CLEARWATER, FL
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)HOMES FOR INDEPENDENCE INC, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $2.4M exceeded revenue, resulting in a 59% operating deficit.
TO FACILITATE SERVICES, RESOURCES AND PARTNERSHIPS TO SUPPORT PEOPLE WITH DISABILITIES AND OTHERS WE SERVE, ALONG WITH THEIR FAMILIES, THEIR CAREGIVERS AND COMMUNITY MEMBERS, IN ORDER TO BUILD MORE INCLUSIVE COMMUNITIES.
HOMES FOR INDEPENDENCE, INC. (HFI) IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION AND THE HOUSING DIVISION OF ABILITIES, INC. OF FLORIDA. ABILITIES, INC. OF FLORIDA DBA SERVICESOURCE IS A 501(C)(3)...
HOMES FOR INDEPENDENCE, INC. (HFI) IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION AND THE HOUSING DIVISION OF ABILITIES, INC. OF FLORIDA. ABILITIES, INC. OF FLORIDA DBA SERVICESOURCE IS A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION OPERATING AS THE FLORIDA REGIONAL OFFICE OF SERVICESOURCE. THE MISSION OF THE ORGANIZATION IS TO FACILITATE SERVICES, RESOURCES AND PARTNERSHIPS TO SUPPORT PEOPLE WITH DISABILITIES AND OTHERS WE SERVE, ALONG WITH THEIR FAMILIES, THEIR CAREGIVERS AND COMMUNITY MEMBERS, IN ORDER TO BUILD MORE INCLUSIVE COMMUNITIES. THE SERVICESOURCE ORGANIZATION IS MADE UP OF FIVE REGIONAL OFFICES WITH PROGRAMS AND OPERATIONS IN MORE THAN 10 STATES AND THE DISTRICT OF COLUMBIA. THE REGIONAL OFFICES ARE LOCALLY INCORPORATED AS SEPARATE 501(C)(3) ENTITIES BUT MEET CONCURRENTLY THROUGH THE SAME VOLUNTEER BOARD OF DIRECTORS ACROSS REGIONS. ABILITIES, INC. OF FLORIDA OPERATING AS THE FLORIDA REGIONAL OFFICE OF SERVICESOURCE IS LOCATED IN CLEARWATER, FL. THE VIRGINIA REGIONAL OFFICE IS IN OAKTON, VA; THE NORTH CAROLINA REGIONAL OFFICE IS LOCATED IN FAYETTEVILLE, NC; THE DELAWARE REGIONAL OFFICE IS IN NEW CASTLE, DE; AND THE UTAH REGIONAL OFFICE IS IN CLEARFIELD, UT.HOMES FOR INDEPENDENCE PROVIDES AFFORDABLE, ACCESSIBLE AND SAFE HOUSING FOR PERSONS WITH LOW INCOMES AND/OR DISABILITIES THROUGH THE FOLLOWING PROGRAMS AND SERVICES: -INCLUSIVE, ACCESSIBLE AND AFFORDABLE RENTALS IN PINELLAS AND BREVARD COUNTIES, FL, AND IN CUMBERLAND COUNTY, NC, IN CONDOMINIUM UNITS WHICH ARE INTEGRATED INTO ESTABLISHED CONDOMINIUM COMMUNITIES WITH EASY ACCESS TO SHOPPING AND TRANSPORTATION. AFFORDABLE, ACCESSIBLE AND SAFE HOUSING WAS PROVIDED TO MORE THAN 310 FAMILIES IN FY24. -HOUSING COUNSELING FOR INDIVIDUALS WITH DISABILITIES AND THEIR FAMILIES. -VETERANS HOUSING THROUGH DUVAL PARK IN ST. PETERSBURG, FL. THIS 88-UNIT PERMANENT SUPPORTED HOUSING COMMUNITY FOR VETERAN WITH DISABILITIES AND THEIR FAMILIES PROVIDES A RANGE OF SUPPORT SERVICES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,492,441 | $1,527,209 | 0.0% |
| Expenses | $2,372,524 | $2,526,620 | -0.1% |
| Net Income | $-880,083 | $-999,411 | -0.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LALANIA SEEDERS | CHAIR | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| KATIE BENDEL | VICE CHAIR | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| BARBARA MCSHERRY | SECRETARY | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN SOUTHSCOTT | TREASURER | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| GILBERT LOGAN | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| MONIQUE LITTLE | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| AMANDA GOMEZ | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| BRUCE PATTERSON | PRESIDENT/CEO | 1.00 |
Officer
|
$17,888 | $40,363 | $636,644 |
| NATHANIEL HOOVER | CHIEF FINANCIAL OFFICER | 1.00 |
Officer
|
$7,330 | $1,947 | $368,417 |
| KENNETH CRUM | CHIEF OPERATING OFFICER | 1.00 |
Officer
|
$6,858 | $41,634 | $384,541 |
| MATTHEW MOTKO | EXECUTIVE DIRECTOR | 4.00 |
Officer
|
$16,729 | $32,294 | $199,575 |
| LISA CICCOLELLI | DIRECTOR-HOUSING | 40.00 |
Officer
|
$124,367 | $20,851 | $145,218 |
| ANDREW RIND | EVP-PROGRAM SERVICES | 1.00 |
Key Emp
|
$4,867 | $32,471 | $275,828 |
| DENNIS DAPOLITO | EVP-BUSINESS DEVELOPMENT | 1.00 |
Highest
|
$5,769 | $35,476 | $323,964 |
| LISA LONG | EVP-IT | 1.00 |
Highest
|
$5,603 | $18,087 | $298,221 |
| SWATI ANEJA | EVP-HR | 1.00 |
Highest
|
$5,449 | $23,653 | $296,044 |
| SOMA BAKHTARI | VP-IT | 1.00 |
Highest
|
$4,242 | $32,431 | $244,573 |
| JOHN ANGERER | VP-RISK & COMPLIANCE | 1.00 |
Highest
|
$3,916 | $35,240 | $231,082 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $1,492,441 | $2,372,524 | $7,877,459 | $-880,083 |
| 2023 | $1,527,209 | $2,526,620 | $6,392,695 | $-999,411 |
| 2022 | $693,308 | $2,049,241 | $4,666,831 | $-1,355,933 |
| 2021 | $677,747 | $1,854,612 | $2,665,248 | $-1,176,865 |
| 2020 | $814,396 | $2,199,777 | $2,805,113 | $-1,385,381 |
| 2019 | $1,074,258 | $1,766,782 | $2,677,418 | $-692,524 |
Compare HOMES FOR INDEPENDENCE INC with other nonprofits in Florida and across the country.