HOMES FOR LIFE FOUNDATION (EIN 311671140) - 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

1999

Legal Domicile

Principal Officer

MICKI EDELSOHN

Phone

3025711217

Tax Period

2023-07-01 to 2024-06-30

HOMES FOR LIFE FOUNDATION, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $231K in total revenue in fiscal year 2023. Revenue surged 108% from the prior year, signaling strong growth momentum. Expenses of $531K exceeded revenue, resulting in a 130% operating deficit.

Mission

CONSTRUCT AND FURNISH HOMES FOR MEN AND WOMEN WITH INTELLECTUAL DISABILITIES

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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 $1,100

Program Service Revenue $0

Investment Income $230,179

Other Revenue $0

TOTAL REVENUE $231,279

Expense Breakdown

Grants Paid $515,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $531,478

Other Expenses $16,478

TOTAL EXPENSES $531,478

Year-over-Year Comparison

	2023	2022	Change
Revenue	$231,279	$111,112	+1.1%
Expenses	$531,478	$20,900	+24.4%
Net Income	$-300,199	$90,212	-4.3%

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

N/A

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
LANNY EDELSOHN MD	PRESIDENT	4.00	Officer Director	$0	$0	$0
ANDREW EDELSOHN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICKI EDELSOHN	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN KATZIN	SECRETARY	1.00	Officer Director	$0	$0	$0
TERI EDELSOHN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN R COCHRAN	DIRECTOR	1.00	Director	$0	$0	$0
DONALD N ISKEN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
JODI R KELLER	DIRECTOR	1.00	Director	$0	$0	$0
CAROL S LEVIN	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE ROMANOWICH ESQ	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA L SWANSON RN	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN C RHODES	DIRECTOR	1.00	Director	$0	$0	$0
MONIKA SHAFI PHD	DIRECTOR	1.00	Director	$0	$0	$0
JO CAROLE LAUDER	DIRECTOR	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$231,279	$531,478	$3,188,750	$-300,199
2023	$111,112	$20,900	$3,459,342	$90,212
2022	$245,752	$258,513	$3,251,918	$-12,761
2021	$375,377	$18,694	$3,826,173	$356,683
2020	$176,124	$22,597	$3,209,092	$153,527
2020	$176,124	$22,597	$3,209,092	$153,527
2019	$228,138	$22,054	$3,091,770	$206,084

HOMES FOR LIFE FOUNDATION