HOMES OF OPPORTUNITY INC

EIN: 382329011 501(c)(3) Housing & Shelter

GRAND RAPIDS, MI

Total Revenue
$7,041,682
Total Expenses
$7,507,758
Total Assets
$1,211,913
Net Assets
$597,986
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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
1984
Legal Domicile
MI
Principal Officer
ANDRE PIERRE
Phone
6163018000
Tax Period
2018-10-01 to 2019-09-30

HOMES OF OPPORTUNITY INC, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $7.0M in total revenue in fiscal year 2018.

Mission

CARE AND SERVICES FOR THE MENTALLY IMPAIRED, WITH TWENTY-EIGHT GROUP HOMES AS RESIDENCES FOR CLIENTS, AND ONE VOCATIONAL TRAINING WORKSHOP TO ASSIST CLIENTS IN EMPLOYMENT

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,030,020
Investment Income $11,662
Other Revenue $0
TOTAL REVENUE $7,041,682

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,994,141
Fundraising Expenses $0
Program Expenses $6,685,116
Other Expenses $1,513,617
TOTAL EXPENSES $7,507,758

Year-over-Year Comparison

2018 2017 Change
Revenue $7,041,682 $7,286,286 0.0%
Expenses $7,507,758 $7,216,377 +0.0%
Net Income $-466,076 $69,909 -7.7%
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
4
Independent Members
3
Employees
374
Volunteers
3

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
$262,678
Total Directors
4
$262,678
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAWRENCE A MANIACI EXECUTIVE DIRECTOR 40.00
Officer Director
$262,678 $0 $262,678
FRANK LAROCCA SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN ECKSTEIN DIRECTOR 1.00
Director
$0 $0 $0
PATRICK HOULIHAN TREASURER 1.00
Officer 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
2019 $7,041,682 $7,507,758 $1,211,913 $-466,076
2018 $7,286,286 $7,216,377 $1,744,837 $69,909
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