HOPE RESTORATION MINISTRIES

EIN: 113334959 501(c)(3) Religion

QUEENS VILLAGE, NY

Total Revenue
$114,673
Total Expenses
$93,651
Total Assets
$787,082
Net Assets
$787,082
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NY
Tax Period
2023-01-01 to 2023-12-31

HOPE RESTORATION MINISTRIES, founded in 1996, is a small nonprofit in the Religion sector that reported $115K in total revenue in fiscal year 2023. The organization ran a surplus of $21K, a strong 18% operating margin.

Mission

TO SERVE THE COMMUNITY BY REACHING OU TO THE POOR AND NEEDY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $114,673
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $114,673

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $93,651
Other Expenses $93,651
TOTAL EXPENSES $93,651

Year-over-Year Comparison

2023 2022 Change
Revenue $114,673 N/A N/A
Expenses $93,651 N/A N/A
Net Income $21,022 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADA MOFUNANYA PRESIDENT 0.00
Officer
$0 $0 $0
IFEYINWA IFEMESIA TREASURER 0.00
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
2024 No data No data No data No data
2023 $114,673 $93,651 $787,082 $21,022
2022 $151,363 $141,732 $766,060 $9,631
2021 $210,029 $207,045 $756,429 $2,984
2020 $249,049 $219,322 $753,445 $29,727
2019 $177,127 $266,292 $723,718 $-89,165
2018 $181,631 $193,702 $812,883 $-12,071
2017 $190,453 $187,413 $884,954 $3,040
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare HOPE RESTORATION MINISTRIES with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.