GENEROUS HEART COMMUNITY DEVELOPMENT INC (EIN 853706751) - 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

2020

Legal Domicile

Principal Officer

THOMAS SEARS

Phone

3175826200

Tax Period

2023-01-01 to 2023-12-31

GENEROUS HEART COMMUNITY DEVELOPMENT INC, founded in 2020, is a small nonprofit in the Housing & Shelter sector that reported $935K in total revenue in fiscal year 2023. Revenue surged 639% from the prior year, signaling strong growth momentum. Expenses of $2.9M exceeded revenue, resulting in a 211% operating deficit.

Mission

TO FACILITATE, DEVELOP, AND OWN NEW AFFORDABLE HOUSING PROJECTS.

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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 $934,673

Investment Income $0

Other Revenue $0

TOTAL REVENUE $934,673

Expense Breakdown

Grants Paid $500

Salaries & Benefits $989,803

Fundraising Expenses $0

Program Expenses $2,886,965

Other Expenses $1,912,285

TOTAL EXPENSES $2,902,588

Year-over-Year Comparison

	2023	2022	Change
Revenue	$934,673	$126,491	+6.4%
Expenses	$2,902,588	$326,267	+7.9%
Net Income	$-1,967,915	$-199,776	+8.9%

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

120

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
THOMAS SEARS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSH WATSON	VICE-PRESIDENT & SECRETARY	1.00	Officer Director	$0	$0	$0
LORI ALT	TREASURER	1.00	Officer Director	$0	$0	$0
MILISSA TURNER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL EZEKIEL TURNER	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
2024	No data	No data	No data	No data
2023	$934,673	$2,902,588	$19,314,081	$-1,967,915
2022	$126,491	$326,267	$7,801,581	$-199,776

GENEROUS HEART COMMUNITY DEVELOPMENT INC