HOMES FOR BLACK CHILDREN

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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

1969

Principal Officer

JACQUELYNN MOFFETT

Tax Period

2024-01-01 to 2024-12-31

HOMES FOR BLACK CHILDREN, founded in 1969, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

To assure that every child has a permanents family.

Program Service Accomplishments

Program 1

Expenses: $1,048,076

Family foster care -Homes for Black children Licensed and supervises foster homes. The organization provides supervision and permanency planning services for referred Michigan state wards

Program 2

Expenses: $174,349

Resource Unit- Homes for Black Children Evaluates families and children for adoption placement. The organization makes adoption placement recommendations under the consent of the court and the...

Resource Unit- Homes for Black Children Evaluates families and children for adoption placement. The organization makes adoption placement recommendations under the consent of the court and the Michigan Department of Social Services.

Program 3

Expenses: $105,102

Black Family preservation- Homes for Black Children Provides support and counselling services aimed at keeping families together.

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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 $1,527,302

Program Service Revenue $0

Investment Income $0

Other Revenue $262

TOTAL REVENUE $1,527,564

Expense Breakdown

Grants Paid $507,070

Salaries & Benefits $705,522

Fundraising Expenses $0

Program Expenses $1,327,527

Other Expenses $301,245

TOTAL EXPENSES $1,513,837

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,527,564	$1,137,465	+0.3%
Expenses	$1,513,837	$1,135,886	+0.3%
Net Income	$13,727	$1,579	+7.7%

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

N/A

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

$210,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT	060.00	Director	$210,000	$0	$210,000
N/A	CHAIRPERSON	001.00	Director	$0	$0	$0
N/A	TREASURY	001.00	Director	$0	$0	$0
N/A	SECRATRY	001.00	Director	$0	$0	$0
N/A	DIRECTOR	001.00	Director	$0	$0	$0
N/A	DIRECTOR	001.00	Director	$0	$0	$0
N/A	DIRECTOR	001.00	Director	$0	$0	$0
N/A	DIRECTOR	001.00	Director	$0	$0	$0
N/A	DIRECTOR	001.00	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
2024	$1,527,564	$1,513,837	$250,668	$13,727
2023	$1,137,465	$1,135,886	$107,710	$1,579
2022	$1,100,655	$1,185,671	$181,708	$-85,016
2021	$1,016,783	$944,297	$18,243	$72,486
2020	$904,872	$991,779	$29,600	$-86,907
2019	$803,173	$900,741	$52,411	$-97,568
2018	$782,815	$817,485	$487,329	$-34,670