HOMESTEADS FOR HOPE INC (EIN 462731613) - 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

2013

Legal Domicile

Principal Officer

JENNYRAE BRONGO

Phone

5853523478

Tax Period

2023-01-01 to 2023-12-31

HOMESTEADS FOR HOPE INC, founded in 2013, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $516K, a strong 35% operating margin.

Mission

INCLUSIVE SUPPORT OF INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.TO SUPPORT INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES THROUGH INCLUSIVE AGRICULTURAL OPPORTUNITIES IN NATURES CLASSROOM, OFFERING EDUCATIONAL, VOCATIONAL AND RECREATIONAL PROGRAMS AND SERVICES.

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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 $1,157,624

Program Service Revenue $322,614

Investment Income $7,272

Other Revenue $2,235

TOTAL REVENUE $1,489,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $552,047

Fundraising Expenses $67,877

Program Expenses $652,522

Other Expenses $422,017

TOTAL EXPENSES $974,064

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,489,745	$1,419,073	+0.0%
Expenses	$974,064	$857,076	+0.1%
Net Income	$515,681	$561,997	-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

Employees

Volunteers

215

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

$67,164

Total Directors

$67,164

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNY BRONGO	CEO	40.00	Officer Director	$67,164	$0	$67,164
DEBRA LYNCH	PRESIDENT	20.00	Officer Director	$0	$0	$0
PAUL MONTANERELLO	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BRASE	TREASURER	1.00	Officer Director	$0	$0	$0
JANE MOORE	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE BAUM	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS FLAHERTY	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE WIEST	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE DATRO	DIRECTOR	1.00	Director	$0	$0	$0
CINDY HUUSSEN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL MARTUCCI	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PALERMO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHUCK GANNON	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	$1,489,745	$974,064	$3,518,837	$515,681
2022	$1,419,073	$857,106	$3,048,026	$561,967
2021	$780,857	$504,669	$1,965,669	$276,188
2020	$474,769	$468,770	$1,724,774	$5,999
2019	$574,063	$401,751	$1,800,464	$172,312
2018	$238,223	$227,248	$1,514,899	$10,975

HOMESTEADS FOR HOPE INC