ANNAPOLIS, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOMES FOR SHIPPENSBURG INC C/O HOMES FOR AMERICA INC, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $250K in total revenue in fiscal year 2024. Expenses of $278K exceeded revenue, resulting in a 11% operating deficit.
HOMES FOR SHIPPENSBURG, INC. WAS INCORPORATED FOR THE PURPOSE OF DEVELOPING AND PRESERVING HOUSING FOR LOW AND MODERATE INCOME ELDERLY.
24 UNITS OF HOUSING SERVING SENIOR CITIZENS UNDER SECTION 202 OF THEFEDERAL HOUSING ACT OF 1959. SERVICES, IN ADDITION TO HOUSING,INCLUDE COMMUNITY MEAL SHARING, WEEKDAY MEALS ON WHEELSDELIVERY...
24 UNITS OF HOUSING SERVING SENIOR CITIZENS UNDER SECTION 202 OF THEFEDERAL HOUSING ACT OF 1959. SERVICES, IN ADDITION TO HOUSING,INCLUDE COMMUNITY MEAL SHARING, WEEKDAY MEALS ON WHEELSDELIVERY, MONTHLY NON-PERISHABLE FOOD BOX DELIVERY, MONTHLYSEASONAL FRESH PRODUCE DELIVERY, VISITING NURSE PROGRAM, ON-SITEMOBILE LIBRARY WITH A RESIDENT COMPUTER, SOCIAL AND ACTIVITYPROGRAMS, INCLUDING BINGO, LOCAL ENTERTAINMENT, GAMES, ANDPUZZLES. REGULAR WELLNESS EDUCATION OPPORTUNITIES FROM THE LOCALPROVIDERS AND COMMUNITY SOCIAL SERVICES ORGANIZATIONS ARE AVAILABLEFOR RESIDENTS AS NEEDED. AN ON-SITE 'FREE' STORE OFFERING PERSONALCARE AND LAUNDRY ITEMS IS AVAILABLE FOR RESIDENTS. TRANSPORTATIONDOOR TO DOOR IS AVAILABLE FOR THE SENIOR CENTER AND MEDICALLYRELATED APPOINTMENTS. A COMMUNITY BUS ROUTE STOP IS WITHIN A SHORTWALKING DISTANCE FOR TRANSPORT TO LOCAL GROCERY STORES, LIBRARY,RESTAURANTS, AND VARIOUS LOCAL VENUES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $250,115 | $236,378 | +0.1% |
| Expenses | $277,873 | $263,529 | +0.1% |
| Net Income | $-27,758 | $-27,151 | +0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CATHY WALLICK | DIRECTOR | 0.25 |
Director
|
$0 | $21,093 | $96,855 |
| DANA JOHNSON | VICE PRESIDENT & DIRECTOR | 0.25 |
Officer
Director
|
$0 | $34,506 | $287,750 |
| ERIC BROWN | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| JEFFREY R STERN | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| KATHY EBNER | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| LISA J YAFFE | SECRETARY/TREASURER & DIRECTOR | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| NANCY S RASE | PRESIDENT & DIRECTOR | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| PATRICK SHERIDAN | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| SUSAN FRANK | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $250,115 | $277,873 | $833,917 | $-27,758 |
| 2024 | $236,378 | $263,529 | $843,246 | $-27,151 |
| 2023 | $226,145 | $260,433 | $864,659 | $-34,288 |
| 2022 | $228,689 | $265,389 | $902,144 | $-36,700 |
| 2021 | $214,274 | $280,774 | $939,955 | $-66,500 |
| 2020 | $205,593 | $240,285 | $1,006,199 | $-34,692 |
| 2019 | $188,453 | $234,722 | $1,049,927 | $-46,269 |
| 2018 | $246,640 | $241,616 | $1,098,193 | $5,024 |
Compare HOMES FOR SHIPPENSBURG INC C/O HOMES FOR AMERICA INC with other nonprofits in Maryland and across the country.