GIBRALTAR DEVELOPEMENT CORPORATION

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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

2005

Legal Domicile

Principal Officer

Chris Martin

Phone

2627864442

Tax Period

2020-01-01 to 2020-12-31

GIBRALTAR DEVELOPEMENT CORPORATION, founded in 2005, is a small nonprofit that reported $216K in total revenue in fiscal year 2020.

Mission

Gibraltar serves one client: the City of Milwaukee, WI. The city provides funding to upgrade low income housing. This results in more desirable properties in low income areas, improves land values and reduces crime rates. Gibraltar manages the rehabilitation of these properties.

Program Service Accomplishments

Program 1

Expenses: $216,033 Revenue: $215,557

Managed the rehabilitation of low-income housing

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $215,557

Investment Income $0

Other Revenue $0

TOTAL REVENUE $215,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $216,033

Other Expenses $216,033

TOTAL EXPENSES $216,033

Year-over-Year Comparison

	2020	2019	Change
Revenue	$215,557	$215,557	N/A
Expenses	$216,033	$216,033	N/A
Net Income	$-476	$-476	N/A

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher Martin	President	40	Director	$0	$0	$0
Arthur Lee	Director	1	Director	$0	$0	$0
Birk Mason	Director	1	Director	$0	$0	$0
Viola Rembert	Director	1	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
2020	$215,557	$216,033	$127	$-476
2019	$262,461	$268,527	$635	$-6,066
2018	$232,769	$232,949	$5,259	$-180