HOME LIVING OPPORTUNITIES 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

1994

Legal Domicile

Principal Officer

PAUL NORWOOD

Phone

8287570209

Tax Period

2023-07-01 to 2024-06-30

HOME LIVING OPPORTUNITIES INC, founded in 1994, is a small nonprofit in the Human Services sector that reported $127K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $147K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE HOUSING NEEDS FOR PROGRAMS SUPPORTING COMMUNITY INTEGRATION AND INDEPENDENT LIVING FOR HANDICAPPED INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $130,747 Revenue: $123,764

TO PROVIDE HOUSING FOR PROGRAMS SUPPORTING COMMUNITY INTEGRATION AND INDEPENDENT LIVING FOR HANDICAPPED INDIVIDUALS IN BURKE, MCDOWELL AND CLEVELAND COUNTIES.

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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 $3,086

Program Service Revenue $123,764

Investment Income $0

Other Revenue $0

TOTAL REVENUE $126,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,315

Fundraising Expenses $0

Program Expenses $130,747

Other Expenses $135,642

TOTAL EXPENSES $146,957

Year-over-Year Comparison

	2023	2022	Change
Revenue	$126,850	$133,540	-0.1%
Expenses	$146,957	$133,792	+0.1%
Net Income	$-20,107	$-252	+78.8%

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
DAVID MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA WARD	PRESIDENT	20.00	Officer	$0	$0	$0
SHERRY LONG	CO-VICE PRESIDENT	1.00	Officer	$0	$0	$0
DAWN KELLEY	SECRETARY/TREASURER	1.00	Officer	$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	No data	No data	No data	No data
2024	$126,850	$146,957	$661,246	$-20,107
2023	$133,540	$133,792	$702,908	$-252
2022	$115,385	$140,739	$717,466	$-25,354
2021	$156,920	$142,713	$763,269	$14,207
2020	$121,269	$131,947	$812,319	$-10,678
2019	$120,055	$135,535	$846,741	$-15,480