MIGHTY HERO HOME FOUNDATION INC

EIN: 873826552 501(c)(3) Housing & Shelter

MCDONOUGH, GA

Total Revenue
$256,851
Total Expenses
$245,052
Total Assets
$41,718
Net Assets
$41,718
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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
2022
Legal Domicile
GA
Tax Period
2023-01-01 to 2023-12-31

MIGHTY HERO HOME FOUNDATION INC, founded in 2022, is a small nonprofit in the Housing & Shelter sector that reported $257K in total revenue in fiscal year 2023. Expenses of $245K left a modest 5% surplus.

Mission

TO END VETERAN HOMELESSNESS IN THE US BY BUILDING AFFORDABLE, PERMANENT HOMES THROUGHOUT THE NATION EXCLUSIVELY FOR HOMELESS VETERANS. ALSO PROVIDE AMENITIES AND WRAPAROUND SERVICE

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $256,851
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $256,851

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $245,052
Other Expenses $245,052
TOTAL EXPENSES $245,052

Year-over-Year Comparison

2023 2022 Change
Revenue $256,851 $256,851 N/A
Expenses $245,052 $230,163 +0.1%
Net Income $11,799 $26,688 -0.6%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF BERMAN TREASURER 20.00
Officer
$0 $0 $0
LES CAROL SECRETARY 20.00
Officer
$0 $0 $0
DREW WALSTON CEO 60.00
Officer
$0 $0 $0
DEREK LAYNE PARTNER 60.00
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 $256,851 $245,052 $41,718 $11,799
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