HOMECOMINGS INC (FKA CHAPEL LANE HOUSING INC) (EIN 061713301) - 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

2003

Legal Domicile

Principal Officer

JOE NOCELLA

Phone

8056485008

Tax Period

2023-01-01 to 2023-12-31

HOMECOMINGS INC (FKA CHAPEL LANE HOUSING INC), founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $3.7M in total revenue in fiscal year 2023. The organization ran a surplus of $3.1M, a strong 84% operating margin.

Mission

PERFORMANCE OF THE MANAGEMENT OF CHAPEL LANE L.P., WHICH OWNS 38 APARTMENT RENTAL UNITS, TO BE PROVIDED TO QUALIFYING SENIOR LOW-INCOME HOUSEHOLDS, AS WELL AS EXPLORING NEW FINANCIAL MECHANISMS TO DEVELOP MORE AFFORDABLE 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 $0

Program Service Revenue $3,673,819

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,673,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $595,472

Other Expenses $595,472

TOTAL EXPENSES $595,472

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,673,819	$3,689,190	0.0%
Expenses	$595,472	$537,985	+0.1%
Net Income	$3,078,347	$3,151,205	0.0%

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

$191,392

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM WHITE	CHAIR	1.00	Director	$0	$0	$0
JOHN POLANSKEY	VICE CHAIR	1.00	Director	$0	$0	$0
DIANA SPARAGNA	DIRECTOR	1.00	Director	$0	$0	$0
KATE SIMONSON	DIRECTOR	1.00	Director	$0	$0	$0
SELFA SAUCEDO	DIRECTOR	1.00	Director	$0	$0	$0
CAROL SCHULKIN	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA KELLER	DIRECTOR	1.00	Director	$0	$0	$0
JOE NOCELLA	CFO	40.00	Officer	$120,126	$0	$120,126
JEFFREY LAMBERT	EXECUTIVE DIRECTOR	40.00	Officer	$71,266	$0	$71,266
DENISE M WISE	EXECUTIVE DIRECTOR	40.00		$214,116	$0	$214,116

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	$3,673,819	$595,472	$9,723,551	$3,078,347
2022	$3,689,190	$537,985	$4,998,055	$3,151,205
2021	$1,632,441	$584,507	$1,286,095	$1,047,934
2020	$215,738	$586,613	$-174,935	$-370,875
2019	$162,900	$643,693	$-290,474	$-480,793
2018	$91,036	$931,840	$-140,174	$-840,804

HOMECOMINGS INC (FKA CHAPEL LANE HOUSING INC)