Home of the Sparrow 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

1987

Legal Domicile

Principal Officer

Dean Karamagianis

Phone

8152715444

Tax Period

2024-07-01 to 2025-06-30

Home of the Sparrow Inc, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $8.4M in total revenue in fiscal year 2024.

Mission

To provide hope, opportunity, and support that empowers women and children as they journey from homelessness to self-sufficiency.

Program Service Accomplishments

Program 1

Expenses: $1,208,048

McHenry Transitional Shelter This program provides up to nine months of safe housing for individuals and families. During this time, clients receive intensive case management, build life skills, and work toward goals like securing stable employment and long-term housing. With both dorm-style rooms and Independent Living Units, the shelter adapts to the needs of different family sizes and situations.

Program 2

Expenses: $4,067,339 Revenue: $4,314,053

Sparrows Nest This program has seven resale store locations. Six stores do business under the banner of Sparrows Nest Thrift Store and Donation Centers. The Sparrows Nest stores are located in Cary, McHenry, Mundelein, Palatine, Third Lake and Woodstock. One store does business under the name of Community Threads and is located in Arlington Heights. Inventory for all seven stores is received from donations and sellable inventory is resold in the store and non-sellable inventory is given to recycling companies. Income generated from store sales and recycling provides support for other programs within Home of the Sparrow. The thrift stores are also a zero-cost provider of clothing, furniture and housewares to Home of the Sparrow clients and clients of other partnering agencies in Northern Illinois.

Program 3

Expenses: $507,211 Revenue: $267,349

Affordable Housing Program The Organization owns and manages affordable housing units across McHenry County. Families pay income-based rent 30-50 of the Area Median Income, ensuring stability while building financial independence. Because demand is high, this program has a waitlist that varies depending on family size and housing openings. The application and current income requirements are found on the website.

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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 $3,664,781

Program Service Revenue $267,349

Investment Income $161,963

Other Revenue $4,322,399

TOTAL REVENUE $8,416,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,788,544

Fundraising Expenses $633,284

Program Expenses $7,024,056

Other Expenses $3,544,737

TOTAL EXPENSES $8,333,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,416,492	$8,551,788	0.0%
Expenses	$8,333,281	$7,961,347	+0.0%
Net Income	$83,211	$590,441	-0.9%

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

151

Volunteers

844

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

$131,047

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew Kostecki	Executive Director	040.00	Officer	$120,541	$10,506	$131,047
Bill Koenig	President	004.00	Officer Director	$0	$0	$0
Brian Silver	Director	004.00	Director	$0	$0	$0
Dean Karamagianis	Treasurer	004.00	Officer Director	$0	$0	$0
Barbara Webb	Director	004.00	Director	$0	$0	$0
Peggy DeVorse	Director	004.00	Director	$0	$0	$0
John Eiermann	Director	004.00	Director	$0	$0	$0
Chris Christensen	Secretary	004.00	Officer Director	$0	$0	$0
Johnathan Fox	Director	004.00	Director	$0	$0	$0
Jim Thorpe	Vice President	004.00	Officer Director	$0	$0	$0
Kelli Wegener	Director	004.00	Director	$0	$0	$0
Ann Rosenbaum	Director	004.00	Director	$0	$0	$0
Sarah Crittenden	Director	004.00	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
2025	$8,416,492	$8,333,281	$15,433,269	$83,211
2024	$8,551,788	$7,961,347	$13,972,232	$590,441
2023	$7,995,446	$7,290,450	$14,480,578	$704,996
2022	$7,775,187	$6,438,920	$8,853,100	$1,336,267
2021	$6,938,237	$5,410,176	$8,103,512	$1,528,061
2020	$5,479,495	$5,592,769	$6,712,852	$-113,274