Homes for Islanders

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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

2000

Legal Domicile

Principal Officer

Bill Gendron

Phone

3602984513

Tax Period

2024-10-01 to 2025-09-30

Homes for Islanders, founded in 2000, is a micro nonprofit in the Housing & Shelter sector that reported $20K in total revenue in fiscal year 2024. Expenses of $32K exceeded revenue, resulting in a 56% operating deficit.

Mission

Improve the living conditions of local, San Juan County families and help provide housing for people at or below 80% of the county median income by coordinating and providing technical and supervisory assistance during home construction in designated areas.

Program Service Accomplishments

Program 1

Coordinates and provides technical support and supervisory assistance to San Juan County families during the construction of their own homes and administers the loans received by the individual...

Coordinates and provides technical support and supervisory assistance to San Juan County families during the construction of their own homes and administers the loans received by the individual families from the United States Department of Agriculture (USDA) to acquire land and construct their own homes. In FY23, the organization secured land for its next construction project. New operations were ceased while pursuing the new land and managing the existing properties. During FY24, the organization began renting one of its properties while trying to determine the future direction of the organization. The organization is managed by the board of directors while keeping operating costs minimal.

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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 $4,564

Program Service Revenue $0

Investment Income $7,550

Other Revenue $8,158

TOTAL REVENUE $20,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $31,544

TOTAL EXPENSES $31,544

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,272	$19,295	+0.1%
Expenses	$31,544	$31,316	+0.0%
Net Income	$-11,272	$-12,021	-0.1%

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

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
Dean Riley	President	2.00	Officer Director	$0	$0	$0
Robert Bullock	Vice President	1.00	Officer Director	$0	$0	$0
Jim Miles	Treasurer	1.00	Officer Director	$0	$0	$0
Tim Dwyer	Secretary	1.00	Officer Director	$0	$0	$0
Colin Huntemer	Director	1.00	Director	$0	$0	$0
Randy Gilliland	Director	1.00	Director	$0	$0	$0
Gary Franklin	Director	1.00	Director	$0	$0	$0
Bill Gendron	Director	3.00	Director	$0	$0	$0
Justin Roche	Director	1.00	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
2025	$20,272	$31,544	$2,208,758	$-11,272
2024	$19,295	$31,316	$2,220,030	$-12,021
2023	$997	$13,903	$2,232,051	$-12,906
2022	$180,402	$72,428	$2,245,519	$107,974
2021	$577,926	$465,922	$2,376,458	$112,004
2020	$549,588	$529,225	$2,745,289	$20,363
2019	$877,887	$495,917	$2,530,037	$381,970
2018	$323,605	$442,621	$2,530,643	$-119,016