Homesteading and Urban Redevelopme… - Form 990 Financial Data

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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

1976

Legal Domicile

Principal Officer

Laura Brunner

Phone

5136213000

Tax Period

2023-01-01 to 2023-12-31

Homesteading and Urban Redevelopment Corporation, founded in 1976, is a small nonprofit in the Housing & Shelter sector that reported $278K in total revenue in fiscal year 2023. Revenue fell 82% from the prior year — a significant decline worth monitoring.

Mission

To rehabilitation blighted properties for potential home ownership by low income families.

Program Service Accomplishments

Program 1

Expenses: $290,428 Revenue: $226,000

Purchase of blighted properties and conveyance of ownership to qualified individuals or families in exchange for repair improvements and occupancy for a minimum of three years.

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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 $50,000

Program Service Revenue $227,666

Investment Income $0

Other Revenue $640

TOTAL REVENUE $278,306

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $290,428

Other Expenses $302,889

TOTAL EXPENSES $302,889

Year-over-Year Comparison

	2023	2022	Change
Revenue	$278,306	$1,575,436	-0.8%
Expenses	$302,889	$1,978,661	-0.8%
Net Income	$-24,583	$-403,225	-0.9%

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

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
Jeanne Golliher	Board Chair	1.00	Officer Director	$0	$0	$0
Kathy Schwab	Vice Chairperson	1.00	Officer Director	$0	$0	$0
Alisa Berry	Director	1.00	Director	$0	$0	$0
Dawn Grace	Director	1.00	Director	$0	$0	$0
LaVerne Mitchell	Director	1.00	Director	$0	$0	$0
Jessica Powell	Director	1.00	Director	$0	$0	$0
Sarah Thomas	Director	1.00	Director	$0	$0	$0
Laura Brunner	Secretary	1.00	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	No data	No data	No data	No data
2023	$278,306	$302,889	$1,445,858	$-24,583
2022	$1,575,436	$1,978,661	$824,027	$-403,225
2021	$1,345,522	$1,026,446	$2,030,300	$319,076
2020	$1,426,977	$1,551,205	$1,189,857	$-124,228
2020	$1,426,977	$1,551,205	$1,189,857	$-124,228
2019	$1,413,875	$1,363,901	$1,377,203	$49,974
2018	$389,599	$453,322	$1,133,407	$-63,723

Homesteading and Urban Redevelopment Corporation