Home Ownership Providing Empowerment Inc

EIN: 061522058 501(c)(3) Housing & Shelter

Middletown, CT

Total Revenue
$-45,857
Total Expenses
N/A
Total Assets
$134,361
Net Assets
$-5,575
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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
1998
Legal Domicile
CT
Principal Officer
Paul Hylton
Phone
8609853317
Tax Period
2024-01-01 to 2024-12-31

Home Ownership Providing Empowerment Inc, founded in 1998, is a micro nonprofit in the Housing & Shelter sector that reported $46K in total revenue in fiscal year 2024.

Mission

Increase inner city home ownership and affordable housing opportunity

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $-45,857
TOTAL REVENUE $-45,857

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $113,007
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2024 2023 Change
Revenue $-45,857 $-25,670 +0.8%
Expenses N/A N/A N/A
Net Income N/A $-25,670 N/A
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

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Governance

Voting Members
4
Independent Members
4
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV MOSES HARVILL President 10.00
Officer Director
$0 $0 $0
REV WILLIAM MCKISSICK Vice President 2.00
Officer Director
$0 $0 $0
REV W VANCE COTTEN Director 5.00
Director
$0 $0 $0
REV PAUL HYLTON Treasurer 5.00
Officer
$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 $-45,857 No data $134,361 No data
2023 $-25,670 No data $178,988 No data
2022 $10,171 No data $472,369 No data
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