HOME DEVELOPMENT INC C/O HOME INC (EIN 222874259) - 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

1987

Legal Domicile

Principal Officer

BRETT HILL

Phone

2035624663

Tax Period

2024-04-01 to 2025-03-31

HOME DEVELOPMENT INC C/O HOME INC, founded in 1987, is a small nonprofit that reported $355K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $843K exceeded revenue, resulting in a 138% operating deficit.

Mission

DEVELOPMENT, OWNERSHIP AND OPERATION OF AFFORDABLE HOUSING FOR DISABLED AND OTHER LOW-INCOME CITIZENS.

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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 $346,104

Investment Income $8,626

Other Revenue $0

TOTAL REVENUE $354,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $842,626

Other Expenses $842,626

TOTAL EXPENSES $842,626

Year-over-Year Comparison

	2024	2023	Change
Revenue	$354,730	$325,875	+0.1%
Expenses	$842,626	$858,293	0.0%
Net Income	$-487,896	$-532,418	-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

Governance

Voting Members

Independent Members

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

$117,885

Total Directors

$117,885

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT HILL	PRESIDENT	5.00	Officer Director	$0	$12,285	$117,885
FRANCESCA MARTIN	SECRETARY/ACTING TREASURER	1.00	Officer 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	$354,730	$842,626	$4,528,702	$-487,896
2024	$325,875	$858,293	$4,828,560	$-532,418
2023	$309,040	$849,056	$5,130,150	$-540,016
2022	$267,232	$859,683	$5,331,041	$-592,451
2021	$243,913	$822,719	$5,585,749	$-578,806
2020	$298,163	$896,889	$5,806,105	$-598,726
2019	$312,727	$804,266	$6,021,847	$-491,539

HOME DEVELOPMENT INC C/O HOME INC