HOLLYBROOK HOMES 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

1971

Legal Domicile

Principal Officer

CARLTON FREEMAN

Phone

9043891196

Tax Period

2023-01-01 to 2023-12-31

HOLLYBROOK HOMES INC, founded in 1971, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $1.4M left a modest 7% surplus.

Mission

PROVIDES HOUSING TO LOW INCOME PERSONS UNDER SECTION 221(D)(3) OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.

Program Service Accomplishments

Program 1

Expenses: $1,262,561 Revenue: $1,506,346

PROVIDES HOUSING TO LOW INCOME PERSONS UNDER SECTION 221(D)(3) OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.

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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 $1,506,346

Investment Income $423

Other Revenue $0

TOTAL REVENUE $1,506,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,725

Fundraising Expenses $0

Program Expenses $1,262,561

Other Expenses $1,107,404

TOTAL EXPENSES $1,406,129

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,506,769	$1,755,775	-0.1%
Expenses	$1,406,129	$1,674,458	-0.2%
Net Income	$100,640	$81,317	+0.2%

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
CARLTON FREEMAN	PRESIDENT	N/A	Officer	$0	$0	$0
WILLIE TYLER	BOARD MEMBER	N/A	Officer	$0	$0	$0
MONTERIO WEAVER	VICE PRESIDE	N/A	Officer	$0	$0	$0
LINNIE WILLIAMS	BOARD MEMBER	N/A	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
2024	No data	No data	No data	No data
2023	$1,506,769	$1,406,129	$1,426,059	$100,640
2022	$1,755,775	$1,674,458	$1,420,965	$81,317
2021	$1,901,755	$1,889,929	$1,483,320	$11,826
2020	$1,940,134	$2,010,122	$1,649,436	$-69,988
2019	$1,823,804	$2,003,092	$1,810,348	$-179,288