Alternatives Homes 2005 Inc

EIN: 208605772 501(c)(3) Human Services

Raritan, NJ

Total Revenue
$99,626
Total Expenses
$117,340
Total Assets
$759,997
Net Assets
$-327,613
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NJ
Principal Officer
LYNN OMSLAER
Phone
9086851444
Tax Period
2023-10-01 to 2024-09-30

Alternatives Homes 2005 Inc, founded in 2006, is a micro nonprofit in the Human Services sector that reported $100K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $117K exceeded revenue, resulting in a 18% operating deficit.

Mission

PROVIDE CONSUMERS OF PHYSICAL AND MENTAL HEALTH SERVICES WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.

Program Service Accomplishments

Program 1
Expenses: $89,562 Revenue: $35,284

The Project operates two group homes located in Bridgewater and Phillipsburg, New Jersey that provide consumers of mental health services with housing facilities and services specifically designed to...

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The Project operates two group homes located in Bridgewater and Phillipsburg, New Jersey that provide consumers of mental health services with housing facilities and services specifically designed to meet their physical, social, and psychological needs, and to promote their health, security, and happiness and usefulness in longer living.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $64,162
Program Service Revenue $35,284
Investment Income $180
Other Revenue $0
TOTAL REVENUE $99,626

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $89,562
Other Expenses $117,340
TOTAL EXPENSES $117,340

Year-over-Year Comparison

2023 2022 Change
Revenue $99,626 $92,244 +0.1%
Expenses $117,340 $112,467 +0.0%
Net Income $-17,714 $-20,223 -0.1%
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

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
5

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
2
$140,630
Total Directors
6
$140,630
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNN OMSLAER CHAIRPERSON, trustee 1.0
Officer Director
$0 $22,000 $140,630
MANJU RATHNAM TREASURER/SECRETARY, trustee 1.0
Officer Director
$0 $0 $0
MORRIS MALSTROM TRUSTEE 1.0
Director
$0 $0 $0
SHARON CLARK TRUSTEE 1.0
Director
$0 $0 $0
JAMES ROMACH TRUSTEE 1.0
Director
$0 $0 $0
Barbara Dolan trustee 1.0
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 $99,626 $117,340 $759,997 $-17,714
2023 $92,244 $112,467 $808,016 $-20,223
2022 $68,033 $102,237 $834,657 $-34,204
2021 $59,956 $105,718 $869,207 $-45,762
2020 $53,280 $89,452 $904,178 $-36,172
2019 $152,767 $86,284 $923,209 $66,483
2018 $68,936 $84,173 $856,805 $-15,237
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