ROCKVILLE, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ASHMORE HOMES INC, founded in 2008, is a micro nonprofit in the Housing & Shelter sector that reported $31K in total revenue in fiscal year 2022. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $176K exceeded revenue, resulting in a 461% operating deficit.
TO PROVIDE AFFORDABLE HOUSING TO DISABLED PERSONS UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT.
ASHMORE HOMES, INC. WAS ORGANIZED IN FEBRUARY 2008 UNDER THE PROVISIONS OF THE STATE OF MARYLAND FOR THE PURPOSE OF CONSTRUCTING AND OPERATING HOUSING AND RELATED FACILITIES FOR PERSONS WITH...
ASHMORE HOMES, INC. WAS ORGANIZED IN FEBRUARY 2008 UNDER THE PROVISIONS OF THE STATE OF MARYLAND FOR THE PURPOSE OF CONSTRUCTING AND OPERATING HOUSING AND RELATED FACILITIES FOR PERSONS WITH DISABILITIES. THE ENTITY WAS FINANCED THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT AND CONSISTS OF 10 UNITS. SUCH ENTITIES ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $31,435 | $107,469 | -0.7% |
| Expenses | $176,289 | $191,477 | -0.1% |
| Net Income | $-144,854 | $-84,008 | +0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SUSANNE SINCLAIR-SMITH | CHAIR | 0.50 |
Officer
Director
|
$0 | $7,418 | $185,432 |
| DICK PETTIT | VICE-CHAIR | 0.30 |
Officer
Director
|
$0 | $0 | $0 |
| JIM FERRIS | TREASURER | 0.30 |
Officer
Director
|
$0 | $0 | $0 |
| LISA BENJAMIN | SECRETARY | 0.30 |
Officer
Director
|
$0 | $0 | $0 |
| TROY SWANDA | DIRECTOR | 0.30 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $31,435 | $176,289 | $768,473 | $-144,854 |
| 2022 | $107,469 | $191,477 | $672,280 | $-84,008 |
| 2021 | $118,114 | $160,687 | $723,562 | $-42,573 |
| 2020 | $117,074 | $159,639 | $739,303 | $-42,565 |
| 2019 | $110,294 | $143,541 | $745,096 | $-33,247 |
| 2018 | $94,548 | $174,505 | $776,272 | $-79,957 |
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