NEW HOPE ETC

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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

2005

Legal Domicile

Principal Officer

ALONZO PERRY

Phone

2013326478

Tax Period

2024-01-01 to 2024-12-31

NEW HOPE ETC, founded in 2005, is a small nonprofit in the Human Services sector that reported $725K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. Expenses of $701K left a modest 3% surplus.

Mission

NEW HOPE ETC WORKS WITH COMMUNITIES IN THE GREATER JERSEY CITY, NJ AREA TO PROVIDE ACCESS TO AFFORDABLE HOUSING, BALANCED NUTRITION, AND EQUITABLE ACADEMIC ENGAGEMENT.

Program Service Accomplishments

Program 1

Expenses: $326,966 Revenue: $0

OUR NONPROFIT ORGANIZATION IS DEDICATED TO PROVIDING COMPREHENSIVE AFTER-SCHOOL ENRICHMENT PROGRAMS DESIGNED TO FOSTER INNOVATION, CREATIVITY, AND COLLABORATION AMONG YOUNG LEARNERS. OUR OPERATING...

OUR NONPROFIT ORGANIZATION IS DEDICATED TO PROVIDING COMPREHENSIVE AFTER-SCHOOL ENRICHMENT PROGRAMS DESIGNED TO FOSTER INNOVATION, CREATIVITY, AND COLLABORATION AMONG YOUNG LEARNERS. OUR OPERATING ACTIVITIES ARE FOCUSED ON SUPPORTING A DIVERSE TEAM OF EDUCATORS AND STAFF, INCLUDING TEACHERS, PROGRAM ASSISTANTS, AND MANAGEMENT, WHO ARE PASSIONATELY COMMITTED TO DELIVERING HIGH-QUALITY EDUCATIONAL EDUCATIONAL EXPERIENCES. TO FACILITATE THESE PROGRAMS, WE INVEST HEAVILY IN A VARIETY OF SUPPLIES AND EQUIPMENT THAT ENHANCE LEARNING AND ENGAGEMENT. THIS INCLUDES STATE-OF-THE-ART DRONES, ENGINEERING KITS, AND ARCHITECTURE KITS, WHICH ARE ESSENTIAL TO OUR STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATHEMATICS) CURRICULUM. THESE TOOLS ENABLE STUDENTS TO EXPLORE COMPLEX CONCEPTS IN A HANDS-ON ENVIRONMENT, ENCOURAGING EXPERIMENTATION AND CRITICAL THINKING. OUR ORGANIZATION IS COMMITTED TO EQUIPPING TUDENTS WITH THE SKILLS AND KNOWLEDGE NEEDED TO THRIVE IN A RAPIDLY CHANGING WORLD. THROUGH OUR AFTER-SCHOOL ENRICHMENT PROGRAMS, WE STRIVE TO CREATE AN ENVIRONMENT WHERE YOUNG MINDS CAN FLOURISH H AND WHERE THE LEADERS, INNOVATORS, AND PROBLEM SOLVERS OF TOMORROW ARE NURTURED AND INSPIRED.

Program 2

Expenses: $373,110 Revenue: $0

THE ORGANIZATION OPERATES A CHILD AND ADULT CARE FOOD PROGRAM, A SUMMER FOOD SERVICE PROGRAM AND A SOUP KITCHEN THAT FEED LUNCH, SNACKS, AND SUPPER TO AREA ELEMENTARY SCHOOL CHILDREN AND FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $723,885

Program Service Revenue $788

Investment Income $275

Other Revenue $0

TOTAL REVENUE $724,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $454,334

Fundraising Expenses $242

Program Expenses $700,076

Other Expenses $246,756

TOTAL EXPENSES $701,090

Year-over-Year Comparison

	2024	2023	Change
Revenue	$724,948	$434,523	+0.7%
Expenses	$701,090	$430,872	+0.6%
Net Income	$23,858	$3,651	+5.5%

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

Governance

Voting Members

Independent Members

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

$17,523

Total Directors

Key Employees

$79,298

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tania Stokes	Director	15	Key Emp Highest	$23,909	$0	$23,909
Elizabeth Perez	Lead Teacher	15	Highest	$21,403	$0	$21,403
Alonzo Perry Jr	Director	20	Key Emp	$21,020	$0	$21,020
Chantel Perry	Manager	15	Highest	$18,659	$0	$18,659
Tabitha Yates	Data Assistant	15	Highest	$18,480	$0	$18,480
Georgetta Ravenell	Treasurer	20	Officer Key Emp	$17,523	$0	$17,523
Alonzo Perry Sr	Executive Director	12	Key Emp	$16,846	$0	$16,846
Dawn Tyler	Director	15	Director	$0	$0	$0
Cherre Ogden	Vice President	0	Director	$0	$0	$0
Robert Cowell	Board Member	0	Director	$0	$0	$0
Kim Greene	Board Member	0	Director	$0	$0	$0
Conrad Howell	Board Member	0	Director	$0	$0	$0
Daryn Martin	Board Member	0	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	$724,948	$701,090	$74,001	$23,858
2023	$434,523	$430,872	$327,669	$3,651