HOUSING OPPORTUNITIES AND MAINTENANCE FOR THE ELDERLY INC (EIN 363172591) - 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

1982

Legal Domicile

Principal Officer

GAIL SCHECHTER

Phone

7739213200

Tax Period

2023-10-01 to 2024-09-30

HOUSING OPPORTUNITIES AND MAINTENANCE FOR THE ELDERLY INC, founded in 1982, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $482K, a strong 17% operating margin.

Mission

H.O.M.E. HELPS CHICAGO'S LOW-INCOME OLDER ADULTS TO LIVE INDEPENDENT AND SOCIALLY ENGAGED LIVES BY PROVIDING INTERGENERATIONAL HOUSING, HOME REPAIR SERVICES, A SHOPPING BUS, MOVING ASSISTANCE, AND CARING VOLUNTEERS.

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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 $2,151,159

Program Service Revenue $659,083

Investment Income $92,489

Other Revenue $-13,859

TOTAL REVENUE $2,888,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,214,174

Fundraising Expenses $270,849

Program Expenses $1,865,337

Other Expenses $1,174,361

TOTAL EXPENSES $2,407,088

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,888,872	$2,286,724	+0.3%
Expenses	$2,407,088	$2,345,772	+0.0%
Net Income	$481,784	$-59,048	-9.2%

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

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

$114,108

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAMYA RAMANATH	DIRECTOR	1.00	Director	$0	$0	$0
CELESTE KING	DIRECTOR	1.00	Director	$0	$0	$0
BRAD WINICK	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
JOEL RICE	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR OVERSTREET	SECRETARY	1.00	Officer Director	$0	$0	$0
SEYMOUR TURNER	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE YEDINAK	DIRECTOR	1.00	Director	$0	$0	$0
SHREYAS SHAH	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTIAN HARRIS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRITTA LARSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
CARL WAHLSTOM	DIRECTOR	1.00	Director	$0	$0	$0
PHILISTER LUKACEVIC	DIRECTOR	1.00	Director	$0	$0	$0
BRITTANY WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
LORI BETH IRVIN	DIRECTOR	1.00	Director	$0	$0	$0
GAIL SCHECHTER	EXECUTIVE DIRECTOR	40.00	Officer	$103,315	$10,793	$114,108

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	$2,888,872	$2,407,088	$7,428,464	$481,784
2023	$2,286,724	$2,345,772	$6,489,511	$-59,048
2022	$2,312,784	$2,273,090	$6,131,622	$39,694
2021	$2,600,271	$2,357,450	$6,919,877	$242,821
2020	$2,253,735	$2,251,866	$6,347,763	$1,869
2019	$2,285,531	$2,108,558	$6,058,180	$176,973
2018	$2,023,905	$2,080,461	$5,932,568	$-56,556

HOUSING OPPORTUNITIES AND MAINTENANCE FOR THE ELDERLY INC