HOMES OF HOPE INC (EIN 202804613) - 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

2005

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

HOMES OF HOPE INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $358K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $421K exceeded revenue, resulting in a 18% operating deficit.

Mission

PROVIED TEMPORARY AND EMERGENCY AND LOW INCOME HOUSING AND SECURED SHELTER.

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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 $114,854

Program Service Revenue $243,010

Investment Income $0

Other Revenue $0

TOTAL REVENUE $357,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $274,416

Fundraising Expenses $1,592

Program Expenses $390,641

Other Expenses $146,228

TOTAL EXPENSES $420,644

Year-over-Year Comparison

	2023	2022	Change
Revenue	$357,864	$382,911	-0.1%
Expenses	$420,644	$413,207	+0.0%
Net Income	$-62,780	$-30,296	+1.1%

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

1082

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LASHANTA R WATKINS	EXECUTIVE DIRECTOR	40.00	Highest	$55,296	$0	$55,296
GARY MORAN	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER KILDE	DIRECTOR	2.00	Director	$0	$0	$0
DION BROOKS	DIRECTOR	2.00	Director	$0	$0	$0
CONNIE GOINS	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN JOHNSON	DIRECTOR	0.00	Director	$0	$0	$0
KARISSA JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
CHARITY MEACHUM	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHELLE CARVER	TREASURER	2.00	Officer Director	$0	$0	$0
CINDY MISENHEIMER	PRESIDENT	2.00	Officer Director	$0	$0	$0
WENDY GROWCOCK	SECRETARY	2.00	Officer 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
2024	$357,864	$420,644	$167,585	$-62,780
2023	$382,911	$413,207	$235,911	$-30,296
2022	$413,101	$370,854	$270,555	$42,247
2021	$262,590	$307,932	$245,490	$-45,342
2020	$348,282	$339,596	$241,895	$8,686
2019	$285,729	$336,952	$189,792	$-51,223

HOMES OF HOPE INC