HOMESTEAD STATION QALICB INC (EIN 825010118) - 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

2018

Legal Domicile

Principal Officer

GEMMA TORCIVIA

Phone

5616026222

Tax Period

2024-07-01 to 2025-06-30

HOMESTEAD STATION QALICB INC, founded in 2018, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $821K in total revenue in fiscal year 2024. Expenses of $1.4M exceeded revenue, resulting in a 71% operating deficit.

Mission

TO SUPPORT THE CITY OF HOMESTEAD BY ESTABLISHING A MIXED-USE FACILITY IN HOMESTEAD, FLORIDA.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $821,183

TOTAL REVENUE $821,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,404,655

Other Expenses $1,404,655

TOTAL EXPENSES $1,404,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$821,183	$821,808	0.0%
Expenses	$1,404,655	$1,394,649	+0.0%
Net Income	$-583,472	$-572,841	+0.0%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
CARLOS PEREZ	DIRECTOR	Director	$0	$0	$0
KEMARR BROWN	DIRECTOR	Director	$0	$0	$0
BABETTE FRIEDMAN	DIRECTOR	Director	$0	$0	$0
TOM JONES	DIRECTOR	Director	$0	$0	$0
YVONNE KNOWLES	DIRECTOR	Director	$0	$0	$0
GEMMA TORCIVIA	EXECUTIVE DIRECTOR	Officer 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
2025	$821,183	$1,404,655	$33,090,632	$-583,472
2024	$821,808	$1,394,649	$33,604,300	$-572,841
2023	$797,095	$1,392,908	$33,928,124	$-595,813
2022	$803,559	$1,379,396	$34,308,515	$-575,837
2021	No data	$1,344,256	$34,172,244	No data
2020	No data	$172,306	$35,168,807	No data

HOMESTEAD STATION QALICB INC