THE SEEDS OF HOPE HOUSING INC (EIN 204539248) - 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

2007

Legal Domicile

Principal Officer

JASON ETHERIDGE

Phone

9787440500

Tax Period

2024-07-01 to 2025-06-30

THE SEEDS OF HOPE HOUSING INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $112K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $249K exceeded revenue, resulting in a 123% operating deficit.

Mission

TO OWN, MANAGE, AND MAINTAIN RESIDENTIAL REAL ESTATE FOR THE PERMANENT HOUSING AND BENEFIT OF HOMELESS AND LOW INCOME PERSONS, CONSISTING OF TWO BUILDINGS AND THE UNDERLYING LAND ON HIGH STREET AND ENDICOTT STREET IN SALEM, MASSACHUSETTS. THE ORGANIZATION ALSO CONDUCTS EDUCATIONAL PROGRAMS IN CONNECTION WITH SAID HOUSING. IN ADDITION, THE ORGANIZATION, IN COLLABORATION WITH THE SALEM MISSION, INC. OFFERS MEALS, MEDICAL CARE AND CASE MANAGEMENT.

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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 $0

Program Service Revenue $111,512

Investment Income $7

Other Revenue $0

TOTAL REVENUE $111,519

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,150

Fundraising Expenses $0

Program Expenses $247,001

Other Expenses $205,443

TOTAL EXPENSES $248,593

Year-over-Year Comparison

	2024	2023	Change
Revenue	$111,519	$101,933	+0.1%
Expenses	$248,593	$208,230	+0.2%
Net Income	$-137,074	$-106,297	+0.3%

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

$292,352

Total Directors

$292,352

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON ETHERIDGE	EXECUTIVE DIRECTOR/PRESIDE	5.00	Officer Director	$256,921	$35,431	$292,352
ROBERT C SEAMANS III	TREASURER	4.00	Officer Director	$0	$0	$0
ANNE RYBICKI	SECRETARY	4.00	Officer Director	$0	$0	$0
CAROLYN STEWART	VICE CHAIR	4.00	Officer Director	$0	$0	$0
JAY COBURN	CHAIR	4.00	Officer Director	$0	$0	$0
PAUL O'LEARY	DIRECTOR	4.00	Director	$0	$0	$0
JOHN ARCHER	DIRECTOR	4.00	Director	$0	$0	$0
PHILIP FURSE	DIRECTOR	4.00	Director	$0	$0	$0
LAURA TYRRELL	DIRECTOR	4.00	Director	$0	$0	$0
LYN FREEMAN	DIRECTOR	4.00	Director	$0	$0	$0
JOHN BURKE	DIRECTOR	4.00	Director	$0	$0	$0
RICHARD FITZPATRICK	DIRECTOR	4.00	Director	$0	$0	$0
KURT DECKER-LUCKE	DIRECTOR	4.00	Director	$0	$0	$0
SHERI HELLER	DIRECTOR	4.00	Director	$0	$0	$0
CHRISTOPHER SALLAH	DIRECTOR	4.00	Director	$0	$0	$0
KRISTINA HOLMES	CHIEF OF STAFF	5.00	Highest	$100,173	$23,225	$123,398
JONATHAN MICHAEL LUKENS	VICE PRESIDENT OF PROGRAMMATIC ENDEAVORS	5.00	Highest	$128,776	$33,717	$162,493

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
2025	$111,519	$248,593	$1,303,878	$-137,074
2024	No data	No data	No data	No data
2023	$97,618	$195,677	$1,521,665	$-98,059
2022	$104,493	$222,339	$1,548,629	$-117,846
2021	$93,865	$198,711	$1,605,087	$-104,846
2020	$84,993	$198,742	$1,660,542	$-113,749
2019	$91,732	$168,869	$1,765,716	$-77,137
2018	$81,335	$159,104	$1,902,625	$-77,769

THE SEEDS OF HOPE HOUSING INC