SHELTER PROVIDERS OF PHOENIX

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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

2019

Principal Officer

CINDY QUENNEVILLE

Phone

4803595523

Tax Period

2024-01-01 to 2024-12-31

SHELTER PROVIDERS OF PHOENIX, founded in 2019, is a small nonprofit that reported $903K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $266K, a strong 30% operating margin.

Mission

HOMEAID'S VISION IS TO BE A VITAL FORCE IN CREATING SAFE AND DIGNIFIED HOUSING AND PROGRAMMATIC FACILITIES FOR THOSE WHO ARE EXPERIENCING OR AT RISK OF HOMELESSNESS. WE HELP THEM BUILD NEW LIVES THROUGH CONSTRUCTION, COMMUNITY ENGAGEMENT, AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $594,617

IN PARTNERSHIP WITH THE VALLEY'S HOME BUILDING INDUSTRY (BUILDERS,TRADE AND SERVICE PARTNERS, AND THEIR EMPLOYEES) AND COMMUNITY LEADERS- WE SUPPORT AND MAINTAIN HOUSING ALONGSIDE LOCAL NONPROFIT...

IN PARTNERSHIP WITH THE VALLEY'S HOME BUILDING INDUSTRY (BUILDERS,TRADE AND SERVICE PARTNERS, AND THEIR EMPLOYEES) AND COMMUNITY LEADERS- WE SUPPORT AND MAINTAIN HOUSING ALONGSIDE LOCAL NONPROFIT ORGANIZATIONS FOR THOSE EXPERIENCING HOMELESSNESS. WE ALSO HAVE PLANS IN THE FUTURE TO BUILD HOUSING FOR THE HOMELESS POPULATION. BY LEVERAGING OUR RELATIONSHIPS WITHIN THE HOME BUILDING INDUSTRY TO GARNER IN-KIND DONATIONS OF EXPERTISE, LABOR, AND MATERIALS, WE ARE ABLE TO BUILD HIGH QUALITY HOUSING AT A FRACTION OF THE TYPICAL COST. THIS COLLABORATION ALLOWS NONPROFIT ORGANIZATIONS TO REINVEST RESOURCES INTO LIFE-CHANGING PROGRAMS, LIKE FINANCIAL EDUCATION, CAREER TRAINING, PARENTING SKILLS, AND OTHER SOCIO-EMOTIONAL SUPPORT AND COUNSELING THAT HELP MOVE FAMILIES FROM HOMELESSNESS TO STABILITY.

Program 2

COMMUNITY OUTREACH: DURING TIMES OF CRISIS AND TRANSITION, IT CAN BE CHALLENGING FOR INDIVIDUALS AND FAMILIES TO PROVIDE FOR EVEN THEIR MOST BASIC NEEDS. HOMEAID PHOENIX WORKS TO PROVIDE DIGNITY AND RESTORE HOPE THROUGH VARIOUS COMMUNITY OUTREACH PROGRAMS, INCLUDING: HOMEAID ESSENTIALS - THROUGH WORKPLACE DONATION DRIVES AND OTHER EFFORTS, WE COLLECT CLOTHING, BLANKETS, FOOD, AND DIAPERS AND OTHER ESSENTIAL ITEMS. WE THEN PARTNER WITH COMMUNITY ORGANIZATIONS ACROSS THE VALLEY TO ENSURE THESE MUCH NEEDED ITEMS REACH THOSE MOST IN NEED. HOMEAID CAREKITS - BRINGING TOGETHER DONORS AND VOLUNTEERS, WE COLLECT AND ASSEMBLE TRAVEL-SIZE TOILETRY ITEMS INCLUDING SOAP, SHAMPOO, CONDITIONER, TOOTHBRUSHES, TOOTHPASTE, DEODORANT AND MORE. THESE ITEMS ARE THEN THOUGHTFULLY PACKAGED INTO CAREKITS (CONTINUED ON SCHEDULE O)

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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 $948,947

Program Service Revenue $0

Investment Income $101

Other Revenue $-46,242

TOTAL REVENUE $902,806

Expense Breakdown

Grants Paid $426,848

Salaries & Benefits $132,067

Fundraising Expenses $8,541

Program Expenses $594,617

Other Expenses $77,418

TOTAL EXPENSES $636,333

Year-over-Year Comparison

	2024	2023	Change
Revenue	$902,806	$561,413	+0.6%
Expenses	$636,333	$424,383	+0.5%
Net Income	$266,473	$137,030	+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

Volunteers

175

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

$120,923

Total Directors