HOMESCASAS ELDERLY HOUSING INC

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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

1983

Legal Domicile

Principal Officer

WILLIAM ARMSTRONG

Phone

4193322678

Tax Period

2019-04-01 to 2020-03-31

HOMESCASAS ELDERLY HOUSING INC, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $479K in total revenue in fiscal year 2019.

Mission

TO PROVIDE SUBSIDIZED HOUSING TO THE ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $444,387 Revenue: $178,114

OWNERSHIP AND OPERATIONS OF AN APARTMENT PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT FOR ELDERLY AND HANDICAPPED PERSONS. RENT CHARGES AND OPERATING METHODS ARE REGULATED BY HUD.

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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 (2019)

Revenue Breakdown

Contributions & Grants $299,626

Program Service Revenue $178,114

Investment Income $1,031

Other Revenue $0

TOTAL REVENUE $478,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,583

Fundraising Expenses $0

Program Expenses $444,387

Other Expenses $443,257

TOTAL EXPENSES $514,840

Year-over-Year Comparison

	2019	2018	Change
Revenue	$478,771	$461,238	+0.0%
Expenses	$514,840	$486,493	+0.1%
Net Income	$-36,069	$-25,255	+0.4%

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
ROBERT KARLOVETZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
PEGGY BLISS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JERRY QUACKENBUSH	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM ARMSTRONG	TREASURER	1.00	Officer Director	$0	$0	$0
ALEX GOROBETZ	BOARD MEMBER	1.00	Director	$0	$0	$0
VIOLETTA THEA	BOARD MEMBER	1.00	Director	$0	$0	$0
VICKIE HUSK	BOARD MEMBER	1.00	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
2020	$478,771	$514,840	No data	$-36,069
2019	$461,238	$486,493	$877,687	$-25,255