ABODE 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

1985

Legal Domicile

Principal Officer

NICOLE MARTINEZ

Phone

5756472800

Tax Period

2023-07-01 to 2024-06-30

ABODE INC, founded in 1985, is a small nonprofit that reported $171K in total revenue in fiscal year 2023.

Mission

ABODE, INC. WAS FORMED AS A SEPARATE BORROWER CORPORATION AS REQUIRED UNDER THE SECTION 202 DIRECT LOAN PROGRAM BY HUD. ITS MISSION IS TO PROVIDE HOUSING FOR THOSE FOR WHOM IT IS DIFFICULT TO OBTAIN AND MAINTAIN HOUSING.

Program Service Accomplishments

Program 1

Expenses: $169,530 Revenue: $111,207

ABODE OPERATES A 15-UNIT GROUP HOME FOR THE CHRONICALLY HOMELESS IN LAS CRUCES, NM. THE HOUSING PROGRAM IS A PROJECT BASED SECTION 8/SECTION 202 PROGRAM OPERATED UNDER THE "HOUSING FIRST" MODEL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $58,522

Program Service Revenue $111,207

Investment Income $270

Other Revenue $709

TOTAL REVENUE $170,708

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $169,530

Other Expenses $184,860

TOTAL EXPENSES $184,860

Year-over-Year Comparison

	2023	2022	Change
Revenue	$170,708	$169,135	+0.0%
Expenses	$184,860	$182,369	+0.0%
Net Income	$-14,152	$-13,234	+0.1%

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

$108,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG BARRON	CHAIR	0.08	Officer Director	$0	$0	$0
REINEE PEACHER	VICE-CHAIR	0.08	Officer Director	$0	$0	$0
JOSH HAMLING	TREASURER	0.08	Officer Director	$0	$0	$0
MATTHEW HOLT	DIRECTOR	0.08	Director	$0	$0	$0
SHAUNNA FOSTER	DIRECTOR	0.08	Director	$0	$0	$0
VALERIE CHRONISTER	DIRECTOR	0.08	Director	$0	$0	$0
NICOLE MARTINEZ	EXECUTIVE DI	7.40	Officer	$0	$0	$108,667

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	No data	No data	No data	No data
2024	$170,708	$184,860	$210,383	$-14,152
2023	$169,135	$182,369	$216,116	$-13,234
2022	$162,716	$180,005	$230,546	$-17,289
2021	$162,534	$167,034	$245,539	$-4,500
2020	$158,903	$163,719	$253,388	$-4,816
2019	$157,789	$159,739	$255,362	$-1,950
2018	$155,356	$157,564	$259,307	$-2,208