ASSISI HOMES - KENOSHA INC (EIN 391814815) - 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

1994

Legal Domicile

Principal Officer

MARK ANGELINI

Phone

3038303300

Tax Period

2023-01-01 to 2023-12-31

ASSISI HOMES - KENOSHA INC, founded in 1994, is a small nonprofit that reported $526K in total revenue in fiscal year 2023. Net assets of $2.3M represent 52 months of operating reserves.

Mission

ASSISI HOMES - KENOSHA, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED ON NOVEMBER 21, 1994, IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF WISCONSIN. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 60-UNIT COMMUNITY LOCATED IN KENOSHA, WISCONSIN, WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW INCOME ELDERLY OR DISABLED PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE AND CAPITAL ADVANCES FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $285,288

Program Service Revenue $226,183

Investment Income $10,104

Other Revenue $4,919

TOTAL REVENUE $526,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $515,473

Other Expenses $541,359

TOTAL EXPENSES $541,359

Year-over-Year Comparison

	2023	2022	Change
Revenue	$526,494	$515,016	+0.0%
Expenses	$541,359	$531,027	+0.0%
Net Income	$-14,865	$-16,011	-0.1%

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

N/A

Employees

N/A

Volunteers

N/A

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

$1,645,304

Total Directors

$704,745

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE ROSENBLUM	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$10,201	$232,549
KASSIDI BOENING	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$28,633	$172,677
MELISSA CLAYTON	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$33,798	$299,519
BRUCE SAAB	VICE PRESIDENT (UNTIL 10/23)	1.00	Officer	$0	$13,324	$98,303
CHAD PAYNE	TREASURER	1.00	Officer	$0	$8,496	$200,685
FATMAH FARRAJ	VICE PRESIDENT	1.00	Officer	$0	$12,560	$177,119
MARK ANGELINI	PRESIDENT	1.00	Officer	$0	$11,727	$256,820
EDGAR FLAGG III	VICE PRESIDENT	1.00	Officer	$0	$26,276	$207,632

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	No data	No data	No data	No data
2023	$526,494	$541,359	$2,375,706	$-14,865
2022	$515,016	$531,027	$2,391,212	$-16,011
2021	$561,406	$550,760	$2,447,284	$10,646
2020	$497,061	$483,648	$2,370,680	$13,413
2019	$489,154	$484,037	$2,371,136	$5,117
2018	$458,680	$535,164	$2,375,407	$-76,484

ASSISI HOMES - KENOSHA INC