HOMEWISE INC (EIN 850346325) - 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

1986

Legal Domicile

Principal Officer

DANIEL SLAVIN

Phone

5059839473

Tax Period

2024-04-01 to 2025-03-31

HOMEWISE INC, founded in 1986, is a mid-sized nonprofit that reported $54.4M in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28.3M, a strong 52% operating margin.

Mission

THE HOMEWISE MISSION IS TO HELP CREATE SUCCESSFUL HOMEOWNERS AND STRENGTHEN NEIGHBORHOODS SO THAT INDIVIDUALS AND FAMILIES CAN IMPROVE THEIR LONG-TERM FINANCIAL WELL-BEING AND QUALITY OF LIFE.

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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 $32,282,791

Program Service Revenue $19,885,980

Investment Income $671,186

Other Revenue $1,520,988

TOTAL REVENUE $54,360,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,413,748

Fundraising Expenses $1,371,877

Program Expenses $20,731,807

Other Expenses $14,612,102

TOTAL EXPENSES $26,072,850

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,360,945	$30,491,914	+0.8%
Expenses	$26,072,850	$24,045,320	+0.1%
Net Income	$28,288,095	$6,446,594	+3.4%

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

128

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

$1,370,090

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARISSA RUYLE	CHAIR	5.00	Officer Director	$0	$0	$0
SHELLE VANETTEN DE SANCHEZ	VICE CHAIR AND SECRETARY	2.50	Officer Director	$0	$0	$0
AMANDA KOCON	TREASURER	2.50	Officer Director	$0	$0	$0
JOSEPH KUNKEL	BOARD MEMBER	1.50	Director	$0	$0	$0
AGNES NOONAN	BOARD MEMBER	1.50	Director	$0	$0	$0
MONIQUE FRAGUA	BOARD MEMBER	1.50	Director	$0	$0	$0
BIANCA ORTIZ WERTHEIM	BOARD MEMBER	1.50	Director	$0	$0	$0
JOSUE OLIVARES	BOARD MEMBER	1.50	Director	$0	$0	$0
SEAN HARRIS	BOARD MEMBER	1.50	Director	$0	$0	$0
ALEX MONTANO	BOARD MEMBER	1.50	Director	$0	$0	$0
JAY NEWTON-SMALL	BOARD MEMBER	1.50	Director	$0	$0	$0
MICHAEL LOFTIN	CEO	40.00	Officer	$274,079	$35,303	$309,382
DANIEL SLAVIN	CFO	40.00	Officer	$211,820	$22,897	$234,717
ELENA GONZALES	COO	40.00	Officer	$209,782	$24,166	$233,948
JOHANNA GILLIGAN	DEPUTY CHIEF EXECUTIVE OFFICER	40.00	Officer	$201,985	$35,965	$237,950
RATHI CASEY	CHIEF CREATIVE OFFICER	40.00	Officer	$180,776	$13,292	$194,068
LISA HUVAL	CHIEF GOVERNMENT AFFAIRS OFFICER	40.00	Officer	$150,776	$9,249	$160,025
EUGENIO CHAVEZ	REAL ESTATE DEVELOPMENT PROJECT DIRECTOR	40.00	Highest	$138,928	$18,498	$157,426
GINA SMYER	LOAN CLOSING & SERVICING DIRECTOR	40.00	Highest	$133,398	$13,975	$147,373
AMBROSE PENA	QUALIFYING BROKER	40.00	Highest	$131,111	$30,212	$161,323
ALEXANDER CARLSEN	IT DIRECTOR	40.00	Highest	$125,908	$9,353	$135,261
SHANTI LONG	CONTROLLER	40.00	Highest	$117,214	$22,354	$139,568

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	$54,360,945	$26,072,850	$287,708,931	$28,288,095
2024	$30,491,914	$24,045,320	$241,933,592	$6,446,594
2023	$25,177,959	$21,731,830	$228,547,267	$3,446,129
2022	$27,730,929	$20,763,471	$208,179,950	$6,967,458
2021	$34,354,003	$21,056,001	$177,334,515	$13,298,002
2020	$20,146,483	$15,940,209	$152,988,839	$4,206,274
2019	$22,356,520	$17,301,271	$142,258,807	$5,055,249

HOMEWISE INC