ESPERANCE HOMES INC

EIN: 311774943 501(c)(3) Mental Health

GAITHERSBURG, MD

Total Revenue
$67,788
Total Expenses
$83,856
Total Assets
$461,409
Net Assets
$-152,699
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MD
Principal Officer
SARAH NORMAN
Phone
3018403297
Tax Period
2022-07-01 to 2023-06-30

ESPERANCE HOMES INC, founded in 2001, is a micro nonprofit in the Mental Health sector that reported $68K in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $84K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO PERSONS WITH DISABILITIES UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT.

Program Service Accomplishments

Program 1
Expenses: $49,710 Revenue: $48,368

ESPERANCE HOMES, INC. IS A MARYLAND CORPORATION ORGANIZED IN FEBRUARY 2001 FOR THE PURPOSE OF ACQUIRING, DEVELOPING AND OPERATING HOUSING AND RELATED FACILITIES WHICH CONSIST OF 6 UNITS LOCATED IN...

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ESPERANCE HOMES, INC. IS A MARYLAND CORPORATION ORGANIZED IN FEBRUARY 2001 FOR THE PURPOSE OF ACQUIRING, DEVELOPING AND OPERATING HOUSING AND RELATED FACILITIES WHICH CONSIST OF 6 UNITS LOCATED IN MONTGOMERY COUNTY, MARYLAND FOR PERSONS WITH CHRONIC MENTAL ILLNESS. THE ENTITY RECEIVES ASSISTANCE UNDER PROVISIONS OF SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT. SUCH PROJECTS ARE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $48,368
Program Service Revenue $19,379
Investment Income $41
Other Revenue $0
TOTAL REVENUE $67,788

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $49,710
Other Expenses $83,856
TOTAL EXPENSES $83,856

Year-over-Year Comparison

2022 2021 Change
Revenue $67,788 $60,708 +0.1%
Expenses $83,856 $78,166 +0.1%
Net Income $-16,068 $-17,458 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
3
Employees
N/A
Volunteers
5

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
4
$695,111
Total Directors
5
$695,111
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH NORMAN PRESIDENT 0.25
Officer Director
$0 $20,272 $192,560
ROBERT HALL VICE PRESIDENT 0.25
Officer Director
$0 $0 $0
JEFF RICHARDSON TREASURER 0.25
Officer Director
$0 $51,488 $502,551
DAVID WEISS SECRETARY 0.25
Officer Director
$0 $0 $0
CLAIRE DENNIS-TUKPAH DIRECTOR 0.25
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
2023 $67,788 $83,856 $461,409 $-16,068
2022 $60,708 $78,166 $460,236 $-17,458
2021 $50,720 $66,364 $469,860 $-15,644
2020 $41,560 $61,503 $479,135 $-19,943
2019 $55,779 $57,702 $499,297 $-1,923
2018 $55,832 $58,803 $502,306 $-2,971
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