HOMES FOR LAUREL INC C/O HOMES FOR… - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

DANA JOHNSON

Phone

4102691222

Tax Period

2024-04-01 to 2025-03-31

HOMES FOR LAUREL INC C/O HOMES FOR AMERICA INC, founded in 2000, is a small nonprofit in the Human Services sector that reported $190K in total revenue in fiscal year 2024. Expenses of $234K exceeded revenue, resulting in a 23% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $212,075 Revenue: $187,494

21 UNITS OF HOUSING SERVING SENIOR CITIZENS UNDER SECTION 202 OF THEFEDERAL HOUSING ACT OF 1959. SERVICES, IN ADDITION TO HOUSING,INCLUDE MONTHLY CONTINENTAL BREAKFAST, PARTNERSHIP WITHSALVATION ARMY TO PROVIDE FREE WEEKDAY MEALS INCLUDINGTRANSPORTATION, MEALS ON WHEELS, MONTHLY DELAWARE FOOD BANKDONATIONS, ON-SITE BUS STOP, COMPUTER LAB, MONTHLY ON-SITE MOBILEHEALTH UNIT FOR VACCINATIONS AND WELLNESS CHECKS, WELLNESSEDUCATION OPPORTUNITIES, LENDING LIBRARY, AND ENERGY ASSISTANCE. AVARIETY OF SOCIAL PROGRAMS ARE ALSO PROVIDED, WHICH INCLUDE BINGO,ARTS AND CRAFTS, SEASONAL LUNCHEONS, BRUNCHES, AND COOKOUTS,AND WEEKDAY TRANSPORTATION TO THE LAUREL SENIOR CENTER. REGULARRESIDENT MEETINGS TO HELP MONITOR ACTIVITIES AND SERVICES ARE HELD.

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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 $187,494

Investment Income $2,557

Other Revenue $0

TOTAL REVENUE $190,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $212,075

Other Expenses $233,758

TOTAL EXPENSES $233,758

Year-over-Year Comparison

	2024	2023	Change
Revenue	$190,051	$184,441	+0.0%
Expenses	$233,758	$223,218	+0.0%
Net Income	$-43,707	$-38,777	+0.1%

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	$190,051	$233,758	$1,164,711	$-43,707
2024	$184,441	$223,218	$1,190,236	$-38,777
2023	$183,750	$252,015	$1,248,093	$-68,265
2022	$187,093	$241,364	$1,309,387	$-54,271
2021	$174,520	$203,392	$1,352,909	$-28,872
2020	$167,312	$211,282	$1,389,875	$-43,970
2019	$157,914	$192,169	$1,419,582	$-34,255
2018	$150,514	$199,982	$1,457,256	$-49,468

HOMES FOR LAUREL INC C/O HOMES FOR AMERICA INC