HOUSING OPPORTUNITIES MEAN EMPOWERMENT III INC (EIN 262927632) - 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

DONALD J DEW

Phone

7732612252

Tax Period

2019-01-01 to 2019-12-31

HOUSING OPPORTUNITIES MEAN EMPOWERMENT III INC, founded in 2007, is a small nonprofit that reported $650K in total revenue in fiscal year 2019. Expenses of $1.1M exceeded revenue, resulting in a 65% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY.

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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 (2019)

Revenue Breakdown

Contributions & Grants $451,057

Program Service Revenue $193,678

Investment Income $458

Other Revenue $5,237

TOTAL REVENUE $650,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $265,890

Fundraising Expenses $0

Program Expenses $1,003,356

Other Expenses $808,512

TOTAL EXPENSES $1,074,402

Year-over-Year Comparison

	2019	2018	Change
Revenue	$650,430	$633,910	+0.0%
Expenses	$1,074,402	$1,072,357	+0.0%
Net Income	$-423,972	$-438,447	0.0%

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

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

$308,518

Total Directors

$433,708

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD J DEW	PRESIDENT/CEO	10.00	Officer Director	$0	$0	$177,144
JOYCE K WADE	TREASURER	10.00	Officer Director	$0	$0	$131,374
MORRIS ALLEN JR	DIRECTOR	1.00	Director	$0	$0	$0
EDY BURTON	SECRETARY	1.00	Officer Director	$0	$0	$0
KEN SOUTHWARD	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA WASHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
KAREN D BARBEE-DIXON	DIRECTOR	1.00	Director	$0	$0	$125,190
MICHELLE WILLIAMS	DIRECTOR	1.00	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
2019	$650,430	$1,074,402	$8,728,767	$-423,972
2018	$633,910	$1,072,357	$9,079,712	$-438,447

HOUSING OPPORTUNITIES MEAN EMPOWERMENT III INC