Redemption Home 1 Inc

EIN: 931982618 501(c)(3) Human Services

Orlando, FL

Total Revenue
$951,353
Total Expenses
$911,773
Total Assets
$70,373
Net Assets
$63,667
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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
2023
Legal Domicile
FL
Principal Officer
Frankie Ford
Phone
4077195796
Tax Period
2024-01-01 to 2024-12-31

Redemption Home 1 Inc, founded in 2023, is a small nonprofit in the Human Services sector that reported $951K in total revenue in fiscal year 2024. Revenue surged 399% from the prior year, signaling strong growth momentum. Expenses of $912K left a modest 4% surplus.

Mission

House teens to overcome challenges and achieve their goals while providing them with the tools and resourses they need to lead fulfilling lives

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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 (2024)

Revenue Breakdown

Contributions & Grants $951,201
Program Service Revenue $0
Investment Income $152
Other Revenue $0
TOTAL REVENUE $951,353

Expense Breakdown

Grants Paid $0
Salaries & Benefits $508,464
Fundraising Expenses $0
Program Expenses $911,773
Other Expenses $403,309
TOTAL EXPENSES $911,773

Year-over-Year Comparison

2024 2023 Change
Revenue $951,353 $190,608 +4.0%
Expenses $911,773 $166,521 +4.5%
Net Income $39,580 $24,087 +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
6
Independent Members
6
Employees
22
Volunteers
5

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
2
$0
Total Directors
5
$132,684
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ashley Bernetta 1.00
Director
$0 $0 $0
Dalmane Gray 40.00
Director
$47,042 $0 $47,042
Frankie Ford 40.00
Director
$48,177 $0 $48,177
James Marcus 40.00
Director
$37,465 $0 $37,465
Lorna Gray 1.00
Officer
$0 $0 $0
Stacey Wilson 5.00
Officer 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 $951,353 $911,773 $70,373 $39,580
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