SALERNO HOME INC

EIN: 208339010 501(c)(3) Housing & Shelter

BIRMINGHAM, AL

Total Revenue
$28,158
Total Expenses
$39,100
Total Assets
$267,024
Net Assets
$-160,208
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
AL
Principal Officer
PATRICK HASSELL
Phone
2055954555
Tax Period
2024-10-01 to 2025-09-30

SALERNO HOME INC, founded in 2008, is a micro nonprofit in the Housing & Shelter sector that reported $25K in total revenue in fiscal year 2019. Expenses of $32K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PROVIDE LOW-INCOME HOUSING

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $27,435
Investment Income $723
Other Revenue $0
TOTAL REVENUE $28,158

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $35,857
Other Expenses $39,100
TOTAL EXPENSES $39,100

Year-over-Year Comparison

2024 2023 Change
Revenue $28,158 $28,081 +0.0%
Expenses $39,100 $41,390 -0.1%
Net Income $-10,942 $-13,309 -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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK HASSELL PRESIDENT 0.00
Director
$0 $0 $0
TERRI HARVILL BOARD MEMBER 0.00
Director
$0 $0 $0
RACHELLE CATHER BOARD MEMBER 0.00
Director
$0 $0 $0
ERIN MURDOCH BOARD MEMBER 0.00
Director
$0 $0 $0
TAMMIE BENNETT BOARD MEMBER 0.00
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
2025 $28,158 $39,100 $267,024 $-10,942
2024 $28,081 $41,390 $271,375 $-13,309
2023 $27,561 $35,048 $279,718 $-7,487
2022 $26,972 $37,507 $287,036 $-10,535
2021 $25,971 $30,113 $294,861 $-4,142
2020 $25,228 $32,315 $302,790 $-7,087
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