARSHEENA BAKER	MEMBER	6.00	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	$355,173	$323,922	$49,708	$31,251

GOLDENRULE HOUSING AND COMMUNITY DEVELOPMENT INC