Gilman Housing Corporation
Gilman Housing Corporation: Stable but Stagnant, High Liabilities
EIN: 222540936 · St Johnsbury, VT · NTEE: L21Z · Updated: 2026-04-04
About Gilman Housing Corporation
Gilman Housing Corporation (EIN: 222540936) is a nonprofit organization based in St Johnsbury, VT, classified under NTEE code L21Z. The organization reported total revenue of $197K and total assets of $403K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gilman Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gilman Housing Corporation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Gilman Housing Corporation allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Based on available filings, Gilman Housing Corporation consistently reports $0 in compensation, suggesting either an all-volunteer leadership or compensation is not reported in a standard manner.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Gilman Housing Corporation's IRS 990 filings:
- Total liabilities consistently exceed total assets, with liabilities at $522,862 and assets at $413,026 in 2023, indicating potential long-term financial instability.
- Revenue has shown minimal growth over the past five years, suggesting a lack of expansion or new funding streams.
- The consistent 'c0%' for compensation across all years could be a red flag for transparency regarding leadership structure and potential indirect benefits.
Strengths
The following positive indicators were identified for Gilman Housing Corporation:
- Consistent operation for many years, providing housing services in St. Johnsbury, VT.
- Stable asset base, despite being outweighed by liabilities.
Frequently Asked Questions about Gilman Housing Corporation
What does Gilman Housing Corporation do?
Gilman Housing Corporation is a nonprofit organization in the Housing & Shelter sector, located in St Johnsbury, Vermont. It is classified under NTEE code L21Z.
How much revenue does Gilman Housing Corporation have?
Gilman Housing Corporation reported total revenue of $196,721. Based on 13 IRS 990 filings on record.
What are Gilman Housing Corporation's total assets?
Gilman Housing Corporation holds total assets of $402,918 as reported in IRS 990 filings.
Where is Gilman Housing Corporation located?
Gilman Housing Corporation is based in St Johnsbury, Vermont.
What is Gilman Housing Corporation's EIN?
Gilman Housing Corporation's Employer Identification Number (EIN) is 222540936. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Gilman Housing Corporation?
Gilman Housing Corporation is classified under NTEE code L21Z (Housing & Shelter).
Is Gilman Housing Corporation a registered 501(c)(3)?
Yes, Gilman Housing Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222540936.
Does Gilman Housing Corporation file IRS Form 990?
Yes, Gilman Housing Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Gilman Housing Corporation's revenue in 2023?
In the 202312 filing period, Gilman Housing Corporation reported total revenue of $185,549, total expenses of $200,198, and net assets of $413,026.
Is Gilman Housing Corporation's revenue growing or declining?
Gilman Housing Corporation's revenue is declining. Revenue went from $196,823 (202212) to $185,549 (202312), a -5.7% change. Based on 13 filings on record.
What is Gilman Housing Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Gilman Housing Corporation covers tax period 202312. It shows revenue of $185,549, expenses of $200,198, total assets of $413,026, and liabilities of $522,862.
How much does Gilman Housing Corporation spend on programs vs administration?
Based on IRS 990 analysis, Gilman Housing Corporation allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Gilman Housing Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Gilman Housing Corporation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Gilman Housing Corporation?
The following concerns were identified: Total liabilities consistently exceed total assets, with liabilities at $522,862 and assets at $413,026 in 2023, indicating potential long-term financial instability.. Revenue has shown minimal growth over the past five years, suggesting a lack of expansion or new funding streams.. The consistent 'c0%' for compensation across all years could be a red flag for transparency regarding leadership structure and potential indirect benefits.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Gilman Housing Corporation's strengths?
Positive indicators for Gilman Housing Corporation include: Consistent operation for many years, providing housing services in St. Johnsbury, VT.. Stable asset base, despite being outweighed by liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does Gilman Housing Corporation compensate executives?
Based on available filings, Gilman Housing Corporation consistently reports $0 in compensation, suggesting either an all-volunteer leadership or compensation is not reported in a standard manner. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 'c0%' compensation, how does Gilman Housing Corporation sustain its operational leadership and management?
The consistent reporting of $0 for compensation suggests that the organization may be entirely volunteer-run at the leadership level, or that compensation is structured in a way that is not captured in the standard compensation fields of the filings, such as through a related entity or as non-cash benefits.
What is the long-term strategy for addressing the persistent imbalance where liabilities significantly exceed assets?
The filings do not provide details on strategies to reduce the substantial liability burden (e.g., $522,862 in 2023) relative to assets ($413,026 in 2023). This imbalance could indicate reliance on long-term debt or other obligations that need a clear plan for resolution to ensure sustainability.
Filing History
IRS 990 filing history for Gilman Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Gilman Housing Corporation's revenue has grown by 50.1%, moving from $124K to $186K. Total assets decreased by 30.4% over the same period, from $594K to $413K. Total functional expenses rose by 83.7%, from $109K to $200K. In its most recent filing year (2023), Gilman Housing Corporation reported a deficit of $15K, with expenses exceeding revenue. The organization holds $523K in liabilities against $413K in assets (debt-to-asset ratio: 126.6%), resulting in net assets of $-109,836.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $186K | $200K | $413K | $523K | — | View 990 |
| 2022 | $197K | $197K | $436K | $531K | — | View 990 |
| 2021 | $182K | $179K | $448K | $543K | — | View 990 |
| 2020 | $168K | $172K | $457K | $555K | — | View 990 |
| 2019 | $157K | $161K | $459K | $554K | — | View 990 |
| 2018 | $158K | $173K | $467K | $558K | — | View 990 |
| 2017 | $157K | $150K | $471K | $546K | — | View 990 |
| 2016 | $127K | $161K | $496K | $578K | — | View 990 |
| 2015 | $154K | $156K | $519K | $567K | — | View 990 |
| 2014 | $152K | $157K | $528K | $574K | — | View 990 |
| 2013 | $149K | $149K | $542K | $584K | — | View 990 |
| 2012 | $170K | $155K | $581K | $589K | — | View 990 |
| 2012 | $124K | $109K | $594K | $620K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $186K, expenses of $200K, and assets of $413K (revenue -5.7% year-over-year).
- 2022: Revenue of $197K, expenses of $197K, and assets of $436K (revenue +8.0% year-over-year).
- 2021: Revenue of $182K, expenses of $179K, and assets of $448K (revenue +8.3% year-over-year).
- 2020: Revenue of $168K, expenses of $172K, and assets of $457K (revenue +6.9% year-over-year).
- 2019: Revenue of $157K, expenses of $161K, and assets of $459K (revenue -0.4% year-over-year).
- 2018: Revenue of $158K, expenses of $173K, and assets of $467K (revenue +0.9% year-over-year).
- 2017: Revenue of $157K, expenses of $150K, and assets of $471K (revenue +22.9% year-over-year).
- 2016: Revenue of $127K, expenses of $161K, and assets of $496K (revenue -17.5% year-over-year).
- 2015: Revenue of $154K, expenses of $156K, and assets of $519K (revenue +1.7% year-over-year).
- 2014: Revenue of $152K, expenses of $157K, and assets of $528K (revenue +1.9% year-over-year).
- 2013: Revenue of $149K, expenses of $149K, and assets of $542K (revenue -12.5% year-over-year).
- 2012: Revenue of $170K, expenses of $155K, and assets of $581K (revenue +37.6% year-over-year).
- 2012: Revenue of $124K, expenses of $109K, and assets of $594K.
Data Sources and Methodology
This transparency report for Gilman Housing Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.