FLORIDA HOME PARTNERSHIP INC (EIN 593211393) - 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

1993

Legal Domicile

Principal Officer

DETRA SMITH-O'BRYANT

Phone

8136727860

Tax Period

2023-10-01 to 2024-09-30

FLORIDA HOME PARTNERSHIP INC, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2023. Expenses of $2.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO EMPOWER HARD WORKING CITIZENS TO ACHIEVE THE AMERICAN DREAM OF HOMEOWNERSHIP BY PROVIDING QUALITY, AFFORDABLE HOUSING TO FAMILIES LIVING BELOW THE MEDIAN INCOME.

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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 $1,382,875

Program Service Revenue $537,433

Investment Income $98,091

Other Revenue $359,660

TOTAL REVENUE $2,378,059

Expense Breakdown

Grants Paid $220,545

Salaries & Benefits $1,505,370

Fundraising Expenses $0

Program Expenses $2,311,361

Other Expenses $917,081

TOTAL EXPENSES $2,642,996

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,378,059	$2,448,730	0.0%
Expenses	$2,642,996	$2,069,856	+0.3%
Net Income	$-264,937	$378,874	-1.7%

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

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

$525,883

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC ISENBERGH	PRESIDENT	1.50	Officer Director	$0	$0	$0
PABLO LATOREE	SECRETARY	1.50	Officer Director	$0	$0	$0
WALTER WELKER	TREASURER AND DIRECTOR	1.50	Officer Director	$0	$0	$0
JULIA COHEN	DIRECTOR (TO MAY '24)	0.30	Director	$0	$0	$0
HAZEL JACKSON	DIRECTOR	0.30	Director	$0	$0	$0
MARTINE DORVIL	DIRECTOR	0.30	Director	$0	$0	$0
VERNON FULLER	DIRECTOR	0.30	Director	$0	$0	$0
PEGGY GLEASON	DIRECTOR	0.30	Director	$0	$0	$0
DAVID GOLDSTEIN	DIRECTOR	0.30	Director	$0	$0	$0
DANIEL BLOOD	DIRECTOR (TO FEB '24)	0.30	Director	$0	$0	$0
PAUL CLIFF	VICE PRESIDENT (TO DEC '23)	1.50	Officer Director	$0	$0	$0
MICHAEL MORINA	EXECUTIVE DIRECTOR (TO FEB '24)	40.00	Officer	$193,585	$11,887	$205,472
DAVID SNYDER	CHIEF FINANCIAL OFFICER (TO JAN '24)	40.00	Officer	$159,199	$9,930	$169,129
VANESSA JOSEY	CHIEF OPERATING OFFICER	40.00	Officer	$133,637	$17,645	$151,282
DETRA SMITH-O'BRYANT	EXECUTIVE DIRECTOR (FROM MAY '24)	40.00	Officer	$0	$0	$0
THOMAS TAYLOR	CHIEF FINANCIAL OFFICER (FROM JAN '24)	40.00	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
2024	$2,378,059	$2,642,996	$7,590,304	$-264,937
2023	$2,448,730	$2,069,856	$9,552,350	$378,874
2022	$2,516,667	$1,991,720	$8,809,243	$524,947
2021	$2,356,996	$2,193,363	$9,193,072	$163,633
2020	$1,769,249	$2,072,699	$10,473,222	$-303,450
2019	$3,759,148	$2,260,914	$11,264,483	$1,498,234
2018	$2,690,328	$2,743,894	$13,131,146	$-53,566

FLORIDA HOME PARTNERSHIP INC