HOMES NOT BORDERS INC

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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

2019

Legal Domicile

Principal Officer

LAURA OSURI

Phone

2029077617

Tax Period

2024-01-01 to 2024-12-31

HOMES NOT BORDERS INC, founded in 2019, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2024.

Mission

HOMES NOT BORDERS HELPS NEWLY RESETTLED REFUGEES THROUGH COLLECTING DONATIONS FOR THEM AND THEN HELPING REFUGEES WITH HOUSEHOLD ITEMS AND FURNISHING, ALONG WITH PROVIDING THE WITH JOB TRAINING IN CARPENTRY AND CAREER MENTORSHIPS FOR CORPORATE JOBS.

Program Service Accomplishments

Program 1

Expenses: $1,553,110 Revenue: $379,693

HOMES NOT BORDERS WAS ESTABLISHED IN JUNE 2019. SINCE THEN, HOMES NOT BORDERS MAIN PROGRAM HAS BEEN TO PROVIDE FURNITURE AND HOUSEHOLD ITEMS TO NEW REFUGEES AND DISPLACED PERSONS IN THE DC AREA UPON RESETTLEMENT. HOMES NOT BORDERS ALSO COLLECTS DONATED FURNITURE AND HOUSEHOLD ITEMS FROM DONORS. ADDITIONALLY, HOMES NOT BORDERS HAD TWO SMALLER PROGRAMS IN ARTISAN EMPOWERMENT (HELPING REFUGEE ARTISANS SELL AND MAKE HOMEGOODS) AND CASH ASSISTANCE FOR THOSE SEEKING CAREER MENTORING.

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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 $1,366,979

Program Service Revenue $379,693

Investment Income $7,626

Other Revenue $23,565

TOTAL REVENUE $1,777,863

Expense Breakdown

Grants Paid $13,600

Salaries & Benefits $520,275

Fundraising Expenses $41,395

Program Expenses $1,553,110

Other Expenses $1,257,337

TOTAL EXPENSES $1,791,212

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,777,863	$1,771,266	+0.0%
Expenses	$1,791,212	$1,849,804	0.0%
Net Income	$-13,349	$-78,538	-0.8%

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

680

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

$65,944

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA OSURI	EXECUTIVE DI	40.00	Officer	$65,944	$0	$65,944
LAUREN CHERRY	TREASURER	N/A	Director	$0	$0	$0
SAMAD SAIFUDIN	BOARD CHAIR	N/A	Director	$0	$0	$0
ADAM ZISSMAN	BOARD SECRET	N/A	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	$1,777,863	$1,791,212	$570,329	$-13,349
2023	$1,771,266	$1,849,804	$614,029	$-78,538
2022	$1,872,121	$2,052,734	$655,160	$-180,613
2021	$1,309,969	$641,452	$704,265	$668,517
2021	$1,309,969	$641,452	$704,265	$668,517