GOLDEN HOMES INC (EIN 830232445) - 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

1976

Legal Domicile

Principal Officer

MARGARET RICHARDS

Phone

3075324105

Tax Period

2024-06-01 to 2025-05-31

GOLDEN HOMES INC, founded in 1976, is a small nonprofit that reported $229K in total revenue in fiscal year 2024.

Mission

THE NON-PROFIT ORGANIZATION WAS FORMED TO CONSTRUCT AND LEASE LOW-INCOME RENTAL HOUSING FOR THE AREA'S ELDERLY AND HANDICAPPED TENANTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $227,188

Investment Income $1,881

Other Revenue $0

TOTAL REVENUE $229,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $219,683

Other Expenses $249,004

TOTAL EXPENSES $249,004

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,069	$214,539	+0.1%
Expenses	$249,004	$213,420	+0.2%
Net Income	$-19,935	$1,119	-18.8%

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
BRYAN GRAPES	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHERYL RIGGS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TERRY COLLINS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CAROLYN HAEFFELIN	DIRECTOR	1.00	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
2025	$229,069	$249,004	$575,023	$-19,935
2024	$214,539	$213,420	$611,333	$1,119
2023	$202,110	$228,670	$645,009	$-26,560
2022	$200,852	$215,618	$686,817	$-14,766
2021	$196,009	$206,475	$723,649	$-10,466
2020	$187,827	$205,662	$745,092	$-17,835
2019	$206,875	$203,464	$787,533	$3,411
2018	$217,042	$192,651	$793,833	$24,391

GOLDEN HOMES INC