PROMISE HOMES AND SERVICES 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

2010

Legal Domicile

Principal Officer

JEFF RISHEL

Tax Period

2023-01-01 to 2023-12-31

PROMISE HOMES AND SERVICES INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $430K in total revenue in fiscal year 2023.

Mission

TO PROVIDE SUPPORTIVE HOUSING FOR THE HOMELESS OR AT RISK OF HOMELESS, INCLUDING FOOD, UTILITIES, INTERNET AND DIRECTION TO LOCAL AGENCIES THAT MIGHT BE ABLE TO ASSIST THEM IN THEIR DAY TO DAY LIFE.

Program Service Accomplishments

Program 1

Expenses: $312,314 Revenue: $430,300

PROVIDE HOUSING, UTILITIES, INTERNET AND BASIC NEEDS TO THE HOMELESS

Program 2

Expenses: $123,986

EMPLOYEES TO SUPPORT THE CLIENTS IN ORDER FOR THE CLIENTS TO KEEP

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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 $430,300

Investment Income $0

Other Revenue $0

TOTAL REVENUE $430,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,986

Fundraising Expenses $0

Program Expenses $436,300

Other Expenses $312,314

TOTAL EXPENSES $436,300

Year-over-Year Comparison

	2023	2022	Change
Revenue	$430,300	$410,944	+0.0%
Expenses	$436,300	$410,226	+0.1%
Net Income	$-6,000	$718	-9.4%

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

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
JEFF RESHEL	DIRECTOR	40	Director	$0	$0	$0
JIM PADILLA	BOARD MEMBER	1	Officer	$0	$0	$0
BRIAUNA RED	BOARD MEMBER	1	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
2023	$430,300	$436,300	$31,497	$-6,000
2022	$410,944	$410,226	$37,497	$718
2021	$400,958	$402,790	$36,779	$-1,832
2020	$428,693	$416,498	$38,611	$12,195
2019	$468,960	$470,671	$26,416	$-1,711
2018	$465,210	$462,946	$28,127	$2,264