CLEARWATER, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOMES FOR INDEPENDENCE SPACE COAST INC, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $97K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $119K exceeded revenue, resulting in a 23% operating deficit.
TO FACILITATE SERVICES, RESOURCES AND PARTNERSHIPS TO SUPPORT PEOPLE WITH DISABILITIES AND OTHERS WE SERVE, ALONG WITH THEIR FAMILIES, THEIR CAREGIVERS AND COMMUNITY MEMBERS, IN ORDER TO BUILD MORE INCLUSIVE COMMUNITIES.
HOMES FOR INDEPENDENCE, INC. SPACE COAST IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION AND THE HOUSING DIVISION OF ABILITIES, INC. OF FLORIDA. ABILITIES, INC. OF FLORIDA DBA SERVICESOURCE IS A 501(C)(3)...
HOMES FOR INDEPENDENCE, INC. SPACE COAST IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION AND THE HOUSING DIVISION OF ABILITIES, INC. OF FLORIDA. ABILITIES, INC. OF FLORIDA DBA SERVICESOURCE IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION OPERATING AS THE FLORIDA REGIONAL OFFICE OF SERVICESOURCE. THE MISSION OF THE ORGANIZATION IS TO FACILITATE SERVICES, RESOURCES AND PARTNERSHIPS TO SUPPORT PEOPLE WITH DISABILITIES AND OTHERS WE SERVE, ALONG WITH THEIR FAMILIES, THEIR CAREGIVERS AND COMMUNITY MEMBERS, IN ORDER TO BUILD MORE INCLUSIVE COMMUNITIES. THE SERVICESOURCE ORGANIZATION IS MADE UP OF FIVE REGIONAL OFFICES WITH PROGRAMS AND OPERATIONS IN MORE THAN 10 STATES AND THE DISTRICT OF COLUMBIA. THE REGIONAL OFFICES ARE LOCALLY INCORPORATED AS SEPARATE 501(C)(3) ENTITIES BUT MEET CONCURRENTLY THROUGH THE SAME VOLUNTEER BOARD OF DIRECTORS ACROSS REGIONS. ABILITIES, INC. OF FLORIDA OPERATING AS THE FLORIDA REGIONAL OFFICE OF SERVICESOURCE IS LOCATED IN CLEARWATER, FL. THE VIRGINIA REGIONAL OFFICE IS IN OAKTON, VA; THE NORTH CAROLINA REGIONAL OFFICE IS LOCATED IN FAYETTEVILLE, NC; THE DELAWARE REGIONAL OFFICE IS IN NEW CASTLE, DE; AND THE UTAH REGIONAL OFFICE IS IN CLEARFIELD, UT.HOMES FOR INDEPENDENCE PROVIDES AFFORDABLE, ACCESSIBLE AND SAFE HOUSING FOR PERSONS WITH LOW INCOMES AND/OR DISABILITIES THROUGH THE FOLLOWING PROGRAMS AND SERVICES: -INCLUSIVE, ACCESSIBLE AND AFFORDABLE RENTALS IN PINELLAS AND BREVARD COUNTIES, FL, AND IN CUMBERLAND COUNTY, NC, IN CONDOMINIUM UNITS WHICH ARE INTEGRATED INTO ESTABLISHED CONDOMINIUM COMMUNITIES WITH EASY ACCESS TO SHOPPING AND TRANSPORTATION. AFFORDABLE, ACCESSIBLE AND SAFE HOUSING WAS PROVIDED TO MORE THAN 310 FAMILIES IN FY24. -HOUSING COUNSELING FOR INDIVIDUALS WITH DISABILITIES AND THEIR FAMILIES. -VETERANS HOUSING THROUGH DUVAL PARK IN ST. PETERSBURG, FL. THIS 88-UNIT PERMANENT SUPPORTED HOUSING COMMUNITY FOR VETERAN WITH DISABILITIES AND THEIR FAMILIES PROVIDES A RANGE OF SUPPORT SERVICES.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $96,946 | $84,397 | +0.1% |
| Expenses | $119,102 | $100,490 | +0.2% |
| Net Income | $-22,156 | $-16,093 | +0.4% |
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 |
|---|---|---|---|---|---|---|
| LALANIA SEEDERS | CHAIR | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| KATIE BENDEL | VICE CHAIR | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| BARBARA MCSHERRY | SECRETARY | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN SOUTHSCOTT | TREASURER | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| GILBERT LOGAN | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| MONIQUE LITTLE | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| AMANDA GOMEZ | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| BRUCE PATTERSON | PRESIDENT/CEO | 1.00 |
Officer
|
$0 | $40,363 | $636,644 |
| NATHANIEL HOOVER | CHIEF FINANCIAL OFFICER | 1.00 |
Officer
|
$0 | $1,947 | $368,417 |
| MATTHEW MOTKO | EXECUTIVE DIRECTOR | 1.00 |
Officer
|
$0 | $32,294 | $199,574 |
| KENNETH CRUM | CHIEF OPERATING OFFICER | 1.00 |
Officer
|
$0 | $41,634 | $384,541 |
| LISA CICCOLELLI | DIRECTOR-HOUSING | 1.00 |
Officer
|
$0 | $20,851 | $145,218 |
| ANDREW RIND | EVP-PROGRAM SERVICES | 1.00 |
Key Emp
|
$0 | $32,471 | $275,828 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $96,946 | $119,102 | $574,402 | $-22,156 |
| 2023 | $84,397 | $100,490 | $596,558 | $-16,093 |
| 2022 | $75,227 | $76,002 | $612,651 | $-775 |
| 2021 | $72,107 | $72,673 | $613,426 | $-566 |
| 2020 | $62,918 | $71,573 | $613,912 | $-8,655 |
| 2019 | $68,868 | $81,491 | $622,567 | $-12,623 |
Compare HOMES FOR INDEPENDENCE SPACE COAST INC with other nonprofits in Florida and across the country.