Homestead, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOMESTEAD COMMUNITY HEALTH CENTER INC, founded in 2020, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $2.2M exceeded revenue, resulting in a 28% operating deficit.
THE CLINIC WILL PROVIDE COMPREHENSIVE PREVENTIVE AND PRIMARY HEALTH SERVICES ACCESSIBLE TO THE MEDICALLY UNDERSERVED AND VULNERABLE RESIDENTS OF THE HOMESTEAD FLORIDA AND THE SURROUNDING AREAS, REGARDLESS OF THE INDIVIDUALS OR FAMILY ABILITY TO PAY.
Homestead Community Health Center, Inc. desires to open a health care clinic (clinic) in Homestead, Florida for which it expects to receive designation from the United States Health Resources and...
Homestead Community Health Center, Inc. desires to open a health care clinic (clinic) in Homestead, Florida for which it expects to receive designation from the United States Health Resources and Services Administration to operate as a Federally qualified Health Center Look-Alike as defined under section 1861 (AA)(4)(B) of the Social Security Act. The clinic will provide comprehensive preventive and primary health services accessible to the medically underserved and vulnerable residents of the homestead Florida AND THE surrounding areas, regardless of the individuals or family ability to pay.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,687,697 | $1,557,066 | +0.1% |
| Expenses | $2,160,339 | $1,764,920 | +0.2% |
| Net Income | $-472,642 | $-207,854 | +1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Barbara Gallo | Executive Director | 40.0 |
Officer
|
$94,280 | $0 | $94,280 |
| Reverend William L Chambers | CHAIRPERSON | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| KENNETH R SPELL | CEO | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| GEORGE E CADMAN III | SECRETARY/TREASURER | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Javier Morejon | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Tamu Fourie | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Oscar Loynaz | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| Leif Gunderson | Board Member | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,687,697 | $2,160,339 | $1,266,699 | $-472,642 |
| 2023 | $1,557,066 | $1,764,920 | $1,739,341 | $-207,854 |
| 2022 | $1,557,934 | $1,474,977 | $1,942,294 | $82,957 |
| 2021 | $2,025,495 | $166,208 | $1,859,337 | $1,859,287 |
Compare HOMESTEAD COMMUNITY HEALTH CENTER INC with other nonprofits in Florida and across the country.