Homeless No More Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Phone

2132513400

Tax Period

2023-01-01 to 2023-12-31

Homeless No More Inc, founded in 1997, is a small nonprofit in the Human Services sector that reported $175K in total revenue in fiscal year 2023. Expenses of $276K exceeded revenue, resulting in a 57% operating deficit.

Mission

Low Income Housing for Disabled Mothers

Program Service Accomplishments

Program 1

Expenses: $251,490 Revenue: $69,305

Homeless No More Inc. provides low income housing under section 811 of the Cranston-Gonzales National Affordable Housing Act. The units for the project are available for rent to disabled women...

Homeless No More Inc. provides low income housing under section 811 of the Cranston-Gonzales National Affordable Housing Act. The units for the project are available for rent to disabled women, including mothers with children, with earnings 50% or less of the area's median income as determined by HUD.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $173,274

Investment Income $2,034

Other Revenue $0

TOTAL REVENUE $175,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $251,490

Other Expenses $275,856

TOTAL EXPENSES $275,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$175,308	$179,051	0.0%
Expenses	$275,856	$274,901	+0.0%
Net Income	$-100,548	$-95,850	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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
Lorri Perreault	Director	1.00	Director	$0	$0	$0
Maureen Binder	President	2.00	Officer	$0	$0	$0
Dan O'Brien	Treasurer	4.00	Officer	$0	$0	$0
Alexandria Arnold	Secretary	1.00	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	$175,308	$275,856	$584,363	$-100,548
2022	$179,051	$274,901	$620,805	$-95,850
2021	$176,972	$271,671	$702,418	$-94,699
2020	$190,245	$270,818	$816,314	$-80,573
2019	$184,339	$288,352	$859,543	$-104,013
2018	$183,107	$215,151	$943,544	$-32,044