HOMES OF PROMISE INC (EIN 464484696) - 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

RAY ADAMYK

Phone

9092257880

Tax Period

2022-01-01 to 2022-12-31

HOMES OF PROMISE INC, founded in 2013, is a small nonprofit in the Mental Health sector that reported $481K in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $558K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE SOCIAL SERVICES AND TO PROVIDE THOSE WHO ARE BROKEN WITH A SAFE ENVIRONMENT OF LOVE, GRACE, SUPPORT AND ACCOUNTABILITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $155,322

Program Service Revenue $325,211

Investment Income $0

Other Revenue $650

TOTAL REVENUE $481,183

Expense Breakdown

Grants Paid $68,298

Salaries & Benefits $74,752

Fundraising Expenses $0

Program Expenses $508,490

Other Expenses $414,861

TOTAL EXPENSES $557,911

Year-over-Year Comparison

	2022	2021	Change
Revenue	$481,183	$748,923	-0.4%
Expenses	$557,911	$854,382	-0.3%
Net Income	$-76,728	$-105,459	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAY ADAMYK	CHAIRMAN/CEO & CFO	3.00	Officer Director	$0	$0	$0
DAVE HOFF	TREASURER	3.00	Officer Director	$0	$0	$0
JOSEPH GRAEVE - UNTIL 82122	SECRETARY	3.00	Director	$0	$0	$0
SAL PEREZ	DIRECTOR	3.00	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
2022	$481,183	$557,911	$13,641	$-76,728
2021	$748,923	$854,382	$73,298	$-105,459
2020	$681,646	$719,242	$42,700	$-37,596
2019	$712,769	$349,499	$28,666	$363,270
2018	$239,138	$343,185	$35,315	$-104,047

HOMES OF PROMISE INC