HOMESTUDIES & ADOPTION PLACEMENT SERVICES INC (BANKRUPT)

EIN: 222408990 501(c)(3)

ESSEX FELLS, NJ

Total Revenue
$10,702
Total Expenses
$18,864
Total Assets
$127,055
Net Assets
$-46,867
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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
1982
Legal Domicile
NJ
Principal Officer
DONALD V BIASE
Phone
9735309128
Tax Period
2020-06-01 to 2021-05-31

HOMESTUDIES & ADOPTION PLACEMENT SERVICES INC (BANKRUPT), founded in 1982, is a micro nonprofit that reported $11K in total revenue in fiscal year 2020. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $19K exceeded revenue, resulting in a 76% operating deficit.

Mission

HOMESTUDUES AND ADOPTION PLACEMENTS

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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 (2020)

Revenue Breakdown

Contributions & Grants $10,702
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $10,702

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $18,864
TOTAL EXPENSES $18,864

Year-over-Year Comparison

2020 2019 Change
Revenue $10,702 $187,665 -0.9%
Expenses $18,864 $432,993 -1.0%
Net Income $-8,162 $-245,328 -1.0%
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
11
Independent Members
11
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER SMITH PRESIDENT 40.00
Officer
$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
2021 $10,702 $18,864 $127,055 $-8,162
2020 $187,665 $432,993 $94,130 $-245,328
2019 $478,554 $507,809 $222,950 $-29,255
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