HOMSITE FUND INC (EIN 237368656) - 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

1972

Legal Domicile

Principal Officer

ERICA RYAN

Phone

3152538451

Tax Period

2024-05-01 to 2025-04-30

HOMSITE FUND INC, founded in 1972, is a small nonprofit in the Community Improvement sector that reported $219K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $271K exceeded revenue, resulting in a 23% operating deficit.

Mission

HOMSITE FUND IS A NONPROFIT COMMUNITY BASED DEVELOPMENT ORGANIZATION FOCUSED ON PROVIDING HOUSING AND COMMUNITY DEVELOPMENT SERVICES GEARED TO IMPROVING THE LIVES OF LOW AND MODERATE INCOME PERSONS LIVING IN THE CITY OF AUBURN

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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 $148,695

Program Service Revenue $69,102

Investment Income $52

Other Revenue $1,521

TOTAL REVENUE $219,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,711

Other Expenses $270,736

TOTAL EXPENSES $270,736

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,370	$333,879	-0.3%
Expenses	$270,736	$350,382	-0.2%
Net Income	$-51,366	$-16,503	+2.1%

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

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

$72,295

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA ENGE	SECRETARY	1.00	Officer Director	$0	$0	$0
CRAIG MIETZ	TREASURER	1.00	Officer Director	$0	$0	$0
BOB PADULA	PRESIDENT	1.00	Officer Director	$0	$0	$0
TIFFANY BEEBEE	VICEPRESIDENT	1.00	Officer Director	$0	$0	$0
DEANNA RYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG LATTIMORE	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA RYAN	EXECUTIVE DIRECTOR	1.00	Officer	$0	$1,958	$72,295

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	$219,370	$270,736	$406,125	$-51,366
2024	$333,879	$350,382	$444,663	$-16,503
2023	$318,602	$432,159	$513,618	$-113,557
2022	$397,058	$509,796	$661,186	$-112,738
2021	$323,104	$357,349	$777,871	$-34,245
2020	$1,039,069	$1,063,790	$895,323	$-24,721
2019	$547,279	$577,873	$886,017	$-30,594

HOMSITE FUND INC