Helping the Homeless Inc (EIN 020614957) - 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

2002

Legal Domicile

Principal Officer

Steve Golstein

Phone

9737329200

Tax Period

2023-01-01 to 2023-12-31

Helping the Homeless Inc, founded in 2002, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $20.1M exceeded revenue, resulting in a 1112% operating deficit.

Mission

To Operate an emergency homeless shelter for men and women 18 years old and over

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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 $769,597

Program Service Revenue $0

Investment Income $891,275

Other Revenue $0

TOTAL REVENUE $1,660,872

Expense Breakdown

Grants Paid $19,413,000

Salaries & Benefits $246,278

Fundraising Expenses $0

Program Expenses $20,095,306

Other Expenses $463,891

TOTAL EXPENSES $20,123,169

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,660,872	$1,055,592	+0.6%
Expenses	$20,123,169	$1,472,031	+12.7%
Net Income	$-18,462,297	$-416,439	+43.3%

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

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	Role	Reportable Comp	Other Comp	Total
Steve Goldstein	Co-President	Officer Director	$0	$0	$0
Stuart Feldman	Co-President	Officer Director	$0	$0	$0
Jeffrey Goldberg	Vice President	Officer Director	$0	$0	$0
Karen Feldman	Trustee	Director	$0	$0	$0
Lacopo Wachter	Trustee	Director	$0	$0	$0
Lanning Bryer	Trustee	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	$1,660,872	$20,123,169	$768,424	$-18,462,297
2022	$1,055,592	$1,472,031	$19,212,716	$-416,439
2021	$19,969,607	$450,227	$19,629,155	$19,519,380
2020	$463,067	$466,895	$142,275	$-3,828
2019	$463,149	$434,028	$113,603	$29,121
2018	$356,597	$271,133	$84,555	$85,464

Helping the Homeless Inc