HOMEOWNER OPTIONS FOR MASSACHUSETTS ELDERLY INC (EIN 042931627) - 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

1986

Legal Domicile

Principal Officer

LEONARD F RAYMOND

Phone

9789700012

Tax Period

2023-07-01 to 2024-06-30

HOMEOWNER OPTIONS FOR MASSACHUSETTS ELDERLY INC, founded in 1986, is a micro nonprofit that reported $1 in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $3K exceeded revenue, resulting in a 319700% operating deficit.

Mission

PROVIDING COUNSELING ON FINANCIAL HOUSING AND RESOURCE OPTIONS TO NEEDY ELDERS IN MASSACHUSETTS WHO WISH TO PROTECT THE EQUITY IN THEIR HOMES.

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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 $1

Other Revenue $0

TOTAL REVENUE $1

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $319

Program Expenses $2,239

Other Expenses $3,198

TOTAL EXPENSES $3,198

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1	$2	-0.5%
Expenses	$3,198	$5,893	-0.5%
Net Income	$-3,197	$-5,891	-0.5%

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
LEONARD F RAYMOND	EXECUTIVE DIRECTOR	5.00	Director	$0	$0	$0
DAVID ANDERSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JON AUGER	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW CALAMARE	TRUSTEE	1.00	Director	$0	$0	$0
DON FROST	TRUSTEE	1.00	Director	$0	$0	$0
CAROLYN HARDY	TRUSTEE	1.00	Director	$0	$0	$0
CARL ALLEN JR	TREASURER	1.00	Officer Director	$0	$0	$0
MARIANNE SULLIVAN	TRUSTEE	1.00	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	$1	$3,198	No data	$-3,197
2023	$2	$5,893	$3,197	$-5,891
2022	$67,357	$146,541	$9,088	$-79,184
2021	$262,174	$216,507	$174,067	$45,667
2020	$299,430	$286,325	$157,041	$13,105
2019	$449,943	$312,027	$161,188	$137,916
2018	$347,722	$334,188	$130,221	$13,534
2018	$348,270	$323,089	$141,321	$25,181

HOMEOWNER OPTIONS FOR MASSACHUSETTS ELDERLY INC