HOMES FOR YOUTH INC

EIN: 471768022 501(c)(3) Human Services

Flat Rock, NC

Total Revenue
$45,529
Total Expenses
$80,709
Total Assets
$766,610
Net Assets
$529,530
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NC
Principal Officer
Richard Kauffold
Phone
8282421026
Tax Period
2025-01-01 to 2025-12-31

HOMES FOR YOUTH INC, founded in 2014, is a micro nonprofit in the Human Services sector that reported $46K in total revenue in fiscal year 2025. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $81K exceeded revenue, resulting in a 77% operating deficit.

Mission

Homes for Youth Inc.'s mission is to provide licensed foster homes serving children referred by the Henderson County Department of Social Services. The organization's primary goal is to maintain foster homes for sibling groups and to support the foster parents overseeing the children.

Program Service Accomplishments

Program 1
Expenses: $80,709

Provided two homes for up to 10 children at a time overseen by professional foster parents, who were trained, licensed, and paid by partner Crossnore Communities or Children as part of the Bridging...

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Provided two homes for up to 10 children at a time overseen by professional foster parents, who were trained, licensed, and paid by partner Crossnore Communities or Children as part of the Bridging Families program. Both Homes for Youth houses provide living spaces, bedrooms, and kitchen/dining facilities for two foster parents and up to 5 children. Homes for Youth provided maintenance and repair coverage for the houses, and supported other needs of the foster parents and children as they arose. Crossnore and Homes for Youth were able to serve a total of 12 children from 4 families in 2025, and 5 of those children were reunified with their families in the 2025 calendar year.

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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 (2025)

Revenue Breakdown

Contributions & Grants $26,496
Program Service Revenue $0
Investment Income $3,533
Other Revenue $15,500
TOTAL REVENUE $45,529

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $80,709
Other Expenses $80,709
TOTAL EXPENSES $80,709

Year-over-Year Comparison

2025 2024 Change
Revenue $45,529 $108,322 -0.6%
Expenses $80,709 $50,294 +0.6%
Net Income $-35,180 $58,028 -1.6%
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
7
Independent Members
7
Employees
N/A
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
4
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Judi Moolten President 4.00
Officer
$0 $0 $0
Thomas Clyde Vice President 6.00
Officer
$0 $0 $0
Andrea Garber Secretary 3.00
Officer
$0 $0 $0
Richard Kauffold Treasurer 6.00
Officer
$0 $0 $0
Kelly Burgin Board Member 1.00
Director
$0 $0 $0
James Rudd Board Member 1.00
Director
$0 $0 $0
Tyler Sams Board Member 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
2025 $45,529 $80,709 $766,610 $-35,180
2024 $108,322 $50,294 $808,611 $58,028
2023 $312,474 $32,409 $756,867 $280,065
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