HOMES FOR BLACK CHILDREN

EIN: 237133965 501(c)(3) Human Services

Detroit, MI

Total Revenue
$1,527,564
Total Expenses
$1,513,837
Total Assets
$250,668
Net Assets
$-1,362,139
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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.

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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%)

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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

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Governance

Voting Members
9
Independent Members
9
Employees
17
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
0
$0
Total Directors
9
$210,000
Key Employees
0
$0
Highest Compensated
0
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
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