HOMES OF CARE II INC

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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

2006

Legal Domicile

Principal Officer

THOMAS M CONNORS

Phone

9786852151

Tax Period

2024-07-01 to 2025-06-30

HOMES OF CARE II INC, founded in 2006, is a micro nonprofit in the Housing & Shelter sector that reported $45K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Net assets of $305K represent 81 months of operating reserves.

Mission

PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $42,774 Revenue: $44,820

PROVIDED A HOME FOR FOUR (4) DEVELOPMENTALLY DISABLED ADULTS AT 126 LOVEJOY ROAD, ANDOVER, MA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $44,820

Investment Income $31

Other Revenue $0

TOTAL REVENUE $44,851

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,054

Fundraising Expenses $0

Program Expenses $42,774

Other Expenses $42,635

TOTAL EXPENSES $45,689

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,851	$68,704	-0.3%
Expenses	$45,689	$56,800	-0.2%
Net Income	$-838	$11,904	-1.1%

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

Employees

N/A

Volunteers

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

$505,190

Total Directors

$314,592

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS M CONNORS	PRESIDENT & CEO/DIRECTOR	1.00	Officer Director	$0	$24,956	$314,592
JAMES HAJJAR	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER LESSARD	TREASURER	1.00	Officer	$0	$10,943	$190,598

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	$44,851	$45,689	$726,958	$-838
2024	$68,704	$56,800	$728,783	$11,904
2023	$34,724	$59,537	$740,605	$-24,813
2022	$26,484	$57,496	$757,851	$-31,012
2021	$38,460	$52,550	$786,203	$-14,090
2020	$31,410	$68,754	$794,810	$-37,344
2019	$36,458	$51,762	$809,650	$-15,304
2018	$36,062	$50,378	$824,523	$-14,316