HOMES FOR SHIPPENSBURG INC C/O HOMES FOR AMERICA INC (EIN 522148579) - 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

1999

Legal Domicile

Principal Officer

DANA JOHNSON

Phone

4102691222

Tax Period

2024-04-01 to 2025-03-31

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.

Mission

HOMES FOR SHIPPENSBURG, INC. WAS INCORPORATED FOR THE PURPOSE OF DEVELOPING AND PRESERVING HOUSING FOR LOW AND MODERATE INCOME ELDERLY.

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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 $0

Program Service Revenue $248,119

Investment Income $1,996

Other Revenue $0

TOTAL REVENUE $250,115

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $255,901

Other Expenses $277,873

TOTAL EXPENSES $277,873

Year-over-Year Comparison

	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%

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

N/A

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

$287,750

Total Directors

$384,605

Key Employees

Highest Compensated

reported

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

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	$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

HOMES FOR SHIPPENSBURG INC C/O HOMES FOR AMERICA INC