HOMES FOR HEROES INC (EIN 264526324) - 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

2009

Legal Domicile

Principal Officer

HON JOHN MURPHY

Phone

8457350515

Tax Period

2024-01-01 to 2024-12-31

HOMES FOR HEROES INC, founded in 2009, is a small nonprofit that reported $433K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. Net assets of $2.5M represent 71 months of operating reserves.

Mission

PROVIDE SAFE, DIGNIFIED AND SUPPORTIVE RENTAL APARTMENTS FOR VETERANS WHO ARE DISABLED OR DISPLACED IN THE SERVICE OF THE UNITED STATES OF AMERICA

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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 (2024)

Revenue Breakdown

Contributions & Grants $279,197

Program Service Revenue $0

Investment Income $2

Other Revenue $153,635

TOTAL REVENUE $432,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $436,307

Other Expenses $462,935

TOTAL EXPENSES $462,935

Year-over-Year Comparison

	2024	2023	Change
Revenue	$432,834	$655,401	-0.3%
Expenses	$462,935	$202,419	+1.3%
Net Income	$-30,101	$452,982	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HON JOHN MURPHY	President	1.00	Officer Director	$0	$0	$0
CARLOS MARTINEZ	Director	1.00	Director	$0	$0	$0
TOM MICELLI	Vice President	1.00	Officer Director	$0	$0	$0
MARTY WORTENDYKE	Director	1.00	Director	$0	$0	$0
CARL DORNBUSH	Director	1.00	Director	$0	$0	$0
WILLIAM WARREN	Treasurer	1.00	Officer Director	$0	$0	$0
JOHN MANIFOLD	Director	1.00	Director	$0	$0	$0
MONICA TOSCANO	Secretary	1.00	Director	$0	$0	$0
LEON FISHMAN	CFO	0.00	Officer	$0	$0	$0
RONALD SIGNORE	CEO	0.00	Officer	$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
2024	$432,834	$462,935	$7,039,748	$-30,101
2023	$655,401	$202,419	$6,759,296	$452,982
2022	$118,589	$155,805	$3,833,171	$-37,216
2021	$249,812	$150,926	$2,186,624	$98,886
2020	$137,715	$159,300	$2,060,592	$-21,585
2019	$280,101	$163,530	$2,080,657	$116,571
2018	$154,944	$173,774	$1,954,185	$-18,830

HOMES FOR HEROES INC