PROJECT HOPE THE NEW DIRECTION

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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

1997

Legal Domicile

Principal Officer

Kenneth Jovin

Phone

7184121837

Tax Period

2020-07-01 to 2021-06-30

PROJECT HOPE THE NEW DIRECTION, founded in 1997, is a micro nonprofit that reported $32K in total revenue in fiscal year 2020.

Mission

Who are we? Project Hopes mission is to help young people living in poverty in NYC develop their strengths, skills, talents and competencies through effective experiential learning, youth development principles and work programs to prepare them for todays economy. Our vision is that young people who grow up in the neighborhoods we serve should have the same opportunities as young people who grow up in well-resourced neighborhoods. For us, a good life means that as an adult, you can answer yes to these three questions: Are you happy? Do you feel motivated? Have you been able to make real choices about the course of your life?

Program Service Accomplishments

Program 1

Expenses: $23,000 Revenue: $0

NYC Dept. of Youth & Community Development-Underwritten; staff to administer program and provide direct services to 120 youth at Benjamin Franklin HS and IS 109 in Southeast Queens, NY The Youth...

NYC Dept. of Youth & Community Development-Underwritten; staff to administer program and provide direct services to 120 youth at Benjamin Franklin HS and IS 109 in Southeast Queens, NY The Youth Leadership & Career Pathway (YLCP) model is career and post-education driven; it will consist of an extensive intake process & case management services, and referrals & activities will be based on each clients assessment needs. The project will focus on (4) four main areas: 1. helping clients prepare for and cope with H.S. & post-education transitions 2. helping clients alleviate barriers to graduation & academic success 3. helping clients identify and prepare for post-education & career pathways and 4. helping clients build positive behavioral/social skills. Clients had access to: 1. customized educational support, 2. supportive services and 3. YLCP work-force development (WFD) workshop sessions geared toward meeting each participants social needs and developing their behavioral/job-readiness skills to prepare them for todays employment market. YLCP was based on youth development principles. Students in our YLCP were afforded tutoring, homework help, counseling, therapy & referrals to support their PATHWAY objectives & goals and was able to participate in PATHWAYS geared to their career and post-education interests.

Program 2

Expenses: $5,000 Revenue: $0

Colgate-Underwritten; program supplies, office supplies , program media & promotions, snacks & refreshments, program & office equipment, payroll fees, communication subscriptions, accounting...

Colgate-Underwritten; program supplies, office supplies , program media & promotions, snacks & refreshments, program & office equipment, payroll fees, communication subscriptions, accounting subscriptions, etc.

Program 3

Expenses: $2,378 Revenue: $0

Community donation toward program functions

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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%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $31,905

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $31,905

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,776

Fundraising Expenses $0

Program Expenses $30,378

Other Expenses $6,863

TOTAL EXPENSES $31,639

Year-over-Year Comparison

	2020	2019	Change
Revenue	$31,905	$31,468	+0.0%
Expenses	$31,639	$32,815	0.0%
Net Income	$266	$-1,347	-1.2%

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

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

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

$43,550

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Natalie Cruz	Program Administrator	12	Key Emp	$21,775	$21,775	$43,550
lani Cherry	Chair	0	Officer	$0	$0	$0
James Taylor	Board member	0	Officer	$0	$0	$0
Ernst Alvarez	Board Member & Treasurer	0	Officer	$0	$0	$0
Kenneth Jovin	Board Member	0	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
2021	$31,905	$31,639	$266	$266