NATIONAL CAPITAL FOUNDATION FOR HOMECRES

EIN: 521517016 501(c)(3)

GAITHERSBURG, MD

Total Revenue
$268,686
Total Expenses
$104,338
Total Assets
$9,588,390
Net Assets
$9,588,390
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MD
Principal Officer
MICHAEL GOLDMAN
Phone
3018409452
Tax Period
2023-07-01 to 2024-06-30

NATIONAL CAPITAL FOUNDATION FOR HOMECRES, founded in 1986, is a small nonprofit that reported $269K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $164K, a strong 61% operating margin.

Mission

TO PROVIDE FINANCIAL ASSISTANCE AND OTHER SERVICES TO CHARITABLE ORGANIZATIONS THAT PROVIDE HOUSING TO LOW AND VERY LOW INCOME, HANDICAPPED, AND ELDERLY INDIVIDUALS.

Program Service Accomplishments

Program 1

PROVIDED FINANCIAL ASSISTANCE AND OTHER SERVICES TO AFFILIATED CHARITABLE ORGANIZATIONS THAT PROVIDED HOUSING TO LOW INCOME, HANDICAPPED, AND ELDERLY PERSONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $268,686
Other Revenue $0
TOTAL REVENUE $268,686

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $104,338
TOTAL EXPENSES $104,338

Year-over-Year Comparison

2023 2022 Change
Revenue $268,686 $356,436 -0.2%
Expenses $104,338 $96,916 +0.1%
Net Income $164,348 $259,520 -0.4%
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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Governance

Voting Members
9
Independent Members
9
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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN B FRANKLE DIRECTOR 1.00
Director
$0 $0 $0
BRUCE MENDITCH DIRECTOR 1.00
Director
$0 $0 $0
CARL BERGER DIRECTOR 1.00
Director
$0 $0 $0
ADINA SALOMON DIRECTOR 1.00
Director
$0 $0 $0
MIKE GOLDMAN PRESIDENT 1.00
Officer Director
$0 $0 $0
ALI B EHRLICH SECRETARY 1.00
Officer Director
$0 $0 $0
WILLIAM HALPERN TREASURER 1.00
Officer Director
$0 $0 $0
LARRY GORBIN DIRECTOR 1.00
Director
$0 $0 $0
JOE LUSTIG DIRECTOR 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 No data No data No data No data
2024 $268,686 $104,338 $9,588,390 $164,348
2023 $356,436 $96,916 $8,289,966 $259,520
2022 $524,298 $105,319 $7,562,864 $418,979
2021 $540,156 $82,435 $8,909,139 $457,721
2020 $28,415 $70,276 $6,960,802 $-41,861
2019 $458,021 $63,188 $6,278,442 $394,833
2018 $513,169 $135,596 $6,014,672 $377,573
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