HOMES FOR AMERICA INC Charity Report

Public IRS 990 nonprofit record

HOMES FOR AMERICA INC

EIN 52-1901220 · Housing Development, Construction & Management (L20)

What they do

PLEASE SEE SCHEDULE O HOMES for AMERICA, INC. WAS INCORPORATED for THE PURPOSE of DEVELOPING and PRESERVING HOUSING for LOW and MODERATE INCOME HOUSEHOLDS and SPECIAL NEEDS POPULATIONS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $87.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders21 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

28.50%of revenue went to mission work87.1% of expenses · Program services

$32.72spent for every $100 of revenueRevenue covered expenses this year.

4.22%of revenue went to management and office costs12.9% of expenses

$9.71in assets for every $1 spent this yearSome assets cannot be spent right away.

16.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $287,750 for DANA JOHNSON (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$15,747,373

Mission workProgram services$4,488,71128.50% of revenue87.1% of expenses

ManagementOffice and general costs$663,8374.22% of revenue12.9% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$10,594,82567.28% of revenueShown in gray on the chart

Total expenses$5,152,54832.72% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 87.1% mission · 12.9% management · 0.0% fundraisingTotal expenses: 32.72% of revenue

2023Expense mix: 90.2% mission · 9.8% management · 0.0% fundraisingTotal expenses: 123.30% of revenue

2022Expense mix: 83.7% mission · 16.3% management · 0.0% fundraisingTotal expenses: 68.32% of revenue

2021Expense mix: 84.0% mission · 16.0% management · 0.0% fundraisingTotal expenses: 43.48% of revenue

2020Expense mix: 87.2% mission · 12.8% management · 0.0% fundraisingTotal expenses: 63.48% of revenue

2019Expense mix: 85.0% mission · 15.0% management · 0.0% fundraisingTotal expenses: 57.61% of revenue

2018Expense mix: 90.2% mission · 9.8% management · 0.0% fundraisingTotal expenses: 83.07% of revenue

2017Expense mix: 88.9% mission · 11.1% management · 0.0% fundraisingTotal expenses: 77.94% of revenue

Money in and money out

Revenue$15,747,373

Expenses$5,152,548

Annual surplus $10,594,825 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$4,488,711 · 87.1% of expenses

Management and office costs$663,837 · 12.9% of expenses

See all reported dollar amounts

Revenue$15,747,373

Expenses$5,152,548

Assets$50,047,130

Income$15,747,373

Contributions$2,561,212

Mission work (program services)$4,488,711

Grants given$5,304,637

Average grant$100,087

Management and general$663,837

Executive compensation (total)$942,173

Stocks and bonds$2,126,318

Accounting fees$72,853

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DANA JOHNSONPRESIDENT & CEO · 40 hrs/week $287,750Base $253,244 · Other $34,506

JOLLY BURKSVICE PRESIDENT & CFO · 40 hrs/week $249,307Base $218,634 · Other $30,673

W ANDREW HANSONVICE PRESIDENT · 40 hrs/week $230,354Base $198,150 · Other $32,204

DENISE FAZIODEVELOPMENT DIRECTOR · 40 hrs/week $194,140Base $165,451 · Other $28,689

JULIE MCCABEVP SERVICE ENHANCED HOUSING · 40 hrs/week $168,405Base $147,818 · Other $20,587

LINDSAY THOMPSONDIRECTOR, DESIGN & CONSTRUCTION · 40 hrs/week $161,243Base $128,946 · Other $32,297

DEEPTHI JAINDEVELOPMENT DIRECTOR · 40 hrs/week $159,780Base $147,649 · Other $12,131

DANIELLE ENGLANDVICE PRESIDENT, PORTFOLIO MANAGEMENT · 40 hrs/week $150,842Base $139,864 · Other $10,978

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (21)

DANA JOHNSONPRESIDENT & CEO

JOLLY BURKSVICE PRESIDENT & CFO

W ANDREW HANSONVICE PRESIDENT

DENISE FAZIODEVELOPMENT DIRECTOR

JULIE MCCABEVP SERVICE ENHANCED HOUSING

LINDSAY THOMPSONDIRECTOR, DESIGN & CONSTRUCTION

DEEPTHI JAINDEVELOPMENT DIRECTOR

DANIELLE ENGLANDVICE PRESIDENT, PORTFOLIO MANAGEMENT

JEFFREY R STERNCHAIRMAN & DIRECTOR

SUSAN FRANKDIRECTOR

SHELLEY MURPHY MCCABEVICE CHAIRMAN & DIRECTOR

SAUL GILSTEINTREASURER & DIRECTOR

PATRICK SHERIDANDIRECTOR

LESSIE POWELL EVANSDIRECTOR

KIMBERLY FRYDIRECTOR

BETHANY HOOPERDIRECTOR (AS OF 2/20/25)

JAMES I HUMPHREY JRDIRECTOR (THRU 12/31/24)

GRAYLIN SMITHDIRECTOR

ERIC BROWNDIRECTOR

ELIZABETH SCOTT GLENDIRECTOR

CHICKIE GRAYSONSECRETARY & DIRECTOR

About this charity

Recognized since: January 1995
Location: 175 ADMIRAL COCHRANE DRIVE STE402, ANNAPOLIS, MD 21401
County: Anne Arundel
In care of: DANA JOHNSON
Primary officer: DANA JOHNSON, PRESIDENT AND CEO

How to reach them

WebsiteVisit the charity’s website Phone(410) 269-1222

Filing and classification

Latest tax year: 2024
Tax period began: April 1, 2024
Return type: 990
Tax preparer: COHNREZNICK ADVISORY LLC
NTEE classification: Housing Development, Construction & Management (L20)
IRS tax category: Housing Development, Construction & Management
Grant-giving organization: Yes