SERENITY HOMES

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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

2021

Legal Domicile

Principal Officer

Michelle Jennings

Phone

5079231406

Tax Period

2023-01-01 to 2023-12-31

SERENITY HOMES, founded in 2021, is a small nonprofit in the Human Services sector that reported $328K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $248K, a strong 76% operating margin.

Mission

To secure and/or transform distressed housing into energy efficient, sustainable, accessible housing for individuals experiencing homelessness that is connected and free from discrimination and financially viable over the long term.

Program Service Accomplishments

Program 1

Expenses: $340,797

We provided Room and board, 3 meals a day plus snacks to 21 people daily for the entire year. We provided housing to 8 additional people for the entire year for a total of 29 people helped daily.

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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 $327,799

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $327,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,752

Fundraising Expenses $0

Program Expenses $340,797

Other Expenses $2,983

TOTAL EXPENSES $79,735

Year-over-Year Comparison

	2023	2022	Change
Revenue	$327,799	$271,980	+0.2%
Expenses	$79,735	$271,980	-0.7%
Net Income	$248,064	$0	N/A

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

N/A

Employees

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

$71,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michelle Jennings	Director	40.00	Officer Highest	$49,500	$0	$49,500
Brian Jennings	Executive Director	20.00	Officer	$22,000	$0	$22,000
Amanda Finck	Secretary	0.00	Officer	$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	No data	No data	No data	No data
2023	$327,799	$79,735	No data	$248,064
2022	$271,980	$271,980	No data	No data