HOMES FOR LAUREL II INC C/O HOMES … - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

DANA JOHNSON

Phone

4102691222

Tax Period

2024-04-01 to 2025-03-31

HOMES FOR LAUREL II INC C/O HOMES FOR AMERICA INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $167K in total revenue in fiscal year 2024. Expenses of $218K exceeded revenue, resulting in a 30% operating deficit.

Mission

ENTITY WAS FORMED FOR THE PURPOSE OF RENTING AND MAINTAINING INDEPENDENT LIVING AFFORDABLE, SAFE AND SOUND HOUSING ENHANCED WITH SERVICES TO SENIOR CITIZENS OF LOW AND MODERATE INCOME.

Program Service Accomplishments

Program 1

Expenses: $197,116 Revenue: $167,068

20 UNITS OF HOUSING SERVING SENIOR CITIZENS UNDER SECTION 202 OF THEFEDERAL HOUSING ACT OF 1959. SERVICES, IN ADDITION TO HOUSING,INCLUDE MONTHLY CONTINENTAL BREAKFAST, PARTNERSHIP WITHSALVATION ARMY TO PROVIDE FREE WEEKDAY MEALS INCLUDINGTRANSPORTATION, MEALS ON WHEELS, MONTHLY DELAWARE FOOD BANKDONATIONS, ON-SITE BUS STOP, COMPUTER LAB, MONTHLY ON-SITE MOBILEHEALTH UNIT FOR VACCINATIONS AND WELLNESS CHECKS, WELLNESSEDUCATION OPPORTUNITIES, LENDING LIBRARY, AND ENERGY ASSISTANCE. AVARIETY OF SOCIAL PROGRAMS ARE ALSO PROVIDED, WHICH INCLUDE BINGO,ARTS AND CRAFTS, SEASONAL LUNCHEONS, BRUNCHES, AND COOKOUTS,AND WEEKDAY TRANSPORTATION TO THE LAUREL SENIOR CENTER. REGULARRESIDENT MEETINGS TO HELP MONITOR ACTIVITIES AND SERVICES ARE HELD.

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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 $167,068

Investment Income $342

Other Revenue $0

TOTAL REVENUE $167,410

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $197,116

Other Expenses $218,061

TOTAL EXPENSES $218,061

Year-over-Year Comparison

	2024	2023	Change
Revenue	$167,410	$169,735	0.0%
Expenses	$218,061	$209,239	+0.0%
Net Income	$-50,651	$-39,504	+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

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

$287,750

Total Directors

$384,605

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY WALLICK	DIRECTOR	0.25	Director	$0	$21,093	$96,855
DANA JOHNSON	VICE PRESIDENT & DIRECTOR	0.25	Officer Director	$0	$34,506	$287,750
ERIC BROWN	DIRECTOR	0.25	Director	$0	$0	$0
JEFFREY R STERN	DIRECTOR	0.25	Director	$0	$0	$0
KATHY EBNER	DIRECTOR	0.25	Director	$0	$0	$0
LISA J YAFFE	SECRETARY/TREASURER & DIRECTOR	0.25	Officer Director	$0	$0	$0
NANCY S RASE	PRESIDENT & DIRECTOR	0.25	Officer Director	$0	$0	$0
PATRICK SHERIDAN	DIRECTOR	0.25	Director	$0	$0	$0
SUSAN FRANK	DIRECTOR	0.25	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	$167,410	$218,061	$1,304,018	$-50,651
2024	$169,735	$209,239	$1,350,195	$-39,504
2023	$169,653	$217,032	$1,395,644	$-47,379
2022	$168,331	$216,446	$1,443,379	$-48,115
2021	$157,196	$187,092	$1,486,380	$-29,896
2020	$149,390	$177,635	$1,514,518	$-28,245
2019	$144,449	$179,576	$1,546,847	$-35,127
2018	$139,743	$181,150	$1,586,555	$-41,407

HOMES FOR LAUREL II INC C/O HOMES FOR AMERICA INC