HOMESTEAD COMMUNITY LAND TRUST (EIN 911565651) - 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

1992

Legal Domicile

Principal Officer

KATHLEEN HOSFELD

Phone

2063231227

Tax Period

2024-01-01 to 2024-12-31

HOMESTEAD COMMUNITY LAND TRUST, founded in 1992, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.7M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $11.0M left a modest 6% surplus.

Mission

HOUSING JUSTICE, CLIMATE EQUITY THROUGH AFFORDABLE, SUSTAINABLE HOMEOWNERSHIP

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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 $1,828,099

Program Service Revenue $8,437,333

Investment Income $739,592

Other Revenue $665,299

TOTAL REVENUE $11,670,323

Expense Breakdown

Grants Paid $288,889

Salaries & Benefits $1,457,343

Fundraising Expenses $261,414

Program Expenses $10,304,340

Other Expenses $9,237,755

TOTAL EXPENSES $10,983,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,670,323	$22,126,975	-0.5%
Expenses	$10,983,987	$3,777,581	+1.9%
Net Income	$686,336	$18,349,394	-1.0%

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

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

$319,333

Total Directors

$141,008

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN HOSFELD	EXECUTIVE DIRECTOR	60.00	Officer	$168,208	$10,117	$178,325
MARTINA JAMBRICHOVA	FINANCE DIRECTOR	36.00	Officer Director	$127,072	$13,936	$141,008
ERIC PRAVITZ	DIRECTOR OF REAL ESTATE DEVELOPMENT	40.00	Highest	$105,911	$8,707	$114,618
CHERYL JACKSON WILLIAMS	BOARD PRESIDENT	3.00	Officer Director	$0	$0	$0
PEARL NELSON	BOARD VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
CHANTE HOUSTON	BOARD SECRETARY	3.00	Officer Director	$0	$0	$0
JANELLE ROTHFOLK	BOARD SECRETARY (THRU 02/2024)	3.00	Officer Director	$0	$0	$0
KEVIN SKINNER	BOARD TREASURER	3.00	Officer Director	$0	$0	$0
CHANDLER GAYTON	BOARD MEMBER (THRU 08/2024)	3.00	Director	$0	$0	$0
EILEEN FRANZ	BOARD MEMBER (THRU 07/2024)	3.00	Director	$0	$0	$0
SHAVON JONES	BOARD MEMBER	3.00	Director	$0	$0	$0
REBECCA LANE	BOARD MEMBER (THRU 01/2024)	3.00	Director	$0	$0	$0
FRANK ELIZONDO-ALCALA	BOARD MEMBER	3.00	Director	$0	$0	$0
SUSAN ZEMAN	BOARD MEMBER (THRU 01/2024)	3.00	Director	$0	$0	$0
RACHEL FABER MACHACHA	BOARD MEMBER	3.00	Director	$0	$0	$0
ROBERT LAING	BOARD MEMBER	3.00	Director	$0	$0	$0
JARROD KLUK	BOARD MEMBER	3.00	Director	$0	$0	$0
JULIA JANNON SHIELDS	BOARD MEMBER	3.00	Director	$0	$0	$0
BRIAN NEVILLE	BOARD MEMBER	3.00	Director	$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	$11,670,323	$10,983,987	$50,664,783	$686,336
2023	$22,126,975	$3,777,581	$50,235,057	$18,349,394
2022	$11,061,346	$10,945,680	$24,071,925	$115,666
2021	$6,114,332	$6,612,774	$27,329,923	$-498,442
2020	$1,337,968	$823,640	$24,239,411	$514,328
2019	$1,522,033	$679,182	$16,161,237	$842,851
2018	$915,455	$1,486,419	$14,564,764	$-570,964

HOMESTEAD COMMUNITY LAND TRUST