Home Means Nevada Inc HMN

EIN: 454412372 501(c)(3) Housing & Shelter

Las Vegas, NV

Total Revenue
$441,087
Total Expenses
$441,624
Total Assets
$170,642
Net Assets
$740
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NV
Principal Officer
Perry Faigin
Phone
7024868180
Tax Period
2023-07-01 to 2024-06-30

Home Means Nevada Inc HMN, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $441K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring.

Mission

Home Means Nevada, Inc. (HMN), a state affiliated nonprofit organization, provides systems, information, and other assistance to address the challenges and needs of distressed homeowners and renters in the State of Nevada. HMN administers the State's Foreclosure Mediation Program, as established with the passage of Senate Bill 490. Senate Bill I, passed during the 32nd Special Session of the Nevada Legislature (2020), implemented a temporary Rental Eviction Mediation Program. On September 29, 2020, the Nevada Supreme Court adopted rules for the Program. On October 14, 2020, HMN was named the Administrator of the program. Assembly Bill 486 passed during the 81st Regular Session of the Nevada Legislature (2021), extended the Rental Eviction Mediation Program, and added a requirement for HMN to create an electronic form for landlord rental assistance program through designated social services agencies. The Rental Eviction Mediation program concluded on December 31, 2022.

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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 $440,118
Program Service Revenue $0
Investment Income $969
Other Revenue $0
TOTAL REVENUE $441,087

Expense Breakdown

Grants Paid $0
Salaries & Benefits $210,896
Fundraising Expenses $0
Program Expenses $376,842
Other Expenses $230,728
TOTAL EXPENSES $441,624

Year-over-Year Comparison

2023 2022 Change
Revenue $441,087 $1,720,464 -0.7%
Expenses $441,624 $1,721,498 -0.7%
Net Income $-537 $-1,034 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
3
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
2
$75,988
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michelle D Crumby Ops Mgr 40.00
Officer
$75,988 $0 $75,988
Perry Faigin President 5.00
Officer Director
$0 $0 $0
Shannon Chambers Member 2.00
Director
$0 $0 $0
John McCormick Member 2.00
Director
$0 $0 $0
Jennifer Yim Member 2.00
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
2025 No data No data No data No data
2024 $441,087 $441,624 $170,642 $-537
2023 $1,720,464 $1,721,498 $34,238 $-1,034
2022 $2,008,130 $2,008,446 $480,495 $-316
2021 $821,666 $821,748 $505,429 $-82
2020 $454,993 $454,918 $108,233 $75
2019 $528,724 $665,646 $135,535 $-136,922
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