HOMES FOR INDEPENDENCE SPACE COAST INC (EIN 262799386) - 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

2007

Legal Domicile

Principal Officer

BRUCE PATTERSON

Phone

7275387370

Tax Period

2023-07-01 to 2024-06-30

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.

Mission

TO FACILITATE SERVICES FOR PEOPLE WITH DISABILITIES TO BUILD MORE INCLUSIVE 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 $14,429

Program Service Revenue $82,517

Investment Income $0

Other Revenue $0

TOTAL REVENUE $96,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,365

Other Expenses $119,102

TOTAL EXPENSES $119,102

Year-over-Year Comparison

	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%

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

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

$1,734,394

Total Directors

Key Employees

$275,828

Highest Compensated

reported

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

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	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

HOMES FOR INDEPENDENCE SPACE COAST INC