Harbor Homes Inc

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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

1980

Legal Domicile

Principal Officer

Henry Och

Phone

6038823616

Tax Period

2024-07-01 to 2025-06-30

Harbor Homes Inc, founded in 1980, is a mid-sized nonprofit in the Housing & Shelter sector that reported $39.3M in total revenue in fiscal year 2024.

Mission

Harbor Care's mission is to provide vital services, including housing and healthcare to all in our communities needing assistance. Our vision is one where everyone gets to live safe, stable, and healthy lives, filled with purpose, respect and dignity.

Program Service Accomplishments

Program 1

Expenses: $19,422,794 Revenue: $4,944,481

Housing: Owning and operating more than 30 properties, Harbor Homes provides the housing and supports needed to escape homelessness and sustain independence in the community. The largest builder and supplier of supportive housing for those experiencing homelessness in NH, we serve 1,000 individuals annually through our own housing and the distribution of vouchers used in the private rental market. Our specialized Veterans FIRST programming uses outreach, housing, emergency subsidies, and employment supports to ensure no veteran remains homeless in New Hampshire.

Program 2

Expenses: $8,666,650 Revenue: $9,934,742

Harbor Care Health and Wellness Center (HCHWC): The HCHWC is s a Federally Qualified Health Center (FQHC) that serves thousands of individuals and families, including veterans, who are experiencing or at risk of homelessness, low income, uninsured, and/or underinsured. HCHWC provides primary, preventive, behavioral, pharmacy, HIV, substance misuse, and dental health care services, and does not turn anyone away due to an inability to pay for services. In addition, the HCHWC integrates services that impact social determinants of health, such as housing, employment, education and training, home healthcare, and supports with serious chronic health conditions.

Program 3

Expenses: $6,178,186 Revenue: $0

Peer Recovery Support Services: Since 2016, Harbor Care has served as the Facilitating Organization for the state of New Hampshire's efforts to support the sustainable and integrated development of Recovery Community Organizations (RCO) and their delivery of Peer Recovery Support Services (PRSS). We've helped 13 Recovery Community Organizations operating 20 Recovery Community Centers grow and thrive, as they serve thousands of individuals in all stages of recovery throughout New Hampshire.

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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 $23,902,675

Program Service Revenue $15,045,623

Investment Income $24,392

Other Revenue $312,443

TOTAL REVENUE $39,285,133

Expense Breakdown

Grants Paid $6,178,186

Salaries & Benefits $19,421,447

Fundraising Expenses $486,168

Program Expenses $34,341,096

Other Expenses $16,309,563

TOTAL EXPENSES $41,909,196

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,285,133	$39,707,253	0.0%
Expenses	$41,909,196	$40,917,334	+0.0%
Net Income	$-2,624,063	$-1,210,081	+1.2%

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

303

Volunteers

153

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

$569,800

Total Directors

Key Employees

$283,170

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Grant Alois	Board Member (start 9/24)	0.25	Director	$0	$0	$0
David Anzalone	Board Member (start 10/24)	0.25	Director	$0	$0	$0
Thomas Arnold III	Board Member	0.25	Director	$0	$0	$0
Prathima Bayisetty DDS	Board Member	0.25	Director	$0	$0	$0
Vijay Bhatt	Board Member	0.25	Director	$0	$0	$0
Rosemarie Dykeman	Board Member	0.25	Director	$0	$0	$0
Sekondi Foster	Board Member	0.25	Director	$0	$0	$0
Alison C Madden MD	Board Member	0.25	Director	$0	$0	$0
Ed McDonough	Board Member	0.25	Director	$0	$0	$0
Joel Jaffe	Board Chair	0.25	Officer Director	$0	$0	$0
Rick Plante	Vice Chair	0.25	Officer Director	$0	$0	$0
Jared Freilich	Treasurer	0.25	Officer Director	$0	$0	$0
Vincent Chamberlain	Asst. Treasurer	0.25	Officer Director	$0	$0	$0
Trent Smith	Secretary (end 7/24)	0.25	Officer Director	$0	$0	$0
Lanna Martin	Board Member; Secretary (start 8/24)	0.25	Officer Director	$0	$0	$0
Laurie Goguen	Asst. Secretary	0.25	Officer Director	$0	$0	$0
Henry Och	CEO	38.25	Officer	$284,368	$9,952	$294,320
Ana Pancine	CFO	38.25	Officer	$223,285	$52,195	$275,480
William Belecz	COO	38.25	Key Emp	$240,188	$42,982	$283,170
Vanessa Talasazan	CSO	40.00	Highest	$207,376	$55,477	$262,853
Neha Gupta DMD	Dentist	40.00	Highest	$203,983	$56,363	$260,346
Michael Zechman	Director of Human Resources	40.00	Highest	$171,947	$45,431	$217,378
John Szyszlo	Director of Information Technology	40.00	Highest	$164,714	$10,293	$175,007
Graciela Silvia Sironich-Kalkan	Medical Director	40.00	Highest	$159,391	$23,352	$182,743

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	$39,285,133	$41,909,196	$29,108,002	$-2,624,063
2024	$39,707,253	$40,917,334	$31,604,907	$-1,210,081
2023	$37,894,040	$37,480,499	$31,193,730	$413,541
2022	$36,882,083	$37,123,368	$28,609,694	$-241,285
2021	$34,009,669	$33,987,733	$29,802,318	$21,936
2020	$32,699,479	$30,037,410	$31,595,862	$2,662,069
2019	$31,134,964	$31,433,019	$27,946,846	$-298,055
2018	$27,910,201	$28,247,962	$27,581,972	$-337,761