HOME OWNERSHIP CENTER AT HOME HEADQUARTE

EIN: 453576376 501(c)(3)

SYRACUSE, NY

Total Revenue
$357,111
Total Expenses
$306,146
Total Assets
$84,799
Net Assets
$84,799
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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
2011
Legal Domicile
NY
Principal Officer
KAREN SCHROEDER
Phone
3154741939
Tax Period
2018-05-01 to 2019-04-30

HOME OWNERSHIP CENTER AT HOME HEADQUARTE, founded in 2011, is a small nonprofit that reported $357K in total revenue in fiscal year 2018. Revenue decreased 19% compared to the prior year. Expenses of $306K left a modest 14% surplus.

Mission

TO PROVIDE HOMEBUYER COUNSELING TO PROSPECTIVE FIRST-TIME HOMEBUYERS IN ORDER TO PREPARE THEM FOR THE BENEFITS, COSTS AND RESPONSIBILITIES OF HOME OWNERSHIP; TO PROVIDE INDIVIDUAL AND GROUP COUNSELING SERVICES TO INCREASE KNOWLEDGE OR PERSONAL FINANCE MANAGEMENT FOR INDIVIDUALS AND FAMILIES SEEKING ASSISTANCE; TO PROVIDE ON-GOING SUPORT SERVICES THROUGH PRE- AND POST- PURCHASE COUNSELING; TO ASSIST INDIVIDUALS AND FAMILIES WHO MAY BE AT RISK FOR FORECLOSURES WITH HOUSING COUNSELING SERVICES; TO DEVELOP AND SUPPORT PROGRAMS THAT PROMOTE RESPONSBILE AND SUSTAINABLE HOME-OWNERSHIP AND THE PUBLIC AND QUASI-PUBLIC OBJECTIVE OF THIS PURPOSE IS TO ASSIST LOW INCOME INDIVIDUALS AND FAMILIES TO PURCHASE AND REMAIN IN THEIR HOMES.

Program Service Accomplishments

Program 1
Expenses: $231,146 Revenue: $357,111

THE HOME OWNERSHIP CENTER AT HOME HEADQUARTERS GRADUATED 655 INDIVIDUALS FROM ITS HOMEOWNERSHIP TRAINING PROGRAM. WE FACILITATED 344 FIRST-TIME HOMEBUYERS WHO PURCHASED THEIR FIRST HOME IN CENTRAL...

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THE HOME OWNERSHIP CENTER AT HOME HEADQUARTERS GRADUATED 655 INDIVIDUALS FROM ITS HOMEOWNERSHIP TRAINING PROGRAM. WE FACILITATED 344 FIRST-TIME HOMEBUYERS WHO PURCHASED THEIR FIRST HOME IN CENTRAL NEW YORK. WE PREVENTED 79 FORECLOSURES AND PROVIDED COUNSELING AND RELATED SERVICES TO 93 INDIVIDUALS FACING FORECLOSURE IN A FIVE COUNTRY REGION.

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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 $357,101
Investment Income $0
Other Revenue $10
TOTAL REVENUE $357,111

Expense Breakdown

Grants Paid $0
Salaries & Benefits $162,149
Fundraising Expenses $0
Program Expenses $231,146
Other Expenses $143,997
TOTAL EXPENSES $306,146

Year-over-Year Comparison

2018 2017 Change
Revenue $357,111 $440,048 -0.2%
Expenses $306,146 $417,178 -0.3%
Net Income $50,965 $22,870 +1.2%
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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Governance

Voting Members
5
Independent Members
4
Employees
5
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
3
$79,757
Total Directors
5
$79,757
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEVON ROBLEE DIRECTOR 1.00
Director
$0 $0 $0
RICKEY BROWN SECRETARY/DIRECTOR 1.00
Officer Director
$0 $0 $0
BEATA KARPINKA-PREHN DIRECTOR 1.00
Director
$0 $0 $0
BARBARA MATTISON TREASURER/DIRECTOR 1.00
Officer Director
$0 $0 $0
KAREN SCHROEDER PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $21,507 $79,757
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 $357,111 $306,146 $84,799 $50,965
2019 No data $84,799 No data No data
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