GROVE SENIOR HOUSING INC

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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

Tax Period

2023-01-01 to 2023-12-31

GROVE SENIOR HOUSING INC, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $166K in total revenue in fiscal year 2023.

Mission

SUBSIDIZED HOUSING

Program Service Accomplishments

Program 1

Expenses: $162,372 Revenue: $60,443

PROVIDE PROGRAM AND SERVICES FOR THE ELDERLY, ESPECIALLY TO PROVIDE ELDERLY PERSONS WITH HOUSING FACILITIES AND MEET SOCIAL AND PSYCHOLOGICAL NEEDS. OPERATIONS UNDER SECTION 202 HOUSING ACT...

PROVIDE PROGRAM AND SERVICES FOR THE ELDERLY, ESPECIALLY TO PROVIDE ELDERLY PERSONS WITH HOUSING FACILITIES AND MEET SOCIAL AND PSYCHOLOGICAL NEEDS. OPERATIONS UNDER SECTION 202 HOUSING ACT, REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.

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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 $104,087

Program Service Revenue $60,443

Investment Income $29

Other Revenue $1,862

TOTAL REVENUE $166,421

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,900

Fundraising Expenses $0

Program Expenses $162,372

Other Expenses $161,511

TOTAL EXPENSES $180,411

Year-over-Year Comparison

	2023	2022	Change
Revenue	$166,421	$159,845	+0.0%
Expenses	$180,411	$126,026	+0.4%
Net Income	$-13,990	$33,819	-1.4%

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	Role	Reportable Comp	Other Comp	Total
SUE CATRON	MEMBER	Director	$0	$0	$0
CLAYTON CHAPMAN	TREASURER	Director	$0	$0	$0
STANN HUMMINGBIRD	PRESIDENT	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	$166,421	$180,411	$249,664	$-13,990
2022	$159,845	$126,026	$257,064	$33,819
2021	$147,485	$129,720	$249,376	$17,765
2020	$132,050	$110,925	$255,338	$21,125
2019	$142,748	$118,228	$259,106	$24,520
2018	$127,698	$121,930	$256,905	$5,768