HOME SHARE

EIN: 411769102 501(c)(3) Human Services

SAINT PAUL, MN

Total Revenue
$99,538
Total Expenses
$259,482
Total Assets
$910,508
Net Assets
$446,730
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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
MN
Principal Officer
RITA WIERSMA
Phone
6123624400
Tax Period
2023-01-01 to 2023-12-31

HOME SHARE, founded in 1994, is a micro nonprofit in the Human Services sector that reported $100K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $259K exceeded revenue, resulting in a 161% operating deficit.

Mission

TO PROVIDE HOUSING FOR PEOPLE WITH DISABILITIES AND MENTAL HEALTH ISSUES.

Program Service Accomplishments

Program 1
Expenses: $223,054 Revenue: $99,321

SEVEN RESIDENTIAL HOMES THAT PROVIDE HOUSING TO PEOPLE WITH MEDICALLY DIAGNOSED ILLNESSES AND THAT ARE EXTREMELY LOW-INCOME. EACH PERSON RENTS A PRIVATE BEDROOM AND SHARES COMMON LIVING SPACE SUCH AS...

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SEVEN RESIDENTIAL HOMES THAT PROVIDE HOUSING TO PEOPLE WITH MEDICALLY DIAGNOSED ILLNESSES AND THAT ARE EXTREMELY LOW-INCOME. EACH PERSON RENTS A PRIVATE BEDROOM AND SHARES COMMON LIVING SPACE SUCH AS A KITCHEN, DINING ROOM, AND BATHROOMS. VARIOUS SUPPORT SERVICES ARE AVAILABLE FOR INDIVIDUALS TO CHOOSE FROM TO HELP THEM LIVE INDEPENDENTLY, PARTICIPATE IN THE COMMUNITY, AND LIVE THEIR GREATEST LIVES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $99,321
Investment Income $217
Other Revenue $0
TOTAL REVENUE $99,538

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $223,054
Other Expenses $259,482
TOTAL EXPENSES $259,482

Year-over-Year Comparison

2023 2022 Change
Revenue $99,538 $117,962 -0.2%
Expenses $259,482 $178,688 +0.5%
Net Income $-159,944 $-60,726 +1.6%
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

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Governance

Voting Members
6
Independent Members
4
Employees
N/A
Volunteers
4

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
$428,949
Total Directors
6
$428,949
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RITA WIERSMA PRESIDENT, CHIEF EXECUTIVE OFFICER 1.00
Officer Director
$0 $8,191 $257,327
ROBERT PICKERING SECRETARY & TREASURER 1.00
Officer Director
$0 $26,916 $171,622
NATHAN NELSON CHAIR 1.00
Officer Director
$0 $0 $0
JONATHON SONDERGAARD DIRECTOR 1.00
Director
$0 $0 $0
JOCELYN KORTAN DIRECTOR 1.00
Director
$0 $0 $0
AMBER LINDEMAN DIRECTOR 1.00
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
2024 No data No data No data No data
2023 $99,538 $259,482 $910,508 $-159,944
2022 $117,962 $178,688 $952,926 $-60,726
2021 $90,887 $194,090 $1,075,099 $-103,203
2020 $100,303 $186,398 $1,057,241 $-86,095
2019 $104,558 $143,392 $1,145,462 $-38,834
2018 $122,437 $155,318 $1,157,691 $-32,881
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