JONES MEMORIAL HOMES INC

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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

1962

Legal Domicile

Phone

5106630177

Tax Period

2024-01-01 to 2024-12-31

JONES MEMORIAL HOMES INC, founded in 1962, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2024. The organization ran a surplus of $2.1M, a strong 49% operating margin.

Mission

THE CORPORATION WAS ORGANIZED TO OWN AND OPERATE TWO APARTMENT PROPERTIES FOR THE ELDERLY, HANDICAPPED AND LOW INCOME FAMILIES IN SAN FRANCISCO UNDER SECTIONS 202 & 236 OF THE NATIONAL HOUSING ACT.

Program Service Accomplishments

Program 1

Expenses: $1,701,542

THE CORPORATION WAS ORGANIZED TO OWN AND OPERATE TWO APARTMENT PROPERTIES FOR THE ELDERLY, HANDICAPPED AND LOW INCOME FAMILIES IN SAN FRANCISCO UNDER SECTIONS 202 & 236 OF THE NATIONAL HOUSING ACT.

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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 $0

Program Service Revenue $4,226,542

Investment Income $46,279

Other Revenue $0

TOTAL REVENUE $4,272,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $372,636

Fundraising Expenses $0

Program Expenses $1,701,542

Other Expenses $1,808,242

TOTAL EXPENSES $2,180,878

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,272,821	$4,223,044	+0.0%
Expenses	$2,180,878	$2,179,614	+0.0%
Net Income	$2,091,943	$2,043,430	+0.0%

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

N/A

Employees

N/A

Volunteers

N/A

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
EMMETT COBB	PRESIDENT	2.00	Director	$0	$0	$0
HERMON BROWN	VICE PRESIDENT	2.00	Director	$0	$0	$0
MARVIN NORMAN	SECRETARY	2.00	Director	$0	$0	$0
DEREK TOLIVER	CFO	2.00	Director	$0	$0	$0
ROZELLE LEE	BOARD MEMBER	2.00	Director	$0	$0	$0
CHARLES HARRIS	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES MCCRAY	BOARD MEMBER	2.00	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	$4,272,821	$2,180,878	$19,850,939	$2,091,943
2023	$4,223,044	$2,179,614	$17,822,627	$2,043,430
2022	$3,976,714	$2,091,647	$15,687,554	$1,885,067
2021	$3,924,472	$1,933,246	$13,993,590	$1,991,226
2020	$3,891,662	$1,616,544	$11,996,192	$2,275,118
2019	$3,849,140	$1,456,684	$9,866,945	$2,392,456
2018	$3,840,792	$1,386,274	$7,121,729	$2,454,518