GOLDEN THREAD HOUSING INC (EIN 611439262) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

TERRY JACOBSON

Phone

6414643832

Tax Period

2024-04-01 to 2025-03-31

GOLDEN THREAD HOUSING INC, founded in 2003, is a micro nonprofit in the Housing & Shelter sector that reported $53K in total revenue in fiscal year 2024. Revenue surged 523% from the prior year, signaling strong growth momentum.

Mission

ORGANIZATION PROVIDES 29 RENTAL UNITS TO LOW INCOME ELDERLY INDIVIDUALS UNDER A PROGRAM WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. ORGANIZATION RECEIVES SUBSIDY FOR RENTAL INCOME FROM HUD FOR PROVIDING SUCH SERVICE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $80,913

Program Service Revenue $0

Investment Income $1,341

Other Revenue $-29,578

TOTAL REVENUE $52,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,859

Fundraising Expenses $0

Program Expenses $55,639

Other Expenses $34,780

TOTAL EXPENSES $55,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,676	$8,457	+5.2%
Expenses	$55,639	$52,968	+0.1%
Net Income	$-2,963	$-44,511	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
ROBERT PORTER	Director	Director	$0	$0	$0
SARAH HETTINGER	Director	Director	$0	$0	$0
JERI LYTTON	RESIDENT MEMBER	Director	$0	$0	$0
GWENLYN TRULLINGER	RESIDENT MEMBER	Director	$0	$0	$0
TERRY JACOBSON	Vice President	Officer	$0	$0	$0
DIANNE RILEY	Secretary	Officer	$0	$0	$0
MARK BINNING	President	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	$52,676	$55,639	$1,500,329	$-2,963
2024	$8,457	$52,968	$1,505,452	$-44,511
2023	$-1,048	$50,238	$1,542,761	$-51,286
2022	$-5,290	$50,478	$1,594,433	$-55,768
2021	$-7,190	$44,904	$1,651,328	$-52,094
2020	$-18,291	$44,192	$1,702,159	$-62,483

GOLDEN THREAD HOUSING INC