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

EIN: 364569310 501(c)(3) Housing & Shelter

ANNAPOLIS, MD

Total Revenue
$167,410
Total Expenses
$218,061
Total Assets
$1,304,018
Net Assets
$-588,264
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MD
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 WITH SERVICES TO SENIOR CITIZENS OF LOW AND MODERATE INCOME.

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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%)

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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

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Governance

Voting Members
9
Independent Members
7
Employees
N/A
Volunteers
7

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
3
$287,750
Total Directors
9
$384,605
Key Employees
0
$0
Highest Compensated
0
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
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