PROJECT HOUSEWORKS

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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

1995

Legal Domicile

Principal Officer

JIM CLEMENTS

Phone

4029659201

Tax Period

2024-01-01 to 2024-12-31

PROJECT HOUSEWORKS, founded in 1995, is a community nonprofit in the Human Services sector that reported $6.9M in total revenue in fiscal year 2024. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 53% operating margin.

Mission

ENHANCES LIVES AND STRENGTHENS COMMUNITIES THROUGH THE PRESERVATION OF QUALITY AFFORDABLE HOUSING.

Program Service Accomplishments

Program 1

Expenses: $2,177,732 Revenue: $60,000

PROVIDE FREE HOME REPAIRS TO LOW-INCOME HOMEOWNERS, WITH A FOCUS ON OLDER ADULTS LIVING IN UNSAFE OR UNHEALTHY HOUSING CONDITIONS. THE PROGRAM ADDRESSES CRITICAL HEALTH AND SAFETY NEEDS THROUGH...

PROVIDE FREE HOME REPAIRS TO LOW-INCOME HOMEOWNERS, WITH A FOCUS ON OLDER ADULTS LIVING IN UNSAFE OR UNHEALTHY HOUSING CONDITIONS. THE PROGRAM ADDRESSES CRITICAL HEALTH AND SAFETY NEEDS THROUGH REPAIRS SUCH AS PLUMBING AND ELECTRICAL WORK, ROOF REPAIR AND REPLACEMENT, AND ACCESSIBILITY MODIFICATIONSINCLUDING GRAB BAR, RAMP, AND RAILING INSTALLATIONS. EACH PROJECT BEGINS WITH A HOME AND SAFETY INSPECTION. REPAIRS ARE COMPLETED BY A COMBINATION OF STAFF AND LICENSED SUBCONTRACTORS.

Program 2

Expenses: $516,276 Revenue: $1,548,323

HELP LOW- AND MODERATE-INCOME INDIVIDUALS AND FAMILIES ACHIEVE THE DREAM OF HOMEOWNERSHIP BY PURCHASING, REHABILITATING, AND RESELLING SINGLE-FAMILY HOMES. QUALIFIED BUYERS RECEIVE DOWN PAYMENT AND MORTGAGE ASSISTANCE, SUPPORTED IN PART BY GOVERNMENT FUNDING. ALL HOMES ARE SOLD WITH LONG-TERM AFFORDABILITY RESTRICTIONS TO PRESERVE ACCESS FOR FUTURE INCOME-QUALIFIED HOUSEHOLDS.

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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 $6,880,070

Program Service Revenue $60,000

Investment Income $-8,994

Other Revenue $778

TOTAL REVENUE $6,931,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $960,213

Fundraising Expenses $167,342

Program Expenses $2,694,008

Other Expenses $2,286,268

TOTAL EXPENSES $3,246,481

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,931,854	$3,404,252	+1.0%
Expenses	$3,246,481	$2,549,823	+0.3%
Net Income	$3,685,373	$854,429	+3.3%

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

456

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

$180,945

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM CLEMENTS	EXECUTIVE DIRECTOR	40.00	Officer	$168,259	$12,686	$180,945
DAWN DEGEORGE	PRESIDENT	1.20	Officer Director	$0	$0	$0
NANCY STESSMAN	VICE PRESIDENT	1.20	Officer Director	$0	$0	$0
KELLI CAVEY	SECRETARY	1.20	Officer Director	$0	$0	$0
ZACH REINHARDT	TREASURER	1.20	Officer Director	$0	$0	$0
DENNIS ROSS	DIRECTOR	0.30	Director	$0	$0	$0
VICTOR BAEZ	DIRECTOR	0.30	Director	$0	$0	$0
LEIGH CAMPBELL JOYCE	DIRECTOR	0.30	Director	$0	$0	$0
MICHAEL CHAPMAN	DIRECTOR	0.30	Director	$0	$0	$0
ERIC CRAWFORD	DIRECTOR	0.30	Director	$0	$0	$0
ROD HILL	DIRECTOR	0.30	Director	$0	$0	$0
JAKE HOLDENRIED	DIRECTOR	0.30	Director	$0	$0	$0
BRAD JONES	DIRECTOR	0.30	Director	$0	$0	$0
DAVIELLE PHILLIPS	DIRECTOR	0.30	Director	$0	$0	$0
KELLY SOUDER	DIRECTOR	0.30	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	$6,931,854	$3,246,481	$6,979,027	$3,685,373
2023	$3,404,252	$2,549,823	$3,287,515	$854,429
2022	$2,713,222	$2,264,447	$2,568,172	$448,775
2021	$1,972,821	$1,790,810	$2,274,685	$182,011
2020	$1,978,631	$1,786,795	$1,036,014	$191,836
2019	$1,314,770	$1,237,308	$806,846	$77,462