HORIZONS FOR HOMELESS CHILDREN

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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

1988

Legal Domicile

Principal Officer

SHARON FULLER

Phone

6175535402

Tax Period

2024-07-01 to 2025-06-30

HORIZONS FOR HOMELESS CHILDREN, founded in 1988, is a mid-sized nonprofit in the Human Services sector that reported $23.5M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.2M, a strong 22% operating margin.

Mission

HHC'S MISSION IS TO IMPROVE THE LIVES OF HOMELESS CHILDREN AND THEIR FAMILIES. HHC PROVIDES HOMELESS CHILDREN IN MASSACHUSETTS WITH THE NURTURING, STIMULATION AND OPPORTUNITIES FOR EARLY EDUCATION AND PLAY THAT ALL CHILDREN NEED TO LEARN AND GROW IN HEALTHY WAYS.

Program Service Accomplishments

Program 1

Expenses: $12,434,517

EARLY EDUCATION CENTERS - THE AGENCY OPERATES ONE OF MASSACHUSETTS TOP RANKED EARLY EDUCATION PROGRAMS, WHICH STARTS CHILDREN ALONG THE PATH TOWARD SUCCESS AT SCHOOL. THE AGENCY'S EARLY EDUCATION...

EARLY EDUCATION CENTERS - THE AGENCY OPERATES ONE OF MASSACHUSETTS TOP RANKED EARLY EDUCATION PROGRAMS, WHICH STARTS CHILDREN ALONG THE PATH TOWARD SUCCESS AT SCHOOL. THE AGENCY'S EARLY EDUCATION PROGRAM IS DESIGNED TO ADDRESS THE UNIQUE CHALLENGES AND TRAUMA THAT CHILDREN EXPERIENCING HOMELESSNESS FACE.

Program 2

Expenses: $1,514,948 Revenue: $1,188,290

THE PLAYSPACE PROGRAM- THE AGENCY PROVIDES CHILDREN IN SHELTERS PLAY EXPERIENCES THAT LET THEM BE KIDS FOR A FEW HOURS EACH WEEK. THROUGH THE PLAYSPACE PROGRAM, THE AGENCY BUILDS PLAYROOMS...

THE PLAYSPACE PROGRAM- THE AGENCY PROVIDES CHILDREN IN SHELTERS PLAY EXPERIENCES THAT LET THEM BE KIDS FOR A FEW HOURS EACH WEEK. THROUGH THE PLAYSPACE PROGRAM, THE AGENCY BUILDS PLAYROOMS, COORDINATE ACTIVITIES AND WORK WITH STAFF IN MORE THAN 52 SHELTERS ACROSS MASSACHUSETTS.

Program 3

Expenses: $239,954

EVALUATION - THE EVALUATION PROGRAM IS A KEY PROGRAM IN THE AGENCY'S GOAL OF UNDERTAKING A MORE FORMAL PROCESS TO DESIGN, EVALUATE, AND UTILIZE INFORMATION GAINED TO IMPROVE OUTCOMES FOR CHILDREN AND FAMILIES WHO PARTICIPATE IN THE AGENCY'S PROGRAMS. THIS PROGRAM WILL BE INSTRUMENTAL TO THE AGENCY'S FOCUS ON INFLUENCING PUBLIC POLICY REGARDING EARLY CHILDHOOD EDUCATION AND CHILD AND FAMILY HOMELESSNESS.

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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 $21,226,412

Program Service Revenue $1,260,080

Investment Income $1,273,670

Other Revenue $-266,196

TOTAL REVENUE $23,493,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,309,815

Fundraising Expenses $2,097,219

Program Expenses $14,487,559

Other Expenses $5,946,949

TOTAL EXPENSES $18,256,764

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,493,966	$19,351,861	+0.2%
Expenses	$18,256,764	$15,505,676	+0.2%
Net Income	$5,237,202	$3,846,185	+0.4%

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

180

Volunteers

730

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

$694,475

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA DIMARIA	SENIOR DIRECTOR OF HUMAN R	40.00	Director	$0	$0	$0
CHARLES HAZARD	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN MAZZELLA	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY MORZANO	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE SCORDATO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATE O'NEIL	CLERK	1.00	Officer Director	$0	$0	$0
RAHIM RAJPAR	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SUNG	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ROBERGE	CHAIR	1.00	Officer Director	$0	$0	$0
BARBARA SHAPIRO	DIRECTOR	1.00	Director	$0	$0	$0
KATE LUBIN	DIRECTOR	1.00	Director	$0	$0	$0
SUE O'CONNELL	DIRECTOR	1.00	Director	$0	$0	$0
LIZ VANZURA	DIRECTOR	1.00	Director	$0	$0	$0
EJ WHELAN	TREASURER	1.00	Officer Director	$0	$0	$0
BRONWEN CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA MANN	DIRECTOR	1.00	Director	$0	$0	$0
MAITA VERT CROCKER	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH CROWLEY	DIRECTOR	1.00	Director	$0	$0	$0
RYAN T DEBIN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL EISENSON	DIRECTOR	1.00	Director	$0	$0	$0
GLENN ENGLER	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY E ESTELLA	DIRECTOR	1.00	Director	$0	$0	$0
CARL LONG	DIRECTOR	1.00	Director	$0	$0	$0
YVONNE LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
SHANNA O'REILLY	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY FUHRER	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH KLEINERMAN	DIRECTOR	1.00	Director	$0	$0	$0
KATE BARRAND	PRESIDENT AND CEO	40.00	Officer	$471,481	$379	$471,860
SHARON FULLER	CHIEF FINANCIAL OFFICER	40.00	Officer	$212,737	$9,878	$222,615
TAMMY REDER	DIRECTOR OF PROGRAM REVENU	40.00	Highest	$183,100	$9,954	$193,054
DEBORAH STOLBACH	CHIEF PROGRAM OFFICER	40.00	Highest	$195,053	$2,004	$197,057
TARA SPALDING	CHIEF OF ADVANCEMENT AND STRATEGIC PARTNERSHIPS	40.00	Highest	$286,200	$29,226	$315,426

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	$23,493,966	$18,256,764	$69,723,729	$5,237,202
2024	$19,351,861	$15,505,676	$63,111,081	$3,846,185
2023	$17,977,883	$14,544,447	$58,393,954	$3,433,436
2022	$18,496,836	$13,337,428	$38,808,218	$5,159,408
2021	$15,965,078	$11,387,667	$38,363,647	$4,577,411
2020	$14,250,674	$12,173,873	$31,228,820	$2,076,801
2019	$16,716,238	$10,559,330	$30,300,897	$6,156,908