GENERATIONS HOUSING INITIATIVES

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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

2016

Legal Domicile

Principal Officer

Jeffrey Head

Phone

3125275400

Tax Period

2023-01-01 to 2023-12-31

GENERATIONS HOUSING INITIATIVES, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $971K in total revenue in fiscal year 2023.

Mission

Assist low-income residents of affordable housing by providing a variety of services aimed at improving their quality of life.

Program Service Accomplishments

Program 1

Expenses: $779,457 Revenue: $0

Generations housing initiatives (GHI) assists residents of public housing and other affordable housing programs with a variety of services aimed at improving the quality of their lives. GHI provides programing separately targeted to low-income senior citizens and to low-income families. Low-income senior citizens are defined as individuals at least 55 years in age having a household income not exceeding 80% of area median income. All programs and services are provided without expense to the individuals and families involved. GHI works with affordable housing owners, operators and developers to create strategies to preserve and build new affordable housing.

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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 $70,000

Program Service Revenue $875,702

Investment Income $24,940

Other Revenue $0

TOTAL REVENUE $970,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $803,687

Fundraising Expenses $12,439

Program Expenses $779,457

Other Expenses $185,437

TOTAL EXPENSES $989,124

Year-over-Year Comparison

	2023	2022	Change
Revenue	$970,642	$904,140	+0.1%
Expenses	$989,124	$860,147	+0.1%
Net Income	$-18,482	$43,993	-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

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
Jeffrey D Head	President, Treasurer	2	Officer Director	$0	$0	$0
Michael Goldberg	Director	2	Director	$0	$0	$0
Angela Brooks	Director	2	Director	$0	$0	$0
Bryant Payne	Director	2	Director	$0	$0	$0
Shyrlden Carmichael	Director	2	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	$970,642	$989,124	$13,030,978	$-18,482
2022	$904,140	$860,147	$6,143,000	$43,993
2021	$737,910	$755,181	$36,832	$-17,271
2020	$679,348	$711,108	$54,103	$-31,760
2019	$642,197	$559,684	$85,863	$82,513
2018	$514,152	$512,190	$3,193	$1,962