HOMES FOR ARUNDEL INC C/O HOMES FOR AMERICA INC (EIN 542119728) - 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

2003

Legal Domicile

Principal Officer

DANA JOHNSON

Phone

4102691222

Tax Period

2023-04-01 to 2024-03-25

HOMES FOR ARUNDEL INC C/O HOMES FOR AMERICA INC, founded in 2003, is a micro nonprofit that reported $62K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 3723% operating deficit.

Mission

ENTITY WAS FORMED TO PROVIDE AND OPERATE SUBSIDIZED RENTAL HOUSING TO LOW-INCOME PEOPLE AND HOUSEHOLDS WHO FORMELY RESIDED IN PUBLIC HOUSING OWNED BY THE HABC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $61,677

Other Revenue $1

TOTAL REVENUE $61,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,358,181

TOTAL EXPENSES $2,358,181

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,678	$82,955	-0.3%
Expenses	$2,358,181	N/A	N/A
Net Income	$-2,296,503	$82,955	-28.7%

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

N/A

Employees

N/A

Volunteers

N/A

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

$722,457

Total Directors

$722,457

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA JOHNSON	DIRECTOR/PRESIDENT	0.25	Officer Director	$0	$27,109	$269,605
W ANDREW HANSON	DIRECTOR/VICE PRESIDENT	0.25	Officer Director	$0	$23,160	$216,957
JOLLY BURKS	DIRECTOR/SECRETARY/TREASURER	0.25	Officer Director	$0	$24,378	$235,895

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	$61,678	$2,358,181	No data	$-2,296,503
2023	$82,955	No data	$2,296,503	No data
2022	$81,595	$753	$2,213,548	$80,842
2021	$80,359	No data	$2,132,706	No data
2020	$-12,374,876	$273,454	$2,066,675	$-12,648,330
2019	$617,439	$825,040	$14,706,158	$-207,601
2018	$584,162	$837,932	$14,923,536	$-253,770

HOMES FOR ARUNDEL INC C/O HOMES FOR AMERICA INC