GOODWIN HOUSE HOME AND COMMUNITY B… - Form 990 Financial Data

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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

2019

Legal Domicile

Principal Officer

ROBERT A LIEBREICH

Phone

7035781000

Tax Period

2023-10-01 to 2024-09-30

GOODWIN HOUSE HOME AND COMMUNITY BASED SERVICES, founded in 2019, is a community nonprofit in the Housing & Shelter sector that reported $7.1M in total revenue in fiscal year 2023.

Mission

GOODWIN HOUSE HOME AND COMMUNITY BASED SERVICES (GHHCBS) WAS FORMED FOR THE PURPOSE OF DEVELOPING, ACQUIRING, OWNING, OPERATING AND MAINTAINING BUSINESSES PROVIDING REHABILITATIVE, RESTORATIVE, ADVANCED ILLNESS CARE, AND OTHER HEALTH CARE SERVICES (CONTINUED ON SCHEDULE O) TO BOTH OLDER ADULTS TO OTHERS WITHIN THE SERVICE AREA OF GOODWIN HOUSE INCORPORATED, IN ORDER TO PROMOTE THE HEALTH AND WELFARE OF PERSONS IN NEED OF THOSE SERVICES.

Program Service Accomplishments

Program 1

Expenses: $6,394,607 Revenue: $7,091,210

GOODWIN HOUSE HOME AND COMMUNITY BASED SERVICES (GHHCBS) WAS FORMED ON SEPTEMBER 18, 2019 AS A NONPROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE COMMONWEALTH OF VIRGINIA. GHHCBS WAS FORMED TO...

GOODWIN HOUSE HOME AND COMMUNITY BASED SERVICES (GHHCBS) WAS FORMED ON SEPTEMBER 18, 2019 AS A NONPROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE COMMONWEALTH OF VIRGINIA. GHHCBS WAS FORMED TO FURTHER THE EXEMPT MISSION OF ITS SUPPORTED ORGANIZATION, GOODWIN HOUSE INCORPORATED (GHI), BY HOUSING IN A NEW SUBSIDIARY ORGANIZATION CERTAIN HEALTH AND CARE SERVICES THAT BROADEN AND EXTEND THE SERVICES MORE TRADITIONALLY OFFERED IN CONTINUING CARE RETIREMENT COMMUNITIES, ALSO CALLED LIFE PLAN COMMUNITIES. THESE SUPPORT SERVICES ARE ENVISIONED TO INCLUDE HOME HEALTH SERVICES, AND OTHER CLINICAL SERVICES.(CONTINUED ON SCHEDULE O)ON JANUARY 2, 2020, GHHCBS ENTERED INTO AN AGREEMENT WITH THE TEMPLE FOUNDATION, INC. (ANOTHER 501(C)(3) CHARITABLE ORGANIZATION) UNDER WHICH THE HOME HEALTH SERVICES THEY OWNED AND OPERATED (KNOWN AS THE VIRGINIAN) WERE CONVEYED TO GHHCBS TOGETHER WITH A CASH PAYMENT TO FUND THE EXPENSES AND SUPPORT THE GROWTH OF THE HOME HEALTH OPERATIONS. THE HOME HEALTH BUSINESS FURTHERS THE ORGANIZATION'S EXEMPT PURPOSE BY MEETING THE HOME HEALTH NEEDS OF THE RESIDENTS OF GHI'S CONTINUING CARE RETIREMENT COMMUNITIES, AND ADDITIONAL INDIVIDUALS WITHIN THE ORGANIZATION'S SERVICE AREA HAVING NEED OF THOSE 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 $7,091,210

Investment Income $0

Other Revenue $45,003

TOTAL REVENUE $7,136,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,666,731

Fundraising Expenses $0

Program Expenses $6,394,607

Other Expenses $1,741,236

TOTAL EXPENSES $7,407,967

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,136,213	$7,088,747	+0.0%
Expenses	$7,407,967	$7,321,708	+0.0%
Net Income	$-271,754	$-232,961	+0.2%

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

$2,075,806

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA GIESLER	CHAIR	1.00	Officer Director	$0	$0	$0
KATIE HORTON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BEN MARCANTONIO	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT A LIEBREICH	PRESIDENT	1.00	Officer	$0	$51,381	$636,070
ANDREW SIEGEL	ASSISTANT SECRETARY	1.00	Officer	$0	$28,493	$319,318
REBECCA DUAN	ASSISTANT TREASURER	1.00	Officer	$0	$21,210	$210,282
HOLLY HANISIAN	ASSISTANT SECRETARY	1.00	Officer	$0	$18,919	$187,769
TIMOTHY SMITH	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$41,202	$407,520
CHANDRA KUMAR	CHIEF OPERATING OFFICER	1.00	Officer	$0	$27,560	$314,847

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	$7,136,213	$7,407,967	$1,035,784	$-271,754
2023	$7,088,747	$7,321,708	$786,814	$-232,961
2022	$6,399,802	$5,862,206	$1,125,787	$537,596
2021	$4,853,938	$4,441,870	$5,762,762	$412,068
2020	$1,829,711	$1,759,600	$1,923,577	$70,111

GOODWIN HOUSE HOME AND COMMUNITY BASED SERVICES