TENANTS TO HOMEOWNERS INC

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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

1992

Legal Domicile

Principal Officer

REBECCA BUFORD

Phone

7858425494

Tax Period

2024-01-01 to 2024-12-31

TENANTS TO HOMEOWNERS INC, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 48% operating margin.

Mission

TO BUILD STABILITY FOR FAMILIES AND COMMUNITY THROUGH AFFORDABLE HOUSING.

Program Service Accomplishments

Program 1

Expenses: $1,449,200 Revenue: $902,482

TENANTS TO HOMEOWNERS, INC. DEVELOPS OR ACQUIRES PROPERTY FOR THE PURPOSE OF REHABILITATING, RENTING OR SELLING HOMES IN TRUST TO LOW AND MODERATE- INCOME RESIDENTS IN THE LAWRENCE COMMUNITY. DURING 2024 TTH MANAGED 140 RENTAL UNITS FOR LOW-INCOME RESIDENTS. TTH STEWARDED REAL ESTATE TRANSACTIONS, MAKING 14 NEW FAMILIES HOMEOWNERS AND ADDED 10 NEW HOMES TO THE TRUST FOR A TOTAL OF 114 PERMANENTLY AFFORDABLE HOMEOWNERSHIP UNITS.

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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 $2,987,827

Program Service Revenue $902,482

Investment Income $5,583

Other Revenue $-428,624

TOTAL REVENUE $3,467,268

Expense Breakdown

Grants Paid $129,178

Salaries & Benefits $702,724

Fundraising Expenses $9,063

Program Expenses $1,449,200

Other Expenses $982,131

TOTAL EXPENSES $1,814,033

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,467,268	$1,686,618	+1.1%
Expenses	$1,814,033	$1,924,443	-0.1%
Net Income	$1,653,235	$-237,825	-8.0%

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

$105,986

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY ZELLER	PRESIDENT	2.00	Officer Director	$0	$0	$0
EMILY BLEVINS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CHELSEA FARMER	TREASURER	2.00	Officer Director	$0	$0	$0
SUZANNE KERICH	SECRETARY	2.00	Officer Director	$0	$0	$0
MIKE MYERS	DIRECTOR	1.00	Director	$0	$0	$0
MARIE ALICE L'HEUREUX	DIRECTOR	1.00	Director	$0	$0	$0
CHAD KRAUSE	DIRECTOR	1.00	Director	$0	$0	$0
ERIN MAIGAARD	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA WINN	DIRECTOR	1.00	Director	$0	$0	$0
KIM BARBEE	DIRECTOR	1.00	Director	$0	$0	$0
EMILY HAMBLIN	DIRECTOR	1.00	Director	$0	$0	$0
ROLF PETERMANN	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA BUFORD	EXECUTIVE DI	40.00	Officer	$94,964	$11,022	$105,986

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	$3,467,268	$1,814,033	$15,813,681	$1,653,235
2023	$1,686,618	$1,924,443	$13,942,482	$-237,825
2022	$4,013,484	$2,037,069	$13,521,051	$1,976,415
2021	$1,474,160	$1,464,611	$10,120,385	$9,549
2020	$2,983,800	$2,030,633	$10,142,082	$953,167
2019	$974,422	$1,027,963	$8,960,686	$-53,541
2018	$775,739	$862,174	$7,991,483	$-86,435