The Homing Project (EIN 872151738) - 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

2021

Legal Domicile

Principal Officer

J Kristin Olson-Garewal MD

Phone

5209908054

Tax Period

2024-08-01 to 2025-07-31

The Homing Project, founded in 2021, is a small nonprofit in the Human Services sector that reported $215K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $180K, a strong 84% operating margin.

Mission

To provide immediate residence and onsite or referral services to those who are unhoused in order to bridge the current economic and social gaps separating them from safe and dignified living

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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 $213,799

Program Service Revenue $0

Investment Income $0

Other Revenue $1,126

TOTAL REVENUE $214,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,728

Program Expenses $21,625

Other Expenses $30,564

TOTAL EXPENSES $35,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$214,925	$271,645	-0.2%
Expenses	$35,364	$204,610	-0.8%
Net Income	$179,561	$67,035	+1.7%

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

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kristin Davis	President	15.00	Officer Director	$0	$0	$0
Joan Hall	Treasurer	15.00	Officer Director	$0	$0	$0
Rev Rodney Quainton BA MBA MDiv	Secretary	10.00	Officer Director	$0	$0	$0
Susan Cordts	Director	2.00	Director	$0	$0	$0
Yolanda Sethi BA MSW	Director	15.00	Director	$0	$0	$0
Fernando Cardenas	Director	2.00	Director	$0	$0	$0
Nanci J Priest AM MATS LCSW	Director	10.00	Director	$0	$0	$0
Janin Struminger	Director	10.00	Director	$0	$0	$0
J Kristin Olson-Garewal MD	CEO	40.00	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
2025	$214,925	$35,364	$653,708	$179,561
2024	$271,645	$204,610	$450,349	$67,035
2023	$480,538	$176,818	$533,829	$303,720

The Homing Project