HOME REPAIR SERVICES OF KENT COUNT… - 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

1979

Legal Domicile

Principal Officer

JOEL RUITER

Phone

6162412601

Tax Period

2023-07-01 to 2024-06-30

HOME REPAIR SERVICES OF KENT COUNTY INC, founded in 1979, is a community nonprofit in the Housing & Shelter sector that reported $4.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

HOME REPAIR SERVICES, A NON-PROFIT ORGANIZATION, STRENGTHENS HOMEOWNERS THROUGH MAKING CRITICAL REPAIRS, SKILL-BUILDING WORKSHOPS, REMODELING COACHING, HOME INSPECTIONS, AND FINANCIAL AND FORECLOSURE COUNSELING.

Program Service Accomplishments

Program 1

Expenses: $2,526,968 Revenue: $2,136,757

REPAIR AND ACCESSIBILITY - THE HOME REPAIR SERVICES REPAIR TEAM COMPLETED 1,990 HEALTH AND SAFETY REPAIRS FOR VULNERABLE KENT COUNTY HOMEOWNERS. REPAIRS INCLUDED: 347 FURNACE REPAIR/REPLACEMENTS, 131 ROOF REPAIRS, 124 WATER HEATERS, 86 MAIN DRAIN CLEAN OUTS, 628 PLUMBING CALLS, & 205 ELECTRICAL CALLS. THE TEAM ALSO CONSTRUCTED 20 WHEELCHAIR ACCESS RAMPS AND MODIFIED 38 BATHROOMS FOR HOMEOWNERS WITH REDUCED MOBILITY DUE TO PHYSICAL DISABILITIES.

Program 2

Expenses: $327,973 Revenue: $53,876

SELF-HELP HOME IMPROVEMENTS - WITH THE GOAL OF STIMULATING SELF-DIRECTED HOME IMPROVEMENTS AND REPAIRS, HOME REPAIR SERVICES' INSTRUCTORS TAUGHT 76 HOME MAINTENANCE WORKSHOPS TO 1,825 STUDENTS. THE HANDS-ON REPAIR WORKSHOPS EQUIPPED HOMEOWNERS TO COMPLETE DO-IT-YOURSELF PROJECTS IN THEIR HOMES. A TOTAL OF 19 HOMEOWNERS SUCCESSFULLY COMPLETED A DIY REMODEL OF THEIR KITCHEN THROUGH THE SUPPORT OF THE HOME REPAIR SERVICES' REMODELING TOGETHER PROGRAM. A TOTAL OF 33 FREE HOME INSPECTIONS AND ASSESSMENT REPORTS WERE COMPLETED.

Program 3

Expenses: $217,518 Revenue: $80,718

HOUSING COUNSELING & EDUCATION - THE PRIMARY FOCUS OF THIS PROGRAM CONTINUES TO BE FORECLOSURE PREVENTION, BUT FINANCIAL LITERACY WORKSHOPS CONTINUE TO GROW AS WELL. HOUSING COUNSELORS CONDUCTED 45 ONE-ON-ONE COACHING SESSIONS AND ASSISTED 28 HOUSEHOLDS TO SUCCESSFULLY APPLY FOR MIHAF RESCUE FUNDS. THE FINANCIAL LITERACY WORKSHOPS' TOPICS INCLUDED: DEBT REDUCTION, SPENDING PLAN, CONSUMER PROTECTION, IMPROVING CREDIT, UNDERSTANDING INSURANCE, AVOIDING SCAMS, REVERSE MORTGAGES, AVOIDING IDENTITY THEFT, AND COST REALITIES OF AGING IN PLACE. TOTAL ATTENDANCE FOR THE YEAR WAS 377 STUDENTS.

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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 $2,781,935

Program Service Revenue $1,237,170

Investment Income $46,717

Other Revenue $14,033

TOTAL REVENUE $4,079,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,788,990

Fundraising Expenses $289,352

Program Expenses $3,119,225

Other Expenses $2,258,957

TOTAL EXPENSES $4,047,947

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,079,855	$3,758,862	+0.1%
Expenses	$4,047,947	$3,669,068	+0.1%
Net Income	$31,908	$89,794	-0.6%

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

220

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

$141,123

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM HOMAN	CHAIR	1.00	Officer Director	$0	$0	$0
ELZIE HONICUTT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LAURA KELSO	SECRETARY	1.00	Officer Director	$0	$0	$0
DANA O'LAUGHLIN	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES JUDGE	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN VANDERVEEN	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE SWART	DIRECTOR	1.00	Director	$0	$0	$0
CARINA MARQUEZ-VANDERMEER	DIRECTOR	1.00	Director	$0	$0	$0
GREG RIOS	DIRECTOR	1.00	Director	$0	$0	$0
BEV BOERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN VAN THOLEN	DIRECTOR	1.00	Director	$0	$0	$0
JIM PATTON	DIRECTOR	1.00	Director	$0	$0	$0
MADELINE SCHAAB	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE MORANT	DIRECTOR	1.00	Director	$0	$0	$0
JOEL RUITER	EXECUTIVE DI	40.00	Officer	$112,175	$28,948	$141,123

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	No data	No data	No data	No data
2024	$4,079,855	$4,047,947	$2,907,854	$31,908
2023	$3,758,862	$3,669,068	$2,735,689	$89,794
2022	$3,569,625	$3,619,450	$2,680,444	$-49,825
2021	$3,292,251	$3,138,531	$2,849,278	$153,720
2020	$2,623,928	$2,650,522	$2,708,014	$-26,594
2019	$2,563,120	$2,648,776	$2,579,703	$-85,656
2018	$2,622,985	$3,002,138	$3,023,536	$-379,153

HOME REPAIR SERVICES OF KENT COUNTY INC