GRESHAM HILLS INC

EIN: 593132303 501(c)(3) Housing & Shelter

FLORENCE, AL

Total Revenue
$377,410
Total Expenses
$388,727
Total Assets
$1,048,650
Net Assets
$-646,403
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
AL
Principal Officer
M KEITH MEDLEY
Phone
2059331020
Tax Period
2022-11-01 to 2023-10-31

GRESHAM HILLS INC, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $325K in total revenue in fiscal year 2019.

Mission

TO PROVIDE 40 SUPPORTIVE HOUSING UNITS UNDER SEC 202 OF THE HOUSING ACT OF 1959 FOR THE RESIDENTS OF FLORENCE, ALABAMA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $374,296
Investment Income $3,114
Other Revenue $0
TOTAL REVENUE $377,410

Expense Breakdown

Grants Paid $0
Salaries & Benefits $84,395
Fundraising Expenses $0
Program Expenses $350,645
Other Expenses $304,332
TOTAL EXPENSES $388,727

Year-over-Year Comparison

2022 2021 Change
Revenue $377,410 $344,474 +0.1%
Expenses $388,727 $393,453 0.0%
Net Income $-11,317 $-48,979 -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

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Governance

Voting Members
10
Independent Members
10
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
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KYLE BUTT OFFICER N/A
Officer
$0 $0 $0
STEVE CLARK OFFICER N/A
Officer
$0 $0 $0
JEFF LAWSON OFFICER N/A
Officer
$0 $0 $0
M KEITH MEDLEY OFFICER N/A
Officer
$0 $0 $0
MARION RUTHERFORD OFFICER N/A
Officer
$0 $0 $0
DAVID WILLINGHAM OFFICER N/A
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
2023 $377,410 $388,727 $1,048,650 $-11,317
2022 $344,474 $393,453 $1,062,032 $-48,979
2021 $333,332 $354,461 $1,107,579 $-21,129
2020 $325,160 $347,840 $1,138,436 $-22,680
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