JUBILEE HOMES OF SYRACUSE INC

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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

1986

Legal Domicile

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

OUR MISSION AT JUBILEE HOMES OF SYRACUSE, INC. IS TO SERVE AS THE CATALYST FOR ACHIEVING THE LONG-TERM REVITALIZATION OF THE SOUTHWEST SIDE OF THE CITY OF SYRACUSE, NEW YORK. THIS INVOLVES A WORKFORCE DEVELOPMENT PROGRAM THAT FOCUSES ON REMOVING BARRIERS FOR INDIVIDUALS THAT PREVENT THEM FROM FINDING AND OBTAINING EMPLOYMENT. THE PROGRAM WILL ASSIST CLIENTS WITH CASE MANAGEMENT, EMPLOYMENT ASSISTANCE, JOB READINESS SKILL CREDENTIALS, SOFT SKILL DEVELOPMENT, PREPARATION FOR CONSTRUCTION & OCCUPATIONAL JOB TRAINING/CERTIFICATIONS & ASSISTANCE WITH CONTINUING EDUCATION. THE ORGANIZATION ALSO CONTINUES TO PROVIDE HOME OWNERSHIP AND RENTAL OPPORTUNITIES FOR LOW & MODERATE INCOME INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $735,202

WORKFORCE DEVELOPMENT - A PROGRAM THAT FOCUSES ON REMOVING BARRIERS FOR INDIVIDUALS THAT PREVENT THEM FROM FINDING AND OBTAINING EMPLOYMENT. THE PROGRAM WILL ASSIST CLIENTS WITH CASE MANAGEMENT...

WORKFORCE DEVELOPMENT - A PROGRAM THAT FOCUSES ON REMOVING BARRIERS FOR INDIVIDUALS THAT PREVENT THEM FROM FINDING AND OBTAINING EMPLOYMENT. THE PROGRAM WILL ASSIST CLIENTS WITH CASE MANAGEMENT, EMPLOYMENT ASSISTANCE, JOB READINESS SKILL CREDENTIALS, SOFT SKILL DEVELOPMENT, PREPARATION FOR CONSTRUCTION & OCCUPATIONAL JOB TRAINING/CERTIFICATIONS & ASSISTANCE WITH CONTINUING EDUCATION.

Program 2

Revenue: $190,207

CONSTRUCTION ACTIVITIES - JUBILEE HOMES OF SYRACUSE, INC IS INVOLVED IN THE CONSTRUCTION OF NEW HOMES AND BUSINESSES IN THE SOUTHWEST AREA OF THE CITY OF SYRACUSE TO CREATE COMMUNITY SUSTAINABILITY...

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$102,908

Total Directors

Key Employees

Highest Compensated

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