GROVE PLACE PARTNERS GP INC DBA TH… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

JULIA SPANN

Phone

5123561556

Tax Period

2024-04-01 to 2025-03-31

GROVE PLACE PARTNERS GP INC DBA THE SAFE ALLIANCE AFFORDABLE HOUSING CORP, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.6M left a modest 4% surplus.

Mission

PROVIDING AFFORDABLE HOUSING TO LOW-INCOME AND MODERATE-INCOME PEOPLE IN TRAVIS COUNTY, TEXAS

Program Service Accomplishments

Program 1

Expenses: $2,567,336 Revenue: $2,422,053

ENHANCING THE CREATION OF NEW HOUSING AND THE REHABILITATION OF EXISTING HOUSING IN NEIGHBORHOODS LOCATED IN TRAVIS COUNTY, WITH SPECIAL EMPHASIS PLACED ON CREATING RENTAL HOUSING FOR LOW-INCOME AND MODERATE-INCOME FAMILIES, PROMOTING AND CREATING PROGRAMS TOENCOURAGE HEALTH AND SOCIAL SERVICES IN LOW-INCOME AND MODERATE-INCOME NEIGHBORHOODS, PROVIDING HOUSING THAT IS AFFORDABLE TO LOW-INCOME AND MODERATE-INCOME CLIENTS OF THE SAFE ALLIANCE AND CREATING A SAFE, STABLE ENVIRONMENT FOR FAMILIES TO REBUILD THEIR LIVES.

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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 $50,000

Program Service Revenue $2,422,053

Investment Income $209,435

Other Revenue $0

TOTAL REVENUE $2,681,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $419,330

Fundraising Expenses $0

Program Expenses $2,567,336

Other Expenses $2,155,056

TOTAL EXPENSES $2,574,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,681,488	$2,273,005	+0.2%
Expenses	$2,574,386	$2,403,846	+0.1%
Net Income	$107,102	$-130,841	-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

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

$201,729

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SIMONS	BOARD CHAIR	1.00	Director	$0	$0	$0
DARILYN BIELER	DIRECTOR	1.00	Director	$0	$0	$0
KRISTA DEL GALLO	DIRECTOR	1.00	Director	$0	$0	$0
GRETCHEN ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
ANTONIO GARZA	DIRECTOR	1.00	Director	$0	$0	$0
TAMARA KILNDT	DIRECTOR	1.00	Director	$0	$0	$0
SOPHIA MAKRIS	DIRECTOR	1.00	Director	$0	$0	$0
THOMASINA TIJERINA	DIRECTOR	1.00	Director	$0	$0	$0
JULIA SPANN	EXECUTIVE DIRECTOR	1.00	Officer	$0	$22,327	$201,729

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	$2,681,488	$2,574,386	$29,074,721	$107,102
2024	$2,273,005	$2,403,846	$18,306,468	$-130,841
2023	$3,045,950	$2,257,295	$16,002,417	$788,655
2022	$1,966,816	$1,783,087	$9,872,862	$183,729
2021	$1,968,957	$1,832,821	$9,865,079	$136,136
2019	$138,254	$17,046	$616,263	$121,208
2018	$145,825	$12,577	$572,605	$133,248

GROVE PLACE PARTNERS GP INC DBA THE SAFE ALLIANCE AFFORDABLE HOUSING CORP