FEDERATION HOMES INC (EIN 061019012) - 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

1978

Legal Domicile

Principal Officer

JONATHAN E REINER

Phone

8603251700

Tax Period

2024-10-01 to 2025-09-30

FEDERATION HOMES INC, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $654K, a strong 24% operating margin.

Mission

THE ORGANIZATION'S EXEMPT PURPOSE IS TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY.

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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 $2,182,526

Program Service Revenue $541,215

Investment Income $319

Other Revenue $0

TOTAL REVENUE $2,724,060

Expense Breakdown

Grants Paid $3,029

Salaries & Benefits $604,866

Fundraising Expenses $0

Program Expenses $1,889,093

Other Expenses $1,461,678

TOTAL EXPENSES $2,069,573

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,724,060	$2,414,358	+0.1%
Expenses	$2,069,573	$2,003,384	+0.0%
Net Income	$654,487	$410,974	+0.6%

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

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

$163,996

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BYRON LESTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID GINDEN	CHAIR	1.00	Officer Director	$0	$0	$0
DEBRA ROSEN	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE ISAACSON	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MILDRED SHAW	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN ZELMAN	DIRECTOR	1.00	Director	$0	$0	$0
SUZETTE DEBEATHAM-BROWN	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TAMMI KRAUSHAAR	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE CALHOUN	DIRECTOR	1.00	Director	$0	$0	$0
REV DARRELL GOODWIN	DIRECTOR	1.00	Director	$0	$0	$0
LINDA HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
LEON RIVERS	DIRECTOR	1.00	Director	$0	$0	$0
JAN ROSENTHAL	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN REINER	SECRETARY/EXECUTIVE DIRECTOR	40.00	Officer	$143,776	$20,220	$163,996
ELLEN CYR	RESIDENT SERVICE COORDINATOR	40.00	Highest	$100,192	$30,080	$130,272

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	$2,724,060	$2,069,573	$3,933,128	$654,487
2024	$2,414,358	$2,003,384	$3,394,946	$410,974
2023	$1,963,898	$1,831,000	$2,671,687	$132,898
2022	$1,948,509	$1,711,616	$2,590,440	$236,893
2021	$1,902,276	$1,709,259	$2,610,672	$193,017
2020	$1,821,809	$1,751,200	$2,519,520	$70,609
2019	$1,797,432	$1,818,385	$2,589,155	$-20,953
2018	$1,764,761	$1,758,308	$2,699,425	$6,453

FEDERATION HOMES INC