HOMESTEAD VILLAGE INC (EIN 232010104) - 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

1976

Legal Domicile

Principal Officer

DOUGLAS V MOTTER

Phone

7173974831

Tax Period

2023-07-01 to 2024-06-30

HOMESTEAD VILLAGE INC, founded in 1976, is a mid-sized nonprofit in the Human Services sector that reported $29.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $27.5M left a modest 7% surplus.

Mission

CONTINUING CARE RETIREMENT COMMUNITY

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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 (2023)

Revenue Breakdown

Contributions & Grants $353,780

Program Service Revenue $27,547,578

Investment Income $1,181,535

Other Revenue $570,641

TOTAL REVENUE $29,653,534

Expense Breakdown

Grants Paid $4,541

Salaries & Benefits $12,623,703

Fundraising Expenses $184,548

Program Expenses $24,244,463

Other Expenses $14,848,763

TOTAL EXPENSES $27,477,007

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,653,534	$27,143,553	+0.1%
Expenses	$27,477,007	$25,349,200	+0.1%
Net Income	$2,176,527	$1,794,353	+0.2%

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

309

Volunteers

258

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

$332,230

Total Directors

Key Employees

$420,898

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN CARSON	CHAIRMAN	2.00	Officer Director	$0	$0	$0
HARRY RADCLIFFE	IMMEDIATE PAST CHAIRMAN	2.00	Officer Director	$0	$0	$0
MARY BETH TEARPOCK	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOAN BOBEN	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL GERFIN	TREASURER	2.00	Officer Director	$0	$0	$0
GRACE AJEMBA	BOARD MEMBER	2.00	Director	$0	$0	$0
GEORGE ALSPACH	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID OLSON	BOARD MEMBER	2.00	Director	$0	$0	$0
SHERRY QUALLS	BOARD MEMBER	2.00	Director	$0	$0	$0
BENJAMIN BAMFORD	BOARD MEMBER (START 10/23)	2.00	Director	$0	$0	$0
CHARLES SKIP ZEIDERS	BOARD MEMBER (START 10/23)	2.00	Director	$0	$0	$0
STEPHEN KEPCHAR JR	BOARD MEMBER (END 10/23)	2.00	Director	$0	$0	$0
WILLIAM WHITESELL	BOARD MEMBER (END 10/23)	2.00	Director	$0	$0	$0
DOUGLAS MOTTER	PRESIDENT	50.00	Officer	$211,540	$38,693	$250,233
KATHY MINCIN	CFO (START 7/23)	50.00	Officer	$72,462	$9,535	$81,997
LAURA TALLARICO	VP OF HR	50.00	Key Emp	$159,877	$30,789	$190,666
JOEL CLAUSEN	VP OF RESIDENT SERVICES	50.00	Key Emp	$191,836	$38,396	$230,232
JEREMIAH TUCKER	DIRECTOR OF ENVIRONMENTAL	50.00	Highest	$108,773	$18,699	$127,472

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	No data	No data	No data	No data
2024	$29,653,534	$27,477,007	$105,601,452	$2,176,527
2023	$27,143,553	$25,349,200	$98,313,262	$1,794,353
2022	$26,063,641	$23,849,761	$95,050,545	$2,213,880
2021	$26,089,008	$22,182,475	$90,201,941	$3,906,533
2020	$23,501,955	$21,688,385	$80,640,560	$1,813,570
2019	$20,952,068	$20,263,333	$65,563,781	$688,735
2018	$20,123,468	$19,093,944	$59,455,554	$1,029,524

HOMESTEAD VILLAGE INC