Homecrest Community Services Inc (EIN 113373115) - 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

1997

Legal Domicile

Principal Officer

Wai Yee Chan

Phone

7183764036

Tax Period

2024-07-01 to 2025-06-30

Homecrest Community Services Inc, founded in 1997, is a community nonprofit in the Human Services sector that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

Provide social, education and cultural services to seniors in the community.

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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 $2,560,624

Program Service Revenue $39,615

Investment Income $60

Other Revenue $73,722

TOTAL REVENUE $2,674,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,415,372

Fundraising Expenses $141,855

Program Expenses $2,338,926

Other Expenses $1,332,551

TOTAL EXPENSES $2,747,923

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,674,021	$2,469,557	+0.1%
Expenses	$2,747,923	$2,280,073	+0.2%
Net Income	$-73,902	$189,484	-1.4%

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

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

$134,416

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wai Yee Chan	President & CEO	35.00	Officer	$134,416	$0	$134,416
Gregory Gong	Chairman	1.00	Director	$0	$0	$0
Lana Leung	Treasurer	1.00	Director	$0	$0	$0
Joanna Wu	Secretary	1.00	Director	$0	$0	$0
Toi Shu Mui	Board member	1.00	Director	$0	$0	$0
Michael Dong	Board member	1.00	Director	$0	$0	$0
Jayson Lam	Board member	1.00	Director	$0	$0	$0
Kin Ng	Board member	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
2025	$2,674,021	$2,747,923	$1,492,115	$-73,902
2024	$2,469,557	$2,280,073	$1,269,740	$189,484
2023	$1,754,456	$1,643,796	$1,194,328	$110,660
2022	$1,336,549	$1,248,280	$1,347,852	$88,269
2021	$879,019	$877,135	$1,140,622	$1,884

Homecrest Community Services Inc