HOMEBASE TEXAS

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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

Principal Officer

MICHELE ANDERSON

Phone

5124728788

Tax Period

2023-01-01 to 2023-12-31

HOMEBASE TEXAS, founded in 2005, is a small nonprofit that reported $797K in total revenue in fiscal year 2023. Revenue surged 824% from the prior year, signaling strong growth momentum.

Mission

TO CREATE PERMANENT AFFORDABLE HOUSING IN AUSTIN.

Program Service Accomplishments

Program 1

Expenses: $822,008 Revenue: $790,363

HOMEBASE TEXAS PROVIDES AFFORDABLE HOUSING CONSULTING AND PROGRAM SERVICES TO ASSIST HOUSEHOLDS AT OR BELOW 80% MEDIAN FAMILY INCOME FOR NEW SALES AND UP TO 120% MEDIAN FAMILY INCOME FOR RESALES.

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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 $0

Program Service Revenue $790,363

Investment Income $0

Other Revenue $6,992

TOTAL REVENUE $797,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $349,492

Fundraising Expenses $0

Program Expenses $822,008

Other Expenses $472,516

TOTAL EXPENSES $822,008

Year-over-Year Comparison

	2023	2022	Change
Revenue	$797,355	$86,340	+8.2%
Expenses	$822,008	$514,309	+0.6%
Net Income	$-24,653	$-427,969	-0.9%

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

N/A

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

$770,961

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YVETTE FLORES	CHAIR	1.00	Officer Director	$0	$0	$0
REV DR DARYL HORTON	CHAIR - ELECT	1.00	Officer Director	$0	$0	$0
LAURA TOUPS	SECRETARY	1.00	Officer Director	$0	$0	$0
MASON AYER	TREASURER	1.00	Officer Director	$0	$0	$0
ROSS SABOLCIK	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
DANA LEAMAN	DIRECTOR	1.00	Director	$0	$0	$0
MIA PARTON	DIRECTOR	1.00	Director	$0	$0	$0
PHIL HUTCHINSON	DIRECTOR	1.00	Director	$0	$0	$0
SHELLI TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE ANDERSON	CEO FROM 2/1/23	45.00	Officer	$0	$15,580	$304,012
DONALD K MCPHEE	CFO FROM 3/6/23	45.00	Officer	$0	$10,521	$169,895
WAYNE GERAMI	COO	45.00	Officer	$0	$21,904	$220,747
PHYLLIS SNODGRASS	CEO THRU 1/31/23	45.00	Officer	$0	$4,174	$76,307

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	No data	No data	No data	No data
2023	$797,355	$822,008	$479,002	$-24,653
2022	$86,340	$514,309	$1,605,045	$-427,969
2021	$97,258	$193,141	$1,556,340	$-95,883
2020	$102,035	$274,793	$1,459,407	$-172,758
2019	$185,684	$270,588	$1,577,152	$-84,904
2018	$85,453	$652,569	$1,731,731	$-567,116