KATE'S HOUSE FOUNDATION

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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

2017

Legal Domicile

Phone

2067435649

Tax Period

2024-01-01 to 2024-12-31

KATE'S HOUSE FOUNDATION, founded in 2017, is a small nonprofit in the Crime & Legal sector that reported $826K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $190K, a strong 23% operating margin.

Mission

Mission statement: We provide safe, tranquil and secure shared housing in nice neighborhoods for people in recovery from addiction and mental health issues. We are MAT (medically assisted treatment) accredited homes. Our clients are treated with kindness, respect and support to help with ongoing recovery, employment and family reunification. We welcome people from the justice system as well as anyone with a commitment to recovery. Vision: Frank and Sherri envision a world where every person has a safe place to live and recover. We do not believe people are disposable. The "15 minute and your out" rule does not exist in Kate's House. We find solutions for people.

Program Service Accomplishments

Program 1

Expenses: $433,818 Revenue: $433,818

Housing and occupancy for 225 men and women with substance use disorder in 2024. We added one new home and filled it with veterans with co-occurring disorders. It is handicap accessible.

Program 2

Expenses: $0 Revenue: $0

Continued to obtain data at entry, 45 days, 90 days and 180 days for all residents for the ARMs program. We are identifying the relationship between quality, monitored recovery housing and outcomes...

Program 3

Expenses: $90,000 Revenue: $90,000

Provided free room and board for house managers. Provided weekly meetings to encourage and train house managers on conflict resolution, communication skills and peer support. Housed 250 people over the year, providing room, supplies, utilities, clothing, peer support, transportation, weekly meetings with their counselors. Our house leads provided volunteer support for the following programs: Food support, volunteered for community groups that pack food packages for Thanksgiving and Christmas and packed back packs for underprivileged children.

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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 $116,691

Program Service Revenue $709,205

Investment Income $0

Other Revenue $0

TOTAL REVENUE $825,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,717

Fundraising Expenses $0

Program Expenses $578,318

Other Expenses $568,300

TOTAL EXPENSES $636,017

Year-over-Year Comparison

	2024	2023	Change
Revenue	$825,896	$616,568	+0.3%
Expenses	$636,017	$567,473	+0.1%
Net Income	$189,879	$49,095	+2.9%

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

$54,975

Key Employees

$40,797

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomera Revais	Director of Community Development	32	Director Key Emp	$29,975	$0	$29,975
Errica Chesterfield	Director and Key Consultant	20	Director	$25,000	$0	$25,000
Rick Veersteeg	10	0	Key Emp	$6,925	$0	$6,925
Robert Cox	General Contractor	5	Key Emp	$3,897	$0	$3,897
Frank Candelario	President and Director	35	Officer Director	$0	$0	$0
Sherri Candelario PhD	Secretary and Director	35	Officer Director	$0	$0	$0
Kate Turley	Outside Expert on SUD with Lived Experience	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	$825,896	$636,017	$337,376	$189,879
2023	$616,568	$567,473	$131,404	$49,095
2022	$424,655	$412,231	$82,309	$12,424
2020	$45,149	$26,375	No data	$18,774
2019	$34,834	$27,144	No data	$7,690
2019	$196,834	$27,144	No data	$169,690