PURPLE HEART HOMES INC COLORADO FR… - Form 990 Financial Data

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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

2016

Legal Domicile

Principal Officer

DIANA FLEMING

Phone

3035919215

Tax Period

2019-01-01 to 2019-12-31

PURPLE HEART HOMES INC COLORADO FRONT RANGE CHAPTER, founded in 2016, is a small nonprofit that reported $214K in total revenue in fiscal year 2019. Revenue surged 169% from the prior year, signaling strong growth momentum.

Mission

PURPLE HEART HOMES, INC., COLORADO FRONT RANGE CHAPTER IS DEDICATED TO PROVIDING HOUSING FOR SERVICE-CONNECTED DISABLED VETERANS THAT IS SUBSTANTIAL IN FUNCTION, DESIGN, AND QUALITY, FIT TO WELCOME HOME THE FIGHTING MEN AND WOMEN OF AMERICA.

Program Service Accomplishments

Program 1

Expenses: $204,602 Revenue: $0

FIRST ACCOMPLISHMENT:THE HOUSING NEEDS OF APPROVED VETERANS WHICH PURPLE HEART HOMES, INC., COLORADO FRONT RANGE CHAPTER ASSISTS ARE OFTEN TIMES URGENT. THE CHAPTERS'S ABILITY TO ADDRESS THESE NEEDS IN A TIMELY AND EFFECTIVE MANNER DEPENDS HEAVILY ON THE FINANCIAL AND MATERIAL CONTRIBUTIONS OF INDIVIDUAL DONORS, FOUNDATIONS, AND BUSINESSES. WHEN THE URGENT HOUSING NEEDS OF APPROVED VETERANS ARE MET, THE VETERANS' QUALITY OF LIFE IMPROVES AS THEY ARE ABLE TO LIVE IN A SAFE AND ACCESSIBLE HOME.OPERATION VETERAN HOME RENOVATION (OVHR), A CAMPAIGN THAT WORKS IN TANDEM WITH NATIONAL LEAGUE OF CITIES AND CREDIT UNIONS AROUND THE COUNTRY, PROCEEDED WITH ITS THIRD YEAR IN 2019. PURPLE HEART HOMES, INC., COLORADO FRONT RANGE CHAPTER'S MISSION WAS ABLE TO REACH EVEN MORE VETERANS ACROSS THE STATE WITH COORDINATED EFFORTS FROM COMMUNITY PARTNERS. THE OVHR CAMPAIGN SPREAD AWARENESS AND SOLUTIONS TO VETERANS IN REGIONS THAT WERE UNTOUCHED BY THE CHAPTER IN THE PAST.THE CHAPTER'S THREE LARGEST PROJECTS STARTED AND COMPLETED IN 2019:1. THE LARGEST PROJECT WAS FOR A FEMALE VETERAN IN COLORADO SPRINGS, COLORADO. THE PROJECT WAS A JOINT VENTURE WITH TEAM DEPOT. THE PROJECT WAS COMPLETED BY CONTRACTORS, VOLUNTEERS AND CHAPTER BOARD MEMBERS. THE PROJECT INVOLVED INSTALLING A RAMP, NEW WASHER & DRYER, NEW DOORS AND A SECURITY SYSTEM. ALSO A COMPLETE BACKYARD MAKEOVER WAS DONE FOR THE VETERAN TO ENJOY.2. THE SECOND LARGEST PROJECT WAS FOR A FEMALE VETERAN IN COLORADO SPRINGS, COLORADO. THE PROJECT WAS COMPLETED BY CHAPTER MEMBERS AND HEATING AND COOLING CONTRACTORS. THE PROJECT INVOLVED INSTALLING A NEW HEATING AND COOLING SYSTEM AS WELL AS NEW ELECTRIC PANELS TO KEEP THE VETERAN WARM IN THE WINTER AND COOL IN THE SUMMER.3. THE THIRD LARGEST PROJECT WAS FOR A VETERAN IN THORNTON, COLORADO. THIS PROJECT WAS COMPLETED BY CHAPTER MEMBERS AND HOME DEPOT CONTRACTORS. THE PROJECT INVOLVED INSTALLING A HANDICAPPED ACCESSIBLE BATHROOM, NEW FLOORING TO PROVIDE VETERAN BETTER MOBILITY IN HIS WHEELCHAIR, AND INSTALLATION OF SECURITY SYSTEM FOR THE VETERAN'S SAFETY.

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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 (2019)

Revenue Breakdown

Contributions & Grants $206,403

Program Service Revenue $0

Investment Income $0

Other Revenue $8,003

TOTAL REVENUE $214,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $204,602

Other Expenses $209,008

TOTAL EXPENSES $209,008

Year-over-Year Comparison

	2019	2018	Change
Revenue	$214,406	$79,759	+1.7%
Expenses	$209,008	$83,614	+1.5%
Net Income	$5,398	$-3,855	-2.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TYLER LAKE	CONSTRUCTION BOARD MEMBER	10.00	Director	$0	$0	$0
TIFFANY FLEMING	BOARD MEMBER	10.00	Director	$0	$0	$0
DIANA FLEMING	PRESIDENT	10.00	Officer	$0	$0	$0
STEVE LAKE	VICE-PRESIDENT & CONSTRUCTION	10.00	Officer	$0	$0	$0
DAWN OWENS	SECRETARY	10.00	Officer	$0	$0	$0
MONTE FLEMING	TREASURER	10.00	Officer	$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
2019	$214,406	$209,008	$21,402	$5,398

PURPLE HEART HOMES INC COLORADO FRONT RANGE CHAPTER