HABCORE INC (EIN 521596165) - 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

1988

Legal Domicile

Principal Officer

DARRIN DE SENO

Phone

7325441975

Tax Period

2024-01-01 to 2024-12-31

HABCORE INC, founded in 1988, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $5.7M left a modest 8% surplus.

Mission

PROVIDE PERMANENT HOUSING & SUPPORT FOR LOW-INCOME, HOMELESS INDIVIDUALS.

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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 $1,505,535

Program Service Revenue $4,753,072

Investment Income $48,463

Other Revenue $-52,208

TOTAL REVENUE $6,254,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,090,381

Fundraising Expenses $281,050

Program Expenses $5,326,496

Other Expenses $3,644,647

TOTAL EXPENSES $5,735,028

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,254,862	$4,970,544	+0.3%
Expenses	$5,735,028	$4,582,444	+0.3%
Net Income	$519,834	$388,100	+0.3%

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

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

$178,055

Total Directors

$178,055

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE HEISMAN	EXECUTIVE DIRECTOR	40.00	Officer Director	$150,110	$27,945	$178,055
DANA WELLE	TRUSTEE	1.00	Director	$0	$0	$0
ERIC YNGSTROM	TRUSTEE	1.00	Director	$0	$0	$0
PAUL ROBERTS	TRUSTEE	1.00	Director	$0	$0	$0
RON REISNER	TRUSTEE	1.00	Director	$0	$0	$0
LIZ MANCUSO	TRUSTEE	1.00	Director	$0	$0	$0
BILL MCGUINN	TRUSTEE	1.00	Director	$0	$0	$0
MICHELE HAAS	TRUSTEE	1.00	Director	$0	$0	$0
JOE GAGLIANO	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ELAINE FOLEY	TRUSTEE	1.00	Director	$0	$0	$0
VALERIE HEMHAUSER	TRUSTEE	1.00	Director	$0	$0	$0
SHELDON ABRAMS	TRUSTEE	1.00	Director	$0	$0	$0
DEBORAH EISENSTEIN	ADVISORY BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SUSAN HARBISON	SECRETARY	2.00	Officer Director	$0	$0	$0
DARRIN DE SENO	TREASURER	2.00	Officer Director	$0	$0	$0
CATHY PUGLIESE-SIVO	PRESIDENT	5.00	Director	$0	$0	$0
GARY DAHMS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KATHLEEN MULLARKEY	TRUSTEE	1.00	Officer Director	$0	$0	$0
SHANNON MOSIER	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MUNLEY	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT WINTERS	TRUSTEE	1.00	Officer Director	$0	$0	$0
BERNARD MCSHERRY	TRUSTEE	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	$6,254,862	$5,735,028	$7,209,555	$519,834
2023	$4,970,544	$4,582,444	$6,587,917	$388,100
2022	$4,967,156	$4,409,118	$7,376,562	$558,038
2021	$4,223,879	$4,047,629	$5,091,170	$176,250
2020	$3,880,589	$3,565,652	$4,635,729	$314,937
2019	$3,463,916	$3,233,037	$3,845,203	$230,879
2018	$2,901,133	$2,881,943	$3,496,987	$19,190

HABCORE INC