HOMES BY TLC (EIN 223660414) - 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

1999

Legal Domicile

Principal Officer

BARRY J FREEDMAN

Phone

6099899417

Tax Period

2024-10-01 to 2025-09-30

HOMES BY TLC, founded in 1999, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Net assets of $9.9M represent 53 months of operating reserves.

Mission

PRODUCTION AND OPERATION OF PERMANENT AFFORDABLE HOUSING AND TRANSITIONAL LIVING FOR HOMELESS AND WORKING POOR FAMILIES.

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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 $426,719

Program Service Revenue $1,820,824

Investment Income $0

Other Revenue $14,334

TOTAL REVENUE $2,261,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,178

Fundraising Expenses $0

Program Expenses $2,191,035

Other Expenses $2,184,932

TOTAL EXPENSES $2,198,110

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,261,877	$2,986,212	-0.2%
Expenses	$2,198,110	$1,930,713	+0.1%
Net Income	$63,767	$1,055,499	-0.9%

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

$12,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CELIA MURPHEE BERNSTEIN	EXECUTIVE DI	20.00	Officer	$12,000	$0	$12,000
BARRY J FREEDMAN	TREASURER	2.00	Officer Director	$0	$0	$0
DANA IRLBACHER	TRUSTEE	2.00	Director	$0	$0	$0
ANN KOSCO	CO-CHAIRPERS	2.00	Officer Director	$0	$0	$0
MARTHA LAMAR	CO-CHAIRPERS	2.00	Officer Director	$0	$0	$0
MARK OLINSKY	TRUSTEE	2.00	Director	$0	$0	$0
SAM ORLANDO	TRUSTEE	2.00	Director	$0	$0	$0
MARIA SIERRA	TRUSTEE	2.00	Director	$0	$0	$0
JACQUELINE STACEY	TRUSTEE	2.00	Director	$0	$0	$0
LEO STINSON	TRUSTEE	2.00	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	$2,261,877	$2,198,110	$22,326,592	$63,767
2024	$2,986,212	$1,930,713	$21,405,820	$1,055,499
2023	$4,480,436	$1,806,564	$20,396,544	$2,673,872
2022	$1,891,552	$1,612,954	$16,454,657	$278,598
2021	$2,562,247	$1,290,755	$16,018,097	$1,271,492
2020	$1,392,638	$1,188,332	$11,904,173	$204,306
2019	$1,326,705	$1,238,788	$11,949,948	$87,917
2018	$1,435,663	$1,217,764	$12,172,368	$217,899

HOMES BY TLC