Housing & Shelter
(L20)
990 on File
PASSAVANT MEMORIAL HOMES HOUSING INITIATIVE NO 1 INC
Financial strength (30%)
89/100
Reliability (20%)
55/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$62K
Total Revenue
$76K
Total Expenses
$423K
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
88.1%
Fundraising Efficiency
N/A
Operating Reserve
66.63x
Liability-to-Asset
1.1%
Revenue Diversification
99.9%
Compared with Peers
FY 2024
Compared with 2,317 similar organizations
(United States, Housing & Shelter, under $100K in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
88.1% | 84.4% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.9% | 14.2% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
66.6 mo | 35.6 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.1% | 3.2% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.9% | 99.8% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-0.1% | 1.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-13.5% | -1.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-22.0% | 9.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $62K | $76K | $423K | 88.1% | 0 |
| 2023 | $62K | $88K | $437K | 93.8% | 0 |
| 2022 | $62K | $59K | $462K | 90.2% | 0 |
| 2021 | $63K | $53K | N/A | — | 0 |
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