Gilman Housing Corporation
Gilman Housing Corporation: Stable but Stagnant, High Liabilities
EIN: 222540936 · St Johnsbury, VT · NTEE: L21Z · Updated: 2026-04-04
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| Metric | Value |
|---|---|
| Total Revenue | $197K |
| Total Expenses | $200K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $-109,836 |
| Transparency Score | 65/100 |
Search Intent Cockpit
Gilman Housing Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Gilman Housing Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Gilman Housing Corporation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $186K and expenses of $200K.
Revenue and Expenses
Gilman Housing Corporation reported $186K in revenue and $200K in expenses, a deficit of $15K.
Executive Compensation
Top officer compensation appears as $0 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 2 strengths are shown from structured and AI review.
Is Gilman Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $140K (70%) |
Across stored filings, Gilman Housing Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Everybody Wins Vermont Inc | Vermont and Category L context |
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St Johnsbury, VT nonprofitsCategory L in Vermont
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Gilman Housing Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
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.
Organization Overview
Gilman Housing Corporation is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $186K |
| Total Expenses | $200K |
| Surplus / Deficit | $-14,649 |
| Total Assets | $413K |
| Total Liabilities | $523K |
| Net Assets | $-109,836 |
| Operating Margin | -7.9% |
| Debt-to-Asset Ratio | 126.6% |
| Months of Reserves | 24.8 months |
Financial Health Grade: C
In 2023, Gilman Housing Corporation reported a deficit of $15K with expenses exceeding revenue, holds 24.8 months of operating reserves (strong position), has a debt-to-asset ratio of 126.6% (high leverage).
Financial Trends
Over 13 years of filings (2012–2023), Gilman Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.7% | +1.6% | -5.2% |
| 2022 | +8.0% | +10.1% | -2.8% |
| 2021 | +8.3% | +4.2% | -1.8% |
| 2020 | +6.9% | +6.3% | -0.6% |
| 2019 | -0.4% | -6.7% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 126.6%.
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
Is Gilman Housing Corporation a legitimate charity?
Gilman Housing Corporation (EIN: 222540936) is a registered tax-exempt nonprofit based in Vermont. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $197K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Gilman Housing Corporation spend its money?
Gilman Housing Corporation directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Gilman Housing Corporation tax-deductible?
Gilman Housing Corporation is registered as a tax-exempt nonprofit (EIN: 222540936). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gilman Housing Corporation CEO make?
Gilman Housing Corporation's highest-compensated officer earns $0 annually. The organization reported $197K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gilman Housing Corporation's spending goes to programs?
Gilman Housing Corporation directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Gilman Housing Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Gilman Housing Corporation is above average for NTEE category L21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gilman Housing Corporation located?
Gilman Housing Corporation is headquartered in St Johnsbury, Vermont and files with the IRS under EIN 222540936. It is classified under NTEE code L21Z.
How many years of IRS 990 filings does Gilman Housing Corporation have?
Gilman Housing Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $197K in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gilman Housing Corporation:
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.