PROJECT HOME (EIN 232555950) - 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

1989

Legal Domicile

Principal Officer

DONNA BULLOCK

Phone

2152327272

Tax Period

2024-07-01 to 2025-06-30

PROJECT HOME, founded in 1989, is a mid-sized nonprofit in the Human Services sector that reported $50.7M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $56.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE MISSION OF PROJECT HOME IS TO BREAK THE CYCLE OF HOMELESSNESS AND POVERTY IN PHILADELPHIA.

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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 $31,286,186

Program Service Revenue $15,125,367

Investment Income $4,153,352

Other Revenue $159,224

TOTAL REVENUE $50,724,129

Expense Breakdown

Grants Paid $251,961

Salaries & Benefits $31,877,757

Fundraising Expenses $2,627,805

Program Expenses $46,277,740

Other Expenses $24,252,101

TOTAL EXPENSES $56,381,819

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,724,129	$61,898,311	-0.2%
Expenses	$56,381,819	$51,306,344	+0.1%
Net Income	$-5,657,690	$10,591,967	-1.5%

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

590

Volunteers

1525

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

$520,218

Total Directors

$520,218

Key Employees

$712,386

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA BULLOCK	PRESIDENT/CEO (AS OF 07/2024)	40.00	Officer Director	$125,398	$11,435	$136,833
S MARY SCULLION RSM	PRESIDENT/ED (TO 07/2024)	40.00	Officer Director	$319,389	$63,996	$383,385
ESTELLE RICHMAN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
HANK HOCKEIMER	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JEFF COOK	TREASURER	1.00	Officer Director	$0	$0	$0
JESSIE AI	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL ALFONSO VAZQUEZ PAGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOANNE BERWIND	BOARD MEMBER	1.00	Director	$0	$0	$0
CAITLIN FERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
GUS GRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARISSA HUMPHREY	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI LASHER	BOARD MEMBER (TO 12/2024)	1.00	Director	$0	$0	$0
KEITH LEAPHART	BOARD MEMBER	1.00	Director	$0	$0	$0
LEIGH MIDDLETON	BOARD MEMBER (TO 12/2024)	1.00	Director	$0	$0	$0
WES MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGHAN MAGUIRE NICOLETTI	BOARD MEMBER	1.00	Director	$0	$0	$0
MARCEL PRATT	BOARD MEMBER	1.00	Director	$0	$0	$0
DUANE PERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS WALKER JR	BOARD MEMBER (TO 12/2024)	1.00	Director	$0	$0	$0
JOYCE WILKERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIDGET JACOBS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARC JENKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAINETTE MINTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY RILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
NORMA REICHLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOYCE HAGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANCIE FITZERALD	BOARD MEMBER (AS OF 01/2025)	1.00	Director	$0	$0	$0
RICHARD ALSTON	BOARD MEMBER (AS OF 03/2025)	1.00	Director	$0	$0	$0
JOAN DAWSON MCCONNON	ASSOCIATE EXEC DIR. (TO 01/2025)	40.00	Key Emp	$305,369	$142,675	$448,044
KEVIN NOEL	EXECUTIVE VP/CFO	40.00	Key Emp	$231,037	$33,305	$264,342
JANET STEARNS	SVP OF RE DEVELOPMENT	40.00	Highest	$215,712	$31,639	$247,351
WILLIAM KURTYCZ	VP OF HEALTH SERVICES	40.00	Highest	$256,375	$10,345	$266,720
ANNETTE JEFFREY	SVP OF DEVELOPMENT & COMMUNICATION	40.00	Highest	$204,542	$19,877	$224,419
RONALD PATTERSON	VP OF IT	40.00	Highest	$198,299	$8,562	$206,861
YEVETTE CARMICHAEL	SVP OF PEOPLE & CULTURE	40.00	Highest	$192,721	$19,480	$212,201

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	$50,724,129	$56,381,819	$199,470,675	$-5,657,690
2024	$61,898,311	$51,306,344	$199,631,929	$10,591,967
2023	$73,793,942	$46,431,246	$184,346,820	$27,362,696
2022	$58,435,083	$43,312,102	$141,488,039	$15,122,981
2021	$48,160,499	$49,611,648	$138,024,120	$-1,451,149
2020	$51,500,818	$37,134,462	$130,744,744	$14,366,356
2019	$44,724,588	$36,436,273	$120,883,107	$8,288,315
2018	$45,296,481	$31,597,159	$112,474,247	$13,699,322

PROJECT HOME