HOME PLACE OF TEXAS

EIN: 760652250 501(c)(3) Recreation & Sports

SPRING, TX

Total Revenue
$818,850
Total Expenses
$711,745
Total Assets
$805,670
Net Assets
$804,525
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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
2002
Legal Domicile
TX
Principal Officer
KIMBERLY DEGNAN
Phone
2812571004
Tax Period
2023-01-01 to 2023-12-31

HOME PLACE OF TEXAS, founded in 2002, is a small nonprofit in the Recreation & Sports sector that reported $819K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $712K left a modest 13% surplus.

Mission

HOME PLACE OF TEXAS IS A NON-DENOMINATIONAL CHRIST-CENTERED COMMUNITY FOR ADULTS WITH DISABILITIES. THE ORGANIZATION PROVIDES RESIDENTIAL SERVICES (PROGRAM ENDED SEPT 2019), DAY HABILITATION SERVICES, BIBLE STUDY, IMPROVEMENT OF LIFE SKILLS AND JOB SKILLS, AND RECREATION. OUR MISSION IS TO TEACH ADULTS WITH DISABILITIES THAT GOD LOVES THEM AND HAS A PLAN FOR THEM - A PLAN FOR GOOD. OUR GOAL IS THAT PARTICIPANTS WILL COME TO UNDERSTAND THAT THEY ARE WONDERFULLY MADE IN THE IMAGE OF GOD. OUR AIM IS FOR PARTICIPANTS TO BECOME MORE INDEPENDENT AND MATURE ADUTS AND GIVE BACK TO THE COMMUNITY WHERE THEY LIVE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $124,850
Program Service Revenue $627,359
Investment Income $6,531
Other Revenue $60,110
TOTAL REVENUE $818,850

Expense Breakdown

Grants Paid $0
Salaries & Benefits $449,153
Fundraising Expenses $0
Program Expenses $600,580
Other Expenses $262,592
TOTAL EXPENSES $711,745

Year-over-Year Comparison

2023 2022 Change
Revenue $818,850 $673,442 +0.2%
Expenses $711,745 $667,984 +0.1%
Net Income $107,105 $5,458 +18.6%
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

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Governance

Voting Members
4
Independent Members
4
Employees
10
Volunteers
5

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
0
$0
Total Directors
5
$66,461
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY DEGNAN EXECUTIVE DI 45.00
Director
$66,461 $0 $66,461
BEVERLY J NEITZEL BA SECRETARY 0.10
Director
$0 $0 $0
LAURA BOMER DIRECTOR 0.10
Director
$0 $0 $0
DAVID M BUTLER MBA TREASURER 0.10
Director
$0 $0 $0
MARILYN BUTLER PHD CHAIRMAN 0.10
Director
$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 $818,850 $711,745 $805,670 $107,105
2022 $673,442 $667,984 $699,763 $5,458
2021 $627,926 $605,401 $691,653 $22,525
2020 $454,764 $520,676 $589,842 $-65,912
2019 $634,946 $629,145 $615,162 $5,801
2018 $636,043 $552,278 $608,054 $83,765
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