WELCOME HOME INC

EIN: 320609377 501(c)(3) Human Services

NEWTON CENTER, MA

Total Revenue
$320,776
Total Expenses
$146,628
Total Assets
$561,270
Net Assets
$561,270
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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
2019
Legal Domicile
MA
Principal Officer
JULIE MAHONEY
Phone
7812447224
Tax Period
2023-01-01 to 2023-12-31

WELCOME HOME INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $321K in total revenue in fiscal year 2023. The organization ran a surplus of $174K, a strong 54% operating margin.

Mission

TO DISTRIBUTE HOME GOODS TO PEOPLE IN NEED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $298,860
Program Service Revenue $0
Investment Income $21,916
Other Revenue $0
TOTAL REVENUE $320,776

Expense Breakdown

Grants Paid $0
Salaries & Benefits $26,913
Fundraising Expenses $2,176
Program Expenses $114,361
Other Expenses $119,715
TOTAL EXPENSES $146,628

Year-over-Year Comparison

2023 2022 Change
Revenue $320,776 $308,320 +0.0%
Expenses $146,628 $72,912 +1.0%
Net Income $174,148 $235,408 -0.3%
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

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Governance

Voting Members
6
Independent Members
6
Employees
1
Volunteers
120

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
6
$25,000
Total Directors
6
$25,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE MAHONEY EXECUTIVE DI 40.00
Officer Director
$25,000 $0 $25,000
JORDANA ALFORD DIRECTOR 8.00
Officer Director
$0 $0 $0
LYNN COHEN-FRIEDMAN DIRECTOR 8.00
Officer Director
$0 $0 $0
JULIA HAMILTON DIRECTOR 8.00
Officer Director
$0 $0 $0
TIMOTHY MAHONEY TREASURER 3.00
Officer Director
$0 $0 $0
MINDY PECKLER DIRECTOR 8.00
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
2024 No data No data No data No data
2023 $320,776 $146,628 $561,270 $174,148
2022 $308,320 $72,912 $387,122 $235,408
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