HOMELESS SOLUTIONS INC (EIN 222491675) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

MARY LEBLANC

Phone

9739930900

Tax Period

2023-01-01 to 2023-12-31

HOMELESS SOLUTIONS INC, founded in 1983, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $6.5M left a modest 7% surplus.

Mission

FOUNDED IN 1983, HOMELESS SOLUTIONS PROVIDES A HAND UP, NOT A HANDOUT. WE ARE UNIQUE IN NEW JERSEY BY OPERATING AN EMERGENCY SHELTER FOR FAMILIES, INDIVIDUALS, INCLUDING A WINTER PROGRAM FOR STREET HOMELESS, TRANSITIONAL HOUSING, AN AFFORDABLE HOUSING FACILITY FOR LOW-INCOME, SINGLE WOMEN, AGE 62+; AND BUILDS AND MANAGES AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES ACROSS MORRIS COUNTY, NJ.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,277,161

Program Service Revenue $1,408,129

Investment Income $148,189

Other Revenue $1,130,071

TOTAL REVENUE $6,963,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,724,625

Fundraising Expenses $712,040

Program Expenses $5,104,797

Other Expenses $2,776,897

TOTAL EXPENSES $6,501,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,963,550	$5,577,132	+0.2%
Expenses	$6,501,522	$6,286,207	+0.0%
Net Income	$462,028	$-709,075	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

610

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

$445,617

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY LEBLANC	INTERIM CEO	1.00	Director	$0	$0	$0
MICHAEL GAYDA	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE GOLDMAN	TRUSTEE	1.00	Director	$0	$0	$0
MEGAN YOUNG	TRUSTEE	1.00	Director	$0	$0	$0
WARREN ESTEY	TRUSTEE	1.00	Director	$0	$0	$0
DIANE MANN	CHAIRPERSON	3.00	Officer Director	$0	$0	$0
DARLA WILKINSON	TRUSTEE	1.00	Director	$0	$0	$0
COLLEEN BONDY	TRUSTEE	1.00	Director	$0	$0	$0
GEORGIA PAPATHOMAS	TRUSTEE	1.00	Director	$0	$0	$0
STEVE SCHROEDER	TRUSTEE	1.00	Director	$0	$0	$0
DAVON GORMAN	TRUSTEE	1.00	Director	$0	$0	$0
SALLY MULLIGAN	VICE CHAIRPERSON	3.00	Officer Director	$0	$0	$0
LING YIN	TRUSTEE	1.00	Director	$0	$0	$0
RYAN SPENCER	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT CHILSON	TRUSTEE	1.00	Director	$0	$0	$0
NURIS PORTUONDO	TRUSTEE	1.00	Director	$0	$0	$0
MARC STEINMAN	TRUSTEE	1.00	Director	$0	$0	$0
ROB SCHMITT	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH VANDEVEER	TRUSTEE	1.00	Director	$0	$0	$0
NANCY RAMIREZ-DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
JAMES HECK	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL MCGUIRE	CEO	40.00	Officer	$158,713	$19,555	$178,268
STEPHANIE CICALE	CORPORATE SECRETARY	40.00	Officer	$115,160	$16,812	$131,972
CHRISTINE SUTHERLAND	DIRECTOR OF FINANCE	40.00	Officer	$119,427	$15,950	$135,377

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	$6,963,550	$6,501,522	$24,031,718	$462,028
2022	$5,577,132	$6,286,207	$23,137,141	$-709,075
2021	$6,094,141	$5,603,166	$23,789,271	$490,975
2021	$6,038,778	$5,603,166	$23,789,268	$435,612
2020	$5,359,761	$5,028,749	$23,079,444	$331,012
2019	$4,787,433	$4,514,901	$21,835,093	$272,532
2018	$4,494,280	$4,279,528	$20,791,353	$214,752

HOMELESS SOLUTIONS INC