Community 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

1977

Legal Domicile

Principal Officer

George Economon

Phone

7013655000

Tax Period

2018-09-01 to 2019-05-04

Community Homes Inc, founded in 1977, is a micro nonprofit that reported $88K in total revenue in fiscal year 2018. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $115K exceeded revenue, resulting in a 31% operating deficit.

Mission

To provide housing facilities and service for middle and low income residents of North Dakota.

Program Service Accomplishments

Program 1

Expenses: $98,291 Revenue: $55,547

Community Homes, Inc. is a non-profit corporation organized for the purpose of providing housing facilities and services for middle and low income residents of North Dakota. The corporation's offices and facilities are located in Fargo (Phase I and II) and Wahpeton, North Dakota. Phase I consists of 90 units, Phase II consists of 96 units, and Wahpeton consists of 96 units, all of which are multi-family housing projects. Substantially all of the project's income is derived from the rental of its apartment units. In connection therewith, the project has entered into housing assistance payments contracts with HUD on behalf of qualified tenants.

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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 (2018)

Revenue Breakdown

Contributions & Grants $32,386

Program Service Revenue $55,547

Investment Income $0

Other Revenue $0

TOTAL REVENUE $87,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,208

Fundraising Expenses $0

Program Expenses $98,291

Other Expenses $110,925

TOTAL EXPENSES $115,133

Year-over-Year Comparison

	2018	2017	Change
Revenue	$87,933	$1,352,936	-0.9%
Expenses	$115,133	$1,718,014	-0.9%
Net Income	$-27,200	$-365,078	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rev Eric Renner	President	0.50	Officer Director	$0	$0	$0
George Economon	Secretary/Treasurer	0.10	Officer Director	$0	$0	$0
Rosella Jangula	Director	0.10	Director	$0	$0	$0
Rev Kevin Kloster	Director	0.10	Director	$0	$0	$0
Rev Tim Stoa	Director	0.10	Director	$0	$0	$0
Diane Jorgenson	Alternate	0.10	Director	$0	$0	$0
Paul McNutt	Alternate	0.10	Director	$0	$0	$0
Fr Chad Wilhelm	Alternate	0.10	Director	$0	$0	$0
Angela Kisser	Alternate	0.10	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
2019	$87,933	$115,133	No data	$-27,200
2018	$1,352,936	$1,718,014	$4,464,520	$-365,078