HOMES OF LOVE INC (EIN 621852652) - 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

2001

Legal Domicile

Principal Officer

GARY CHESNEY

Phone

8656604048

Tax Period

2025-01-01 to 2025-06-30

HOMES OF LOVE INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $382K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring.

Mission

ESTABLISHES AND MAINTAINS SMALL, PERMANENT, FAMILY STRUCTURED HOMES FOR ORPHANED AND AT-RISK CHILDREN IN CAMBODIA, VIETNAM, AND ZIMBABWE. HOMES OF LOVE, INC. IS COMMITTED TO PROVIDING LONG-TERM CARE TO THESE CHILDREN EMOTIONALLY, PHYSICALLY, EDUCATIONALLY AND SPIRITUALLY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $380,883

Program Service Revenue $0

Investment Income $1,564

Other Revenue $0

TOTAL REVENUE $382,447

Expense Breakdown

Grants Paid $206,904

Salaries & Benefits $106,009

Fundraising Expenses $73,479

Program Expenses $270,297

Other Expenses $91,853

TOTAL EXPENSES $404,766

Year-over-Year Comparison

	2024	2023	Change
Revenue	$382,447	$633,481	-0.4%
Expenses	$404,766	$810,832	-0.5%
Net Income	$-22,319	$-177,351	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM BASCH	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE BELL	DIRECTOR	1.00	Director	$0	$0	$0
GARY CHESNEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY DENNING	DIRECTOR	1.00	Director	$0	$0	$0
VERONICA DOUGLASS	DIRECTOR	1.00	Director	$0	$0	$0
JANET ENGLAND	DIRECTOR	1.00	Director	$0	$0	$0
MORGAN GOINS	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW LOY	DIRECTOR	1.00	Director	$0	$0	$0
BILL PARK	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
DEBBIE CHESNEY	EXECUTIVE DI	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
2025	$382,447	$404,766	$315,372	$-22,319
2024	No data	No data	No data	No data
2023	$748,588	$725,271	$549,136	$23,317
2022	$681,406	$694,780	$555,713	$-13,374
2021	$670,484	$585,280	$437,130	$85,204
2020	$591,312	$523,167	$340,995	$68,145
2019	$578,871	$560,584	$272,561	$18,287
2018	$525,246	$517,237	$254,263	$8,009

HOMES OF LOVE INC