The Hearthstone at Hover Crossing (EIN 611623575) - 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

2010

Legal Domicile

Principal Officer

Harold Dominguez

Phone

3036518581

Tax Period

2023-01-01 to 2023-12-31

The Hearthstone at Hover Crossing, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $368K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $524K exceeded revenue, resulting in a 42% operating deficit.

Mission

To provide affordable housing to low income and elderly residents.

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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 $367,452

Investment Income $973

Other Revenue $0

TOTAL REVENUE $368,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,253

Fundraising Expenses $0

Program Expenses $413,834

Other Expenses $427,126

TOTAL EXPENSES $524,379

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,425	$339,249	+0.1%
Expenses	$524,379	$508,564	+0.0%
Net Income	$-155,954	$-169,315	-0.1%

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
Debby Paris	President	2.00	Officer Director	$0	$0	$0
Stephen Morgan	Vice President	2.00	Officer Director	$0	$0	$0
Darrell L Beck Jr	Board Member	2.00	Director	$0	$0	$0
Harold Dominguez	Interim Executive Director	2.00	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	No data	No data	No data	No data
2023	$368,425	$524,379	$6,220,429	$-155,954
2022	$339,249	$508,564	$6,373,873	$-169,315
2021	$329,237	$468,297	$6,540,552	$-139,060
2020	$254,237	$481,545	$6,734,746	$-227,308
2019	$271,468	$510,872	$6,930,669	$-239,404
2018	$276,586	$430,936	$7,132,184	$-154,350

The Hearthstone at Hover Crossing