AURORA HOMES INC

EIN: 113802048 501(c)(3) Housing & Shelter

ROCKVILLE, MD

Total Revenue
$85,330
Total Expenses
$158,304
Total Assets
$700,239
Net Assets
$-725,182
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
MD
Principal Officer
SUSANNE SINCLAIR-SMITH
Phone
3012170314
Tax Period
2021-07-01 to 2022-06-30

AURORA HOMES INC, founded in 2006, is a micro nonprofit in the Housing & Shelter sector that reported $85K in total revenue in fiscal year 2021. Expenses of $158K exceeded revenue, resulting in a 86% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO DISABLED PERSONS UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT.

Program Service Accomplishments

Program 1
Expenses: $106,485 Revenue: $19,598

AURORA HOMES, INC. WAS ORGANIZED IN DECEMBER 2006 UNDER THE PROVISIONS OF THE STATE OF MARYLAND FOR THE PURPOSE OF CONSTRUCTING AND OPERATING HOUSING AND RELATED FACILITIES FOR PERSONS WITH...

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AURORA HOMES, INC. WAS ORGANIZED IN DECEMBER 2006 UNDER THE PROVISIONS OF THE STATE OF MARYLAND FOR THE PURPOSE OF CONSTRUCTING AND OPERATING HOUSING AND RELATED FACILITIES FOR PERSONS WITH DISABILITIES. THE ENTITY WAS FINANCED THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT AND CONSISTS OF 8 UNITS. SUCH ENTITIES ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $65,690
Program Service Revenue $19,598
Investment Income $7
Other Revenue $35
TOTAL REVENUE $85,330

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $106,485
Other Expenses $158,304
TOTAL EXPENSES $158,304

Year-over-Year Comparison

2021 2020 Change
Revenue $85,330 $79,134 +0.1%
Expenses $158,304 $128,118 +0.2%
Net Income $-72,974 $-48,984 +0.5%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
5

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
$180,987
Total Directors
5
$180,987
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSANNE SINCLAIR-SMITH CEO 0.50
Officer Director
$0 $11,742 $180,987
DICK PETTIT VICE PRESIDENT 0.30
Officer Director
$0 $0 $0
JIM FERRIS TREASURER 0.30
Officer Director
$0 $0 $0
LISA BENJAMIN DIRECTOR 0.30
Director
$0 $0 $0
TROY SWANDA DIRECTOR 0.30
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
2023 No data No data No data No data
2022 $85,330 $158,304 $700,239 $-72,974
2021 $79,134 $128,118 $752,415 $-48,984
2020 $81,898 $118,351 $776,935 $-36,453
2019 $76,427 $116,715 $784,060 $-40,288
2018 $63,706 $117,554 $821,925 $-53,848
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