GALILEE EDEN GARDENS INC (EIN 720975002) - 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

1981

Legal Domicile

Principal Officer

LUCILLE WASHINGTON WASHINGTON

Tax Period

2022-01-01 to 2022-12-31

GALILEE EDEN GARDENS INC, founded in 1981, is a community nonprofit in the Housing & Shelter sector that reported $3.5M in total revenue in fiscal year 2022. Revenue surged 684% from the prior year, signaling strong growth momentum. Expenses of $3.0M left a modest 14% surplus.

Mission

PROVIDING ADEQUATE HOUSING UNDER TITLE IV TO ELDERLY AND/OR DISABLED PERSONS UNDER SECTION 8 AGREEMENTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $290,848

Investment Income $3,048,958

Other Revenue $169,882

TOTAL REVENUE $3,509,688

Expense Breakdown

Grants Paid $2,811,254

Salaries & Benefits $42,076

Fundraising Expenses $0

Program Expenses $3,018,520

Other Expenses $165,190

TOTAL EXPENSES $3,018,520

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,509,688	$447,741	+6.8%
Expenses	$3,018,520	$354,558	+7.5%
Net Income	$491,168	$93,183	+4.3%

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
ARNOLD REDD	DIRECTOR	000.25	Director	$0	$0	$0
WILLIE CAREY	DIRECTOR	000.25	Director	$0	$0	$0
ROBERT RHODES	DIRECTOR	000.25	Director	$0	$0	$0
BENNIE BELTON	DIRECTOR	000.25	Director	$0	$0	$0
LUCILLE WASHINGTON	DIRECTOR	000.25	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
2022	$3,509,688	$3,018,520	$351,569	$491,168
2021	$447,741	$354,558	$354,913	$93,183
2020	$486,298	$398,467	$359,607	$87,831
2019	$475,951	$317,126	$373,263	$158,825
2018	$492,932	$381,950	$316,096	$110,982
2017	$458,681	$440,725	$286,010	$17,956

GALILEE EDEN GARDENS INC