Homes For Hope Inc (EIN 270034814) - 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

2000

Legal Domicile

Principal Officer

Veronica Jenkins

Phone

2025821970

Tax Period

2024-01-01 to 2024-12-31

Homes For Hope Inc, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 8% surplus.

Mission

To provide housing to PWA

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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 $8,853

Program Service Revenue $1,814,223

Investment Income $0

Other Revenue $105,301

TOTAL REVENUE $1,928,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $745,136

Fundraising Expenses $0

Program Expenses $1,737,574

Other Expenses $1,026,847

TOTAL EXPENSES $1,771,983

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,928,377	$1,529,660	+0.3%
Expenses	$1,771,983	$1,584,139	+0.1%
Net Income	$156,394	$-54,479	-3.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Antonio Mapp	Secretary	10.00	Director	$0	$0	$0
Kanita Howard	Member	10.00	Director	$0	$0	$0
DeShawn Woodberry	President	10.00	Director	$0	$0	$0
BJ Ferguson	Member	10.00	Director	$0	$0	$0
Veronica Jenkins	Executive Dir	20.00	Officer	$0	$0	$0
Louvenia Williams	Member	10.00	Director	$0	$0	$0
Tamara McCants	Member	10.00	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
2024	$1,928,377	$1,771,983	$2,368,676	$156,394
2023	$1,529,660	$1,584,139	$2,358,481	$-54,479
2022	$1,317,138	$1,253,154	$2,616,432	$63,984
2021	$1,217,460	$1,195,451	$2,632,062	$22,009
2020	$1,285,882	$1,333,453	$2,611,820	$-47,571
2019	$1,530,618	$1,417,601	$2,035,079	$113,017
2018	$1,320,880	$1,423,632	$2,610,618	$-102,752

Homes For Hope Inc