SILVER FLOWER HOMES INC

EIN: 383870850 501(c)(3) Housing & Shelter

ROCKVILLE, MD

Total Revenue
$61,352
Total Expenses
$168,399
Total Assets
$1,016,884
Net Assets
$-349,981
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
MD
Principal Officer
SUSANNE SINCLAIR-SMITH
Phone
3012170314
Tax Period
2021-07-01 to 2022-06-30

SILVER FLOWER HOMES INC, founded in 2012, is a micro nonprofit in the Housing & Shelter sector that reported $61K in total revenue in fiscal year 2021. Revenue decreased 13% compared to the prior year. Expenses of $168K exceeded revenue, resulting in a 174% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO DISABLED PERSONS UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT.

Program Service Accomplishments

Program 1
Expenses: $114,305 Revenue: $13,245

SILVER FLOWER HOMES, INC. WAS ORGANIZED IN JANUARY 2012 UNDER THE PROVISIONS OF THE STATE OF MARYLAND FOR THE PURPOSE OF CONSTRUCTING AND OPERATING HOUSING AND RELATED FACILITIES FOR PERSONS WITH...

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SILVER FLOWER HOMES, INC. WAS ORGANIZED IN JANUARY 2012 UNDER THE PROVISIONS OF THE STATE OF MARYLAND FOR THE PURPOSE OF CONSTRUCTING AND OPERATING HOUSING AND RELATED FACILITIES FOR PERSONS WITH DISABILITIES. THE ENTITY WAS FINANCED THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT AND CONSISTS OF 7 UNITS. SUCH ENTITIES ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $48,085
Program Service Revenue $13,245
Investment Income $22
Other Revenue $0
TOTAL REVENUE $61,352

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $114,305
Other Expenses $168,399
TOTAL EXPENSES $168,399

Year-over-Year Comparison

2021 2020 Change
Revenue $61,352 $70,764 -0.1%
Expenses $168,399 $131,413 +0.3%
Net Income $-107,047 $-60,649 +0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
5

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
$180,987
Total Directors
5
$180,987
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSANNE SINCLAIR-SMITH PRESIDENT 0.50
Officer Director
$169,245 $11,742 $180,987
DICK PETTIT VICE PRESIDENT 0.30
Officer Director
$0 $0 $0
JIM FERRIS TREASURER 0.30
Officer Director
$0 $0 $0
LISA BENJAMIN DIRECTOR 0.30
Director
$0 $0 $0
TROY SWANDA DIRECTOR 0.30
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
2023 No data No data No data No data
2022 $61,352 $168,399 $1,016,884 $-107,047
2021 $70,764 $131,413 $1,021,026 $-60,649
2020 $70,786 $97,672 $1,042,878 $-26,886
2019 $66,050 $93,360 $1,038,443 $-27,310
2018 $58,276 $93,337 $1,062,559 $-35,061
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