Housing & Shelter
(L40)
990 on File
FIRST STEP - FLORENCE SOLUTIONS FOR HOUSING SECURITY
Financial strength (30%)
76/100
Reliability (20%)
40/100
Effectiveness (25%)
41/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$87K
Total Revenue
$84K
Total Expenses
$309K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
55.5%
Fundraising Efficiency
0.0%
Operating Reserve
44.14x
Liability-to-Asset
1.1%
Revenue Diversification
84.9%
Compared with Peers
FY 2024
Compared with 2,316 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
|
55.5% | 84.3% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 19.5% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
44.1 mo | 35.8 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
|
84.9% | 99.8% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
129.7% | 1.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
35.6% | -1.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
3.4% | 9.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $87K | $84K | $309K | 55.5% | — |
| 2023 | $38K | $62K | $296K | 72.6% | — |
| 2022 | $52K | $63K | $0 | 0.0% | 2 |
| 2021 | $55K | $59K | $338K | 0.0% | 2 |
| 2020 | $80K | $21K | $312K | 0.0% | 1 |
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