HERITAGE HOMES INC (EIN 382128564) - 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

1971

Legal Domicile

Principal Officer

DAWN NOORDIJK

Phone

6163959311

Tax Period

2023-10-01 to 2024-09-30

HERITAGE HOMES INC, founded in 1971, is a community nonprofit in the Human Services sector that reported $4.6M in total revenue in fiscal year 2023.

Mission

PROVIDE AFFORDABLE AND DECENT HOUSING AND SUPPORTS FOR PERSONS AND FAMILIES IN NEED.

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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 $4,209,737

Program Service Revenue $329,026

Investment Income $46,969

Other Revenue $0

TOTAL REVENUE $4,585,732

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,552,162

Fundraising Expenses $18,690

Program Expenses $3,749,492

Other Expenses $898,266

TOTAL EXPENSES $4,450,428

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,585,732	$4,575,935	+0.0%
Expenses	$4,450,428	$4,315,406	+0.0%
Net Income	$135,304	$260,529	-0.5%

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

132

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

$191,384

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE RAAK	TRUSTEE	0.10	Director	$0	$0	$0
ADAM ZUWERINK	TRUSTEE	0.35	Director	$0	$0	$0
STACY CROWDER	TRUSTEE	0.35	Director	$0	$0	$0
GREGORY ACCARDO	PRESIDENT	0.35	Officer Director	$0	$0	$0
JESSE PRINS	TREASURER/SECRETARY	0.35	Officer Director	$0	$0	$0
DAWN NOORDIJK	EXECUTIVE DIRECTOR	47.00	Officer	$85,752	$26,601	$112,353
CARRIE VANDERVEEN	FINANCE DIRECTOR	45.00	Officer	$68,131	$10,900	$79,031

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	$4,585,732	$4,450,428	$3,850,159	$135,304
2023	$4,575,935	$4,315,406	$3,450,712	$260,529
2022	$3,936,868	$3,882,996	$3,291,987	$53,872
2021	$3,761,739	$3,155,969	$3,250,379	$605,770
2020	$2,661,265	$2,985,041	$3,202,333	$-323,776
2019	$3,120,116	$3,114,759	$3,011,675	$5,357
2018	$3,758,450	$3,507,362	$3,027,031	$251,088

HERITAGE HOMES INC