HomeStart Inc (EIN 043311270) - 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

1996

Legal Domicile

Phone

6175420338

Tax Period

2023-10-01 to 2024-09-30

HomeStart Inc, founded in 1996, is a mid-sized nonprofit in the Community Improvement sector that reported $19.9M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

To end homelessness in Greater Boston by assisting individuals in obtaining permanent housing.

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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 $19,448,555

Program Service Revenue $494,382

Investment Income $42,884

Other Revenue $-51,416

TOTAL REVENUE $19,934,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,516,499

Fundraising Expenses $426,486

Program Expenses $18,186,482

Other Expenses $13,347,303

TOTAL EXPENSES $19,863,802

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,934,405	$16,515,239	+0.2%
Expenses	$19,863,802	$17,176,303	+0.2%
Net Income	$70,603	$-661,064	-1.1%

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

101

Volunteers

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

$177,139

Total Directors

$177,139

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kenan Bigby	Chair	1.0	Officer Director	$0	$0	$0
Marianne Ajemian	Clerk	1.0	Officer Director	$0	$0	$0
Mary Mahoney	Vice Chair	1.0	Officer Director	$0	$0	$0
Matthew Gottesdiener	Treasurer	2.0	Officer Director	$0	$0	$0
Matthew Pritchard	President/Executive Director	40.0	Officer Director	$147,881	$29,258	$177,139
David Morse	Director	1.0	Director	$0	$0	$0
John Stadtler	Director	1.0	Director	$0	$0	$0
Kevin Stone	Director	1.0	Director	$0	$0	$0
Susan Zimmerman	Director	1.0	Director	$0	$0	$0
Tina Zhang	Director	1.0	Director	$0	$0	$0
Yamaris Vasquez	Director	1.0	Director	$0	$0	$0
Matthew Dowd	CFO	40.0	Officer	$0	$0	$0
Alyssa Sanchez-smith	VP of Human Resources	40.0	Highest	$119,800	$0	$119,800
Kelly Mulligan	Chief Program Officer	40.0	Highest	$134,812	$10,632	$145,444
Lornece Tull	Director of Housing Stability Services	40.0	Highest	$103,405	$14,208	$117,613
Margaret Howard	Director of Program Design and Evaluation	40.0	Highest	$109,338	$27,479	$136,817
Patricia Robinson	Director of Finance	40.0	Highest	$119,558	$19,771	$139,329

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	$19,934,405	$19,863,802	$9,388,160	$70,603
2023	No data	No data	No data	No data
2022	$16,639,054	$14,275,181	$8,054,304	$2,363,873
2021	$14,864,192	$12,175,982	$5,713,584	$2,688,210
2020	$11,936,283	$11,269,341	$3,713,409	$666,942
2019	$10,517,096	$10,141,275	$2,314,616	$375,821
2018	$9,355,272	$9,087,367	$1,805,354	$267,905

HomeStart Inc