THE HOMESTEAD PLACE 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

1994

Legal Domicile

Principal Officer

LAURA MONTGOMERY

Phone

4197561717

Tax Period

2024-01-01 to 2024-12-31

THE HOMESTEAD PLACE INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $131K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $190K exceeded revenue, resulting in a 45% operating deficit.

Mission

TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS. AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

Program Service Accomplishments

Program 1

Expenses: $138,334 Revenue: $130,749

PROVIDE HUD SUBSIDIZED HOUSING FOR LOW INCOME INDIVIDUALS WITH 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $130,334

Investment Income $243

Other Revenue $415

TOTAL REVENUE $130,992

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,885

Fundraising Expenses $0

Program Expenses $138,334

Other Expenses $183,025

TOTAL EXPENSES $189,910

Year-over-Year Comparison

	2024	2023	Change
Revenue	$130,992	$155,306	-0.2%
Expenses	$189,910	$203,455	-0.1%
Net Income	$-58,918	$-48,149	+0.2%

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
LAURA MONTGOMERY	CEO	1.00	Officer Director	$0	$0	$0
JEROD THEM	CHAIR PERSON	1.00	Officer Director	$0	$0	$0
TRENA JACOBS	SECRETARY	1.00	Officer Director	$0	$0	$0
LISA WINTERSTELLER	RECORDER	1.00	Officer Director	$0	$0	$0
DANIEL BLUE	ADMINISTRATOR	1.00	Director	$0	$0	$0
DIANNA STEURER	ADMINISTRATOR	1.00	Director	$0	$0	$0
NICOLE KIMBLE	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI ROWLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY BLANKENSHIP	BOARD MEMBER	1.00	Director	$0	$0	$0
DUANA PATTON	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURIE HAMRICK	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
2024	$130,992	$189,910	$646,898	$-58,918
2023	$155,306	$203,455	$690,387	$-48,149
2022	$142,189	$221,128	$710,124	$-78,939
2021	$147,502	$223,579	$775,871	$-76,077
2020	$146,598	$230,671	$866,850	$-84,073
2019	$150,503	$222,588	$1,004,681	$-72,085
2018	$156,783	$204,769	$1,031,472	$-47,986