Homes Now Inc

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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

1997

Legal Domicile

Principal Officer

CHRISTINE HOFMANN

Phone

7322957380

Tax Period

2024-01-01 to 2024-12-31

Homes Now Inc, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $660K in total revenue in fiscal year 2024. Revenue surged 524% from the prior year, signaling strong growth momentum. The organization ran a surplus of $148K, a strong 22% operating margin.

Mission

PROVIDE AFFORDABLE HOUSING AND SERVICES TO MUNICIPALITIES THROUGHOUT THE STATE OF NEW JERSEY

Program Service Accomplishments

Program 1

Expenses: $443,022 Revenue: $276,697

RENOVATE AND CONSTRUCT NEW HOUSING FOR LOW INCOME HOUSING FAMILIES, MONITOR AND PROVIDE MANGEMENT SERVICES FOR LOW INCOME HOUSING PROJECTS FOR COAH COMPLIANCE

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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 $151,663

Program Service Revenue $276,697

Investment Income $4,547

Other Revenue $227,061

TOTAL REVENUE $659,968

Expense Breakdown

Grants Paid $890

Salaries & Benefits $100,840

Fundraising Expenses $0

Program Expenses $443,022

Other Expenses $410,296

TOTAL EXPENSES $512,026

Year-over-Year Comparison

	2024	2023	Change
Revenue	$659,968	$105,772	+5.2%
Expenses	$512,026	$576,471	-0.1%
Net Income	$147,942	$-470,699	-1.3%

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

Volunteers

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

$175,099

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE HOFMANN	EXECUTIVE DIRECTOR	40.0	Officer	$175,099	$0	$175,099
BETH MECKEL	PRESIDENT/TREASURER - Trustee	2.0	Officer Director	$0	$0	$0
SHARON LABASH	VICE PRESIDENT - TRUSTEE	2.0	Officer Director	$0	$0	$0
CHRISTINE MCBRIDE	SECRETARY - TRUSTEE	2.0	Officer Director	$0	$0	$0
AUDRA BURGHARD	TRUSTEE	2.0	Director	$0	$0	$0
STEVEN M GREEN	TRUSTEE	2.0	Director	$0	$0	$0
JODI A QUERCIA	TRUSTEE	2.0	Director	$0	$0	$0
MELISSA WEEKS	TRUSTEE	2.0	Director	$0	$0	$0
LAUREN FRANK	MUNICIPAL LIAISON	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	$659,968	$512,026	$16,273,786	$147,942
2023	$105,772	$576,471	$17,563,178	$-470,699
2022	$590,421	$737,261	$16,975,740	$-146,840
2021	$587,737	$685,396	$9,703,565	$-97,659
2020	$632,544	$1,008,526	$9,311,505	$-375,982
2019	$1,270,675	$1,495,268	$9,896,926	$-224,593
2018	$1,522,594	$2,041,052	$11,214,319	$-518,458