GUSTE HOMES RESIDENT MANAGEMENT CORPORATION (EIN 721428434) - 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

1998

Legal Domicile

Principal Officer

CYNTHIA WIGGINS

Phone

5045259506

Tax Period

2023-10-01 to 2024-09-30

GUSTE HOMES RESIDENT MANAGEMENT CORPORATION, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $3.3M in total revenue in fiscal year 2023.

Mission

GUSTE HOMES RESIDENT MANAGEMENT CORPORATION (GHRMC) WAS ESTABLISHED PRIMARILY TO ASSIST IN THE PROVISION OF SAFE, DECENT, AND SANITARY HOUSING FOR RESIDENTS OF LOW-INCOME PURSUANT TO UNITED STATES HOUSING ACT OF 1937, AS AMENDED AND 24 CFR PART 964. UNDER THE ACT THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT HAS DIRECT RESPONSIBLITY FOR ADMINISTERING HOUSING PROGRAMS.

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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 $3,123,878

Program Service Revenue $133,027

Investment Income $21,580

Other Revenue $19,957

TOTAL REVENUE $3,298,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,091,757

Fundraising Expenses $0

Program Expenses $2,997,202

Other Expenses $2,174,060

TOTAL EXPENSES $3,265,817

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,298,442	$3,081,233	+0.1%
Expenses	$3,265,817	$2,999,024	+0.1%
Net Income	$32,625	$82,209	-0.6%

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

N/A

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

$140,008

Total Directors

$140,008

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA WIGGINS	PRESIDENT/CE	40.00	Officer Director	$127,948	$0	$127,948
THERESA NICHOLAS	TREASURER	23.00	Officer Director	$12,060	$0	$12,060
LULA IFORD	SECRETARY	8.00	Officer 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	$3,298,442	$3,265,817	$6,053,673	$32,625
2023	$3,081,233	$2,999,024	$5,738,651	$82,209
2021	$2,941,499	$2,940,340	$5,247,475	$1,159
2020	$2,752,510	$2,859,207	$5,383,334	$-106,697
2019	$2,371,294	$3,021,809	$4,771,818	$-650,515
2018	$2,495,185	$2,913,245	$4,769,307	$-418,060

GUSTE HOMES RESIDENT MANAGEMENT CORPORATION