EPISCOPAL HOUSING DEVELOPMENT CORP OF GRENADA INC C/O SOUTHLAND MGMT CORP (EIN 640710857) - 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

1983

Legal Domicile

Principal Officer

MIKE NABORS

Phone

6019486401

Tax Period

2023-01-01 to 2023-12-31

EPISCOPAL HOUSING DEVELOPMENT CORP OF GRENADA INC C/O SOUTHLAND MGMT CORP, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $520K in total revenue in fiscal year 2023. Expenses of $501K left a modest 4% surplus.

Mission

TO PROVIDE SUBSIDIZED HOUSING TO THE ELDERLY.

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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 $37,504

Program Service Revenue $480,090

Investment Income $2,178

Other Revenue $0

TOTAL REVENUE $519,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,812

Fundraising Expenses $0

Program Expenses $467,329

Other Expenses $423,099

TOTAL EXPENSES $500,911

Year-over-Year Comparison

	2023	2022	Change
Revenue	$519,772	$512,827	+0.0%
Expenses	$500,911	$505,973	0.0%
Net Income	$18,861	$6,854	+1.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE NABORS	PRESIDENT	2.00	Officer Director	$0	$0	$0
DONNIE TOOLE	BOARD MEMBER	2.00	Director	$0	$0	$0
MAGGIE FERGUSON	BOARD MEMBER	2.00	Director	$0	$0	$0
MAE MAE HALEY	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2023	$519,772	$500,911	$1,924,798	$18,861
2022	$512,827	$505,973	$1,948,130	$6,854
2021	$509,737	$469,528	$1,975,000	$40,209
2020	$475,415	$466,405	$1,976,936	$9,010
2019	$472,091	$472,083	$2,002,088	$8
2018	$412,360	$454,845	$2,035,198	$-42,485

EPISCOPAL HOUSING DEVELOPMENT CORP OF GRENADA INC C/O SOUTHLAND MGMT CORP