Homes With Hope Inc

EIN: 030496934 501(c)(3) Human Services

Houston, TX

Total Revenue
$386,833
Total Expenses
$423,383
Total Assets
$510,081
Net Assets
$492,046
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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
2002
Legal Domicile
TX
Principal Officer
Rick Strange
Tax Period
2023-01-01 to 2023-12-31

Homes With Hope Inc, founded in 2002, is a small nonprofit in the Human Services sector that reported $387K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring.

Mission

The mission of Homes With Hope is to care for abused and neglected children by placing at risk children identified by the state into licensed and trained foster families. The organization also assists those families desiring adoption.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $61,680
Program Service Revenue $318,133
Investment Income $7,020
Other Revenue $0
TOTAL REVENUE $386,833

Expense Breakdown

Grants Paid $155,583
Salaries & Benefits $225,347
Fundraising Expenses $9,461
Program Expenses $373,773
Other Expenses $42,453
TOTAL EXPENSES $423,383

Year-over-Year Comparison

2023 2022 Change
Revenue $386,833 $635,551 -0.4%
Expenses $423,383 $556,574 -0.2%
Net Income $-36,550 $78,977 -1.5%
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

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Governance

Voting Members
6
Independent Members
5
Employees
6
Volunteers
50

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
5
$88,250
Total Directors
6
$88,250
Key Employees
1
$88,250
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rick Strange Executive Director 45.00
Officer Director Key Emp Highest
$84,167 $4,083 $88,250
Esther Dunn Board Member 2.00
Director
$0 $0 $0
Nathan Kvinge Board Secretary 4.00
Officer Director
$0 $0 $0
Larry Snyder Board Treasurer 4.00
Officer Director
$0 $0 $0
Steve Smith Board Chair 4.00
Officer Director
$0 $0 $0
Stephen Huey Board Vice-Chair 2.00
Officer 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 No data No data No data No data
2023 $386,833 $423,383 $510,081 $-36,550
2022 $635,551 $556,574 $566,478 $78,977
2021 $546,127 $464,934 $533,143 $81,193
2020 $512,132 $496,592 $442,032 $15,540
2019 $608,608 $577,654 $385,797 $30,954
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