EDDIES HOUSE

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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

2007

Legal Domicile

Principal Officer

SHARON MCGINLEY

Phone

2153073273

Tax Period

2023-01-01 to 2023-12-31

EDDIES HOUSE, founded in 2007, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 265% from the prior year, signaling strong growth momentum.

Mission

EDDIE S HOUSE PROVIDES INDEPENDENT LIVING SERVICES TO LOW AND MODERATE INCOME ADULTS WHO NO LONGER QUALIFY FOR FOSTER CARE.

Program Service Accomplishments

Program 1

Expenses: $118,354 Revenue: $980,930

WE USE THE FAMILY GROUP DECISION MAKING PROCESS TO FACILITATE,ENABLE AND EXTEND RESPONSIBILITY FOR CHILD SAFETY,WELL BEING AND PERMANENCE TO FAMILIES COMMUNITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $169,432

Program Service Revenue $1,080,930

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,250,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $946,372

Fundraising Expenses $0

Program Expenses $118,354

Other Expenses $356,006

TOTAL EXPENSES $1,302,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,250,362	$342,565	+2.6%
Expenses	$1,302,378	$336,195	+2.9%
Net Income	$-52,016	$6,370	-9.2%

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

N/A

Employees

Volunteers

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

$48,428

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON MCGINLEY	PRESIDENT	1	Officer Director	$0	$0	$0
MARY ELDRIDGE	VICE PRESIDENT	1	Officer Director	$0	$0	$0
MARLENE MACKASON	SECRETARY	1	Officer Director	$0	$0	$0
NAILA MACHADO	TREASURER	1	Director	$0	$0	$0
CELESTE STEWART	MEMBER	1	Director	$0	$0	$0
RAY TRAN	MEMBER	1	Director	$0	$0	$0
MARIE HENDERSON	MEMBER	1	Director	$0	$0	$0
COREY SHDAIMAH	MEMBER	1	Director	$0	$0	$0
TAAHIR MACKASON	MEMBER	40	Director Highest	$48,428	$0	$48,428

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	No data	No data	No data	No data
2023	$1,250,362	$1,302,378	$260,893	$-52,016
2022	$342,565	$336,195	$169,842	$6,370
2020	$298,144	$270,387	$166,969	$27,757
2019	$410,603	$338,032	$171,477	$72,571
2018	$287,809	$202,088	$98,906	$85,721