HOMES FOR AMERICA INC (EIN 521901220) - 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

1994

Legal Domicile

Principal Officer

DANA JOHNSON

Phone

4102691222

Tax Period

2024-04-01 to 2025-03-31

HOMES FOR AMERICA INC, founded in 1994, is a mid-sized nonprofit in the Housing & Shelter sector that reported $15.7M in total revenue in fiscal year 2024. Revenue surged 201% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.6M, a strong 67% operating margin.

Mission

HOMES FOR AMERICA, INC. WAS INCORPORATED FOR THE PURPOSE OF DEVELOPING AND PRESERVING HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS AND SPECIAL NEEDS POPULATIONS.

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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 $2,561,212

Program Service Revenue $12,307,693

Investment Income $878,468

Other Revenue $0

TOTAL REVENUE $15,747,373

Expense Breakdown

Grants Paid $1,393,740

Salaries & Benefits $2,434,659

Fundraising Expenses $0

Program Expenses $4,488,711

Other Expenses $1,324,149

TOTAL EXPENSES $5,152,548

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,747,373	$5,232,794	+2.0%
Expenses	$5,152,548	$6,451,899	-0.2%
Net Income	$10,594,825	$-1,219,105	-9.7%

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

$767,411

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETHANY HOOPER	DIRECTOR (AS OF 2/20/25)	0.50	Director	$0	$0	$0
CHICKIE GRAYSON	SECRETARY & DIRECTOR	0.50	Officer Director	$0	$0	$0
ELIZABETH SCOTT GLEN	DIRECTOR	0.50	Director	$0	$0	$0
ERIC BROWN	DIRECTOR	0.50	Director	$0	$0	$0
GRAYLIN SMITH	DIRECTOR	0.50	Director	$0	$0	$0
JAMES I HUMPHREY JR	DIRECTOR (THRU 12/31/24)	0.50	Director	$0	$0	$0
JEFFREY R STERN	CHAIRMAN & DIRECTOR	0.50	Officer Director	$0	$0	$0
KIMBERLY FRY	DIRECTOR	0.50	Director	$0	$0	$0
LESSIE POWELL EVANS	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK SHERIDAN	DIRECTOR	0.50	Director	$0	$0	$0
SAUL GILSTEIN	TREASURER & DIRECTOR	0.50	Officer Director	$0	$0	$0
SHELLEY MURPHY MCCABE	VICE CHAIRMAN & DIRECTOR	0.50	Officer Director	$0	$0	$0
SUSAN FRANK	DIRECTOR	0.50	Director	$0	$0	$0
DANA JOHNSON	PRESIDENT & CEO	40.00	Officer	$253,244	$34,506	$287,750
JOLLY BURKS	VICE PRESIDENT & CFO	40.00	Officer	$218,634	$30,673	$249,307
W ANDREW HANSON	VICE PRESIDENT	40.00	Officer	$198,150	$32,204	$230,354
DANIELLE ENGLAND	VICE PRESIDENT, PORTFOLIO MANAGEMENT	40.00	Highest	$139,864	$10,978	$150,842
DEEPTHI JAIN	DEVELOPMENT DIRECTOR	40.00	Highest	$147,649	$12,131	$159,780
DENISE FAZIO	DEVELOPMENT DIRECTOR	40.00	Highest	$165,451	$28,689	$194,140
JULIE MCCABE	VP SERVICE ENHANCED HOUSING	40.00	Highest	$147,818	$20,587	$168,405
LINDSAY THOMPSON	DIRECTOR, DESIGN & CONSTRUCTION	40.00	Highest	$128,946	$32,297	$161,243

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	$15,747,373	$5,152,548	$50,047,130	$10,594,825
2024	$5,232,794	$6,451,899	$42,343,104	$-1,219,105
2023	$7,015,981	$4,793,598	$36,520,580	$2,222,383
2022	$10,186,621	$4,428,733	$33,991,343	$5,757,888
2021	$5,986,930	$3,800,759	$33,274,743	$2,186,171
2020	$6,299,560	$3,629,052	$28,770,085	$2,670,508
2019	$5,118,974	$4,252,164	$26,186,520	$866,810
2018	$5,142,751	$4,008,397	$25,648,386	$1,134,354

HOMES FOR AMERICA INC