HOME INC (EIN 571006409) - 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

1994

Legal Domicile

Principal Officer

SUSAN SELDEN

Phone

8035361056

Tax Period

2023-01-01 to 2023-12-31

HOME INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $156K in total revenue in fiscal year 2023. Net assets of $612K represent 47 months of operating reserves.

Mission

HOME, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 20 UNIT COMMUNITY KNOWN AS NORTHGATE APARTMENTS LOCATED IN AIKEN, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR PERSONS WITH DISABILITIES. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $69,903

Program Service Revenue $75,312

Investment Income $1,954

Other Revenue $8,416

TOTAL REVENUE $155,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $112,440

Other Expenses $157,018

TOTAL EXPENSES $157,018

Year-over-Year Comparison

	2023	2022	Change
Revenue	$155,585	$157,343	0.0%
Expenses	$157,018	$159,896	0.0%
Net Income	$-1,433	$-2,553	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY SCHILLING	SECRETARY	1.00	Officer Director	$0	$0	$0
SUSAN SELDEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTHA EBEL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
VICKI REINEY	MEMBER	1.00	Director	$0	$0	$0
TRINA CROCKER	MEMBER	1.00	Director	$0	$0	$0
RONALD POPE	MEMBER	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	No data	No data	No data	No data
2023	$155,585	$157,018	$625,340	$-1,433
2022	$157,343	$159,896	$625,547	$-2,553
2021	$164,569	$138,576	$628,414	$25,993
2020	$157,887	$148,143	$600,815	$9,744
2019	$160,658	$149,087	$591,390	$11,571
2018	$147,848	$148,364	$590,081	$-516

HOME INC