GARDEN WAY HOUSING INC (EIN 870736220) - 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

2004

Legal Domicile

Principal Officer

HON JOHN REED

Phone

7243426222

Tax Period

2024-07-01 to 2025-06-30

GARDEN WAY HOUSING INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $244K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $452K exceeded revenue, resulting in a 85% operating deficit.

Mission

TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

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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 $240,694

Investment Income $97

Other Revenue $3,621

TOTAL REVENUE $244,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,687

Fundraising Expenses $0

Program Expenses $363,072

Other Expenses $382,103

TOTAL EXPENSES $451,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,412	$222,506	+0.1%
Expenses	$451,790	$312,466	+0.4%
Net Income	$-207,378	$-89,960	+1.3%

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

$225,541

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK HALE	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
FRAN BILLEN	SECRETARY	0.10	Officer Director	$0	$0	$0
ALAN NATHAN	TREASURER	0.10	Officer Director	$0	$0	$0
SAM BELLICH	BOARD MEMBER	0.10	Director	$0	$0	$0
JOHN REED	PRESIDENT	0.10	Officer Director	$0	$0	$0
EVELYN VELASQUEZ	BOARD MEMBER	0.10	Director	$0	$0	$0
WILMA TORRES	CEO	0.10	Officer	$0	$20,919	$135,644
MICHELLE CLARKE	CFO	0.10	Officer	$0	$12,049	$89,897

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	$244,412	$451,790	$2,072,716	$-207,378
2024	$222,506	$312,466	$2,247,671	$-89,960
2023	$212,910	$313,119	$2,333,260	$-100,209
2022	$209,889	$298,788	$2,430,711	$-88,899
2021	$203,497	$322,681	$2,511,582	$-119,184
2020	$191,201	$278,450	$2,641,314	$-87,249

GARDEN WAY HOUSING INC