Home Start

EIN: 251907421 501(c)(3) Environment

Peaks Island, ME

Total Revenue
$387,309
Total Expenses
$2,101
Total Assets
$551,496
Net Assets
$551,496
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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
2022
Legal Domicile
ME
Principal Officer
Elizabeth Remage-Healey
Phone
2072722135
Tax Period
2023-10-01 to 2024-09-30

Home Start, founded in 2022, is a small nonprofit in the Environment sector that reported $387K in total revenue in fiscal year 2023. Revenue surged 825% from the prior year, signaling strong growth momentum. The organization ran a surplus of $385K, a strong 99% operating margin.

Mission

Create and Maintain Affordable Housing

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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 (2023)

Revenue Breakdown

Contributions & Grants $387,218
Program Service Revenue $0
Investment Income $91
Other Revenue $0
TOTAL REVENUE $387,309

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,101
Other Expenses $2,101
TOTAL EXPENSES $2,101

Year-over-Year Comparison

2023 2022 Change
Revenue $387,309 $41,876 +8.2%
Expenses $2,101 $31,624 -0.9%
Net Income $385,208 $10,252 +36.6%
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
8
Independent Members
8
Employees
N/A
Volunteers
20

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Betsey Reage-Healey President 3.00
Officer
$0 $0 $0
Timmi Sellers Secretary 2.00
Officer
$0 $0 $0
Todd Remage-Healey Treasurer 4.00
Officer
$0 $0 $0
Peter Mcglaughlin Member 2.00
Director
$0 $0 $0
Irv Williams Member 2.00
Director
$0 $0 $0
Rhonda Berg Member 2.00
Director
$0 $0 $0
Peter Eckle Member 2.00
Director
$0 $0 $0
Gigi Guyton Member 2.00
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 $387,309 $2,101 $551,496 $385,208
2022 $156,660 $3,953 $159,453 $152,707
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