JUBILEE HOMES OF SYRACUSE INC

EIN: 161330593 501(c)(3) Housing & Shelter

SYRACUSE, NY

Total Revenue
$1,137,113
Total Expenses
$915,899
Total Assets
$1,598,152
Net Assets
$1,152,343
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
NY
Principal Officer
WALTER DIXIE
Phone
3154280070
Tax Period
2024-01-01 to 2024-12-31

JUBILEE HOMES OF SYRACUSE INC, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. The organization ran a surplus of $221K, a strong 19% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO IMPROVE THE STANDARD OF LIVING AND PROPERTY VALUES WITHIN THE SOUTHWEST AREA OF THE CITY OF SYRACUSE THROUGH CONSTRUCTION, RENTING OR LEASING HOMES AND PROVIDING TECHNICAL ASSISTANCE TO POTENTIAL HOMEOWNERS.

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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 $946,906
Program Service Revenue $163,392
Investment Income $26,795
Other Revenue $20
TOTAL REVENUE $1,137,113

Expense Breakdown

Grants Paid $0
Salaries & Benefits $579,819
Fundraising Expenses $0
Program Expenses $735,202
Other Expenses $336,080
TOTAL EXPENSES $915,899

Year-over-Year Comparison

2024 2023 Change
Revenue $1,137,113 $1,180,339 0.0%
Expenses $915,899 $988,438 -0.1%
Net Income $221,214 $191,901 +0.2%
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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Governance

Voting Members
11
Independent Members
11
Employees
19
Volunteers
33

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
5
$102,908
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS JOHNSON TREASURER 1.00
Officer Director
$0 $0 $0
BARBARA DEVOISE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KENDRA JOHNSON SECRETARY 1.00
Officer Director
$0 $0 $0
HOLLIS MATHIS BOARD MEMBER 1.00
Director
$0 $0 $0
ZINA ADJEI BOARD MEMBER 1.00
Director
$0 $0 $0
TASHA FAIN BOARD MEMBER 1.00
Director
$0 $0 $0
TIMOTHY KIRKLAND BOARD MEMBER 1.00
Director
$0 $0 $0
JOSE MARRERO BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE PASQUALE BOARD MEMBER 1.00
Director
$0 $0 $0
VERNON WILLIAMS PRESIDENT 1.00
Officer Director
$0 $0 $0
PATRICIA ALLEN BOARD MEMBER 1.00
Director
$0 $0 $0
WALTER DIXIE EXECUTIVE DIRECTOR 35.00
Officer
$97,200 $5,708 $102,908
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 $1,137,113 $915,899 $1,598,152 $221,214
2023 $1,180,339 $988,438 $1,440,998 $191,901
2022 $988,936 $873,356 $1,558,592 $115,580
2021 $605,505 $644,973 $931,110 $-39,468
2020 $565,319 $536,490 $950,163 $28,829
2020 $621,077 $584,116 $951,707 $36,961
2019 $735,815 $614,428 $993,009 $121,387
2019 $677,803 $613,251 $916,159 $64,552
2018 $658,154 $592,939 $948,346 $65,215
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