HOMES IN PARTNERSHIP INC (EIN 510188718) - 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

1975

Legal Domicile

Principal Officer

GLORIA NELSON

Phone

4078862451

Tax Period

2024-01-01 to 2024-12-31

HOMES IN PARTNERSHIP INC, founded in 1975, is a community nonprofit in the Housing & Shelter sector that reported $3.9M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $3.7M left a modest 7% surplus.

Mission

TO PROVIDE TECHNICAL ASSISTANCE TO VERY LOW TO MODERATE INCOME HOME BUYERS, THROUGH A SELF-HELP HOUSING INITIATIVE.

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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 $1,234,331

Program Service Revenue $1,644,206

Investment Income $25,504

Other Revenue $1,031,201

TOTAL REVENUE $3,935,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,253,871

Fundraising Expenses $0

Program Expenses $3,419,607

Other Expenses $2,407,850

TOTAL EXPENSES $3,661,721

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,935,242	$4,782,748	-0.2%
Expenses	$3,661,721	$4,091,387	-0.1%
Net Income	$273,521	$691,361	-0.6%

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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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

$153,432

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLORIA NELSON	EXECUTIVE DI	40.00	Officer	$138,884	$0	$138,884
KENNETH GOODWIN	EXECUTIVE DI	40.00	Officer	$14,548	$0	$14,548
VERNON FULLER	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN H CHRISTIAN II	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ERIKA JASPER	TREASURER	1.00	Director	$0	$0	$0
DORI MADISON	SECRETARY	2.00	Officer Director	$0	$0	$0
CAROL A JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY BRIDGES	BOARD MEMBER	1.00	Director	$0	$0	$0
HELENA S RYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY TUCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARILYN C PERKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
JIMMIE WALLER	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
2024	$3,935,242	$3,661,721	$10,732,487	$273,521
2023	$4,782,748	$4,091,387	$10,699,433	$691,361
2022	$3,863,030	$4,276,923	$9,616,898	$-413,893
2021	$3,280,493	$3,811,966	$9,960,396	$-531,473
2020	$3,540,896	$3,743,965	$10,806,609	$-203,069
2019	$4,432,621	$4,442,535	$10,916,892	$-9,914

HOMES IN PARTNERSHIP INC