HOMELAND ASSOCIATION INC

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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

1948

Legal Domicile

Principal Officer

William Sisti

Phone

4103237088

Tax Period

2024-01-01 to 2024-12-31

HOMELAND ASSOCIATION INC, founded in 1948, is a small nonprofit that reported $441K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $524K exceeded revenue, resulting in a 19% operating deficit.

Mission

PROMOTES AND PROTECTS THE MUTUAL INTERESTS OF THE RESIDENTS AND OWNERS OF PROPERTY IN HOMELAND. INCLUDES SIDEWALK AND LANE REPAIRS, MAINTENANCE OF COMMON AREAS, SPONSORING HALLOWEEN PARTY, CHRISTMAS AT THE LAKES, OTHER COMMUNITY EVENTS, ENFORCING COVENANTS AND ARCHITECTURAL RULES AND STANDARDS.

Program Service Accomplishments

Program 1

Expenses: $312,771 Revenue: $33,701

MAINTENANCE OF COMMON AREAS - LAKES, OPEN SPACE AND SIDEWALKS. CONTRACTED FOR, INSPECTED AND PAID FOR SIDEWALK REPLACEMENT AND PAVING REPAIRS IN LANES. PAID CITY PROPERTY TAXES FOR COMMON AREAS.

Program 2

Expenses: $135,819 Revenue: $131,651

SPONSORSHIP OF COMMUNITY EVENTS AND NEIGHBORHOOD COMMUNICATIONS. ORGANIZED AND PAID FOR COMMUNITY EVENTS FOR NATIONAL NIGHT OUT, ANNUAL PICNIC, HALLOWEEN AND CHRISTMAS EVENTS. PUBLISHED THE HOMELAND NEWS TO PUBLICIZE COMMUNITY EVENTS, LOCAL ISSUES, ASSOCIATION MATTERS, AND GENERAL NEWS OF THE NEIGHBORHOOD. ORGANIZED AND SUPPORTED CITIZENS OF PATROL. PROMOTED COMMUNITY SAFETY.

Program 3

Expenses: $58,981 Revenue: $39,956

ENFORCEMENT OF COVENANTS, ARCHITECTURAL REVIEWS, PAYMENT OF DUES AND LIENS. REVIEWED AND APPROVED/REJECTED REQUESTS FROM HOMEOWNERS REGARDING CONSTRUCTION AND MAINTENANCE ACTIVITIES OF THEIR...

ENFORCEMENT OF COVENANTS, ARCHITECTURAL REVIEWS, PAYMENT OF DUES AND LIENS. REVIEWED AND APPROVED/REJECTED REQUESTS FROM HOMEOWNERS REGARDING CONSTRUCTION AND MAINTENANCE ACTIVITIES OF THEIR PROPERTIES IN ACCORDANCE WITH THE DEED AND AGREEMENT.

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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 $235,834

Program Service Revenue $205,308

Investment Income $37

Other Revenue $0

TOTAL REVENUE $441,179

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,036

Fundraising Expenses $5,525

Program Expenses $507,571

Other Expenses $412,484

TOTAL EXPENSES $523,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$441,179	$519,742	-0.2%
Expenses	$523,520	$380,140	+0.4%
Net Income	$-82,341	$139,602	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE BURNS	President	8.00	Officer Director	$0	$0	$0
KRISTEN SHAAB	Vice President	6.00	Officer Director	$0	$0	$0
WILLIAM SISTI	Secretary	6.00	Officer Director	$0	$0	$0
PAUL JEANNE	Treasurer	5.00	Officer Director	$0	$0	$0
ERIN WILK MILLER	Director, through May 2024	1.00	Director	$0	$0	$0
CHRISTOPHER FALZONE	Director	1.00	Director	$0	$0	$0
ELIZABETH AYCOCK	Director	1.00	Director	$0	$0	$0
RICHARD SANTOS	Director	1.00	Director	$0	$0	$0
SANDY GENTLES	Director	1.00	Director	$0	$0	$0
SUSAN CAREY	Director	1.00	Director	$0	$0	$0
ALANA DIXON	Director	1.00	Director	$0	$0	$0
MARTINA DILKS	Director	1.00	Director	$0	$0	$0
JACQUELINE FARRIS	Director	1.00	Director	$0	$0	$0
PATRICK FLEMING	Director	1.00	Director	$0	$0	$0
GARY MARTINEZ	Director	1.00	Director	$0	$0	$0
JENNIFER SMITH	Director	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	$441,179	$523,520	$994,277	$-82,341
2023	$519,742	$380,140	$1,100,037	$139,602
2022	$380,134	$406,902	$984,169	$-26,768
2021	$444,416	$405,477	$979,630	$38,939
2020	$393,550	$395,571	$848,719	$-2,021
2019	$389,104	$314,725	$863,759	$74,379