BETTER HOMES 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

1975

Legal Domicile

Principal Officer

BETTY GILBERT

Phone

2159453400

Tax Period

2023-01-01 to 2023-12-31

BETTER HOMES INC, founded in 1975, is a small nonprofit in the Housing & Shelter sector that reported $290K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Net assets of $2.6M represent 109 months of operating reserves.

Mission

PURCHASE, REHAB, SELL OR RENT HOMES TO LOW AND MODERATE INCOME FAMILIES AT AFFORDABLE PRIES.

Program Service Accomplishments

Program 1

Expenses: $199,032 Revenue: $144,882

AFFORDABLE LOW TO MODERATE INCOME HOUSING.

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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 $364

Program Service Revenue $144,882

Investment Income $7

Other Revenue $144,943

TOTAL REVENUE $290,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,449

Fundraising Expenses $0

Program Expenses $199,032

Other Expenses $137,236

TOTAL EXPENSES $285,685

Year-over-Year Comparison

	2023	2022	Change
Revenue	$290,196	$507,159	-0.4%
Expenses	$285,685	$303,353	-0.1%
Net Income	$4,511	$203,806	-1.0%

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

$69,418

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARMEN WATTS	EXECUTIVE DI	40.00	Officer	$55,000	$14,418	$69,418
ARLENIA BRINSON	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE CHATMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
VALERIE GERNHARDT	DIRECTOR	1.00	Director	$0	$0	$0
BETTY GILBERT	PRESIDENT	10.00	Officer Director	$0	$0	$0
KAY RICE-TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
FREDERICK TOWSON	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
2023	$290,196	$285,685	$3,157,766	$4,511
2022	$507,159	$303,353	$3,309,894	$203,806
2021	$442,896	$386,803	$3,199,597	$56,093
2020	$604,845	$393,601	$3,205,402	$211,244
2019	$419,906	$417,584	$3,059,892	$2,322
2018	$434,579	$481,331	$3,052,497	$-46,752