GRACE COMMUNITY HOUSING (EIN 882474137) - 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

2022

Legal Domicile

Principal Officer

CARSON HAYES

Phone

8128765478

Tax Period

2023-01-01 to 2023-12-31

GRACE COMMUNITY HOUSING, founded in 2022, is a small nonprofit in the Housing & Shelter sector that reported $282K in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring.

Mission

PROVIDING AND PROMOTING THE AVAILABILITY AND QUALITY OF AFFORDABLE HOUSING AND SERVICES FOR LOW INCOME, ELDERLY, AND SPECIAL NEEDS INDIVIDUALS WITHOUT DISCRIMINATION ON THE BASIS OF RACE, COLOR, RELIGION, CREED, OR STATUS AND TO SUPPORT THE EFFORTS TO SERVE THE VARIOUS HOUSING NEEDS FOR LOW INCOME PERSONS, ELDERLY OR SPECIAL NEEDS PERSONS

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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 $0

Investment Income $282,000

Other Revenue $0

TOTAL REVENUE $282,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$282,000	$4,840,000	-0.9%
Expenses	N/A	N/A	N/A
Net Income	N/A	$4,840,000	N/A

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
CARSON HAYES	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT V MYERS JR	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
ARDEEN TOP	SECRETARY/DIRECTOR	1.00	Officer 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	$282,000	No data	$5,122,000	No data
2022	$4,840,000	No data	$4,840,000	No data

GRACE COMMUNITY HOUSING