GREAT VALLEY HOUSING DEVELOPMENT CORPORATION (EIN 770526246) - 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

1999

Legal Domicile

Principal Officer

JIM KRUSE

Phone

2095572000

Tax Period

2023-10-01 to 2024-09-30

GREAT VALLEY HOUSING DEVELOPMENT CORPORATION, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

AFFORDABLE HOUSING PROVIDED UNDER SECTION 202 AND SECTION 8 OF THE NATIONAL HOUSING ACT. THE BENEFICIARIES OF OUR PROGRAM ACHIEVEMENTS RECEIVE MUCH BETTER HOUSING THAN THEY WOULD HAVE WITHOUT OUR SERVICES.

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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 $1,001,886

Investment Income $109

Other Revenue $41,627

TOTAL REVENUE $1,043,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,818

Fundraising Expenses $0

Program Expenses $1,128,220

Other Expenses $1,002,402

TOTAL EXPENSES $1,128,220

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,043,622	$895,353	+0.2%
Expenses	$1,128,220	$941,651	+0.2%
Net Income	$-84,598	$-46,298	+0.8%

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
A DIRK HOEK	PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG RAYNES	SECRETARY	1.00	Officer Director	$0	$0	$0
NANCY ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH CHEESEMAN	DIRECTOR	1.00	Director	$0	$0	$0
B CARL EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
NOE PARAMO	DIRECTOR	1.00	Director	$0	$0	$0
LINH LUONG	DIRECTOR OF FINANCE	1.00	Officer	$0	$0	$0
JIM KRUSE	CEO/EXECUTIVE DIRECTOR	1.00	Officer	$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	$1,043,622	$1,128,220	$10,005,530	$-84,598
2023	$895,353	$941,651	$10,219,852	$-46,298
2022	$983,877	$909,629	$10,171,693	$74,248
2021	$773,824	$864,264	$10,164,650	$-90,440
2020	$635,539	$677,144	$10,753,291	$-41,605
2019	$213,257	$270,695	$4,800,261	$-57,438
2018	$398,887	$273,472	$4,723,801	$125,415

GREAT VALLEY HOUSING DEVELOPMENT CORPORATION