GRANADA TRADES COUNCIL HOUSING INC (EIN 741545429) - 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

1968

Legal Domicile

Principal Officer

Mark Potter

Phone

2102252645

Tax Period

2023-01-01 to 2023-12-31

GRANADA TRADES COUNCIL HOUSING INC, founded in 1968, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $1.9M left a modest 6% surplus.

Mission

TO PROVIDE LOW-INCOME HOUSING FOR LOW AND MODERATE INCOME FAMILIES UNDER THE PROVISIONS OF SECTION 202 OF THE NATIONAL HOUSING ACT.

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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 $0

Program Service Revenue $0

Investment Income $233,608

Other Revenue $1,751,840

TOTAL REVENUE $1,985,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,168

Fundraising Expenses $0

Program Expenses $1,788,647

Other Expenses $1,763,324

TOTAL EXPENSES $1,860,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,985,448	$13,650,432	-0.9%
Expenses	$1,860,492	$13,261,748	-0.9%
Net Income	$124,956	$388,684	-0.7%

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

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

$93,595

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANE DENN	RECORDING SECRETARY/TREASURER	040.00	Director	$93,595	$0	$93,595
MARK POTTER	PRESIDENT	002.00	Director	$0	$0	$0
JAMES MAY	VICE-PRESIDENT	002.00	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	$1,985,448	$1,860,492	$11,179,764	$124,956
2022	$13,650,432	$13,261,748	$11,319,484	$388,684
2021	$24,162,688	$7,143,700	$11,446,579	$17,018,988
2020	$1,536,979	$1,835,279	$3,656,795	$-298,300
2019	$1,667,556	$1,836,397	$3,739,253	$-168,841
2018	$1,706,501	$1,775,577	$3,986,391	$-69,076

GRANADA TRADES COUNCIL HOUSING INC