MOUNT HOPE HOUSING COMPANY INC

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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

1996

Legal Domicile

Principal Officer

FRITZ G JEAN ESQ PRESIENT

Tax Period

2024-01-01 to 2024-12-31

MOUNT HOPE HOUSING COMPANY INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $357K in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $580K exceeded revenue, resulting in a 62% operating deficit.

Mission

TO REVIALIZ THE COMMUNITES SERVED BY PROVIDING SAFE,DECENT AFFORDABLE HOUSING,ECONOMIC DEVELOPMENT, YOUTH, HUMAN AND EDUCATIONAL SERVICES.

Program Service Accomplishments

Program 1

Expenses: $579,981 Revenue: $507,009

COMMUNITY DEVELOPMENT PROJECTS AND SERVICES THAT INCLUDE OPERATION,REHABILITATION AND MANAGEMENT OF RESIDENTIAL LOW INCOME AND AFFORDABLE HOUSING. THE ORGANIZATION ALSO OFFERS A ROBUST ARRAY OF...

COMMUNITY DEVELOPMENT PROJECTS AND SERVICES THAT INCLUDE OPERATION,REHABILITATION AND MANAGEMENT OF RESIDENTIAL LOW INCOME AND AFFORDABLE HOUSING. THE ORGANIZATION ALSO OFFERS A ROBUST ARRAY OF SOCIAL, SERVICES TO HELP ITS RESIDENTS GAIN ACCESS TO NEW OPPORTUNITIES AND OPEN DOORS AND AVENUES FOR ITS CONSTITUENTS TO MOVE UP THE ECONOMIC LADDER AND FACILITATE INDIVIDUAL SUCCESS AND ACHEIEVEMENT.

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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 $0

Program Service Revenue $261,074

Investment Income $93

Other Revenue $95,842

TOTAL REVENUE $357,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $547,473

Fundraising Expenses $0

Program Expenses $579,981

Other Expenses $32,508

TOTAL EXPENSES $579,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$357,009	$206,342	+0.7%
Expenses	$579,981	$642,617	-0.1%
Net Income	$-222,972	$-436,275	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRITZ G JEAN ESQ	CEO	20.00	Officer	$0	$0	$0
DR BOLA OMOTOSHO	DIRECTOR	2.00	Officer	$0	$0	$0
ANGEL CARABELLO	DIRECTOR	2.00	Officer	$0	$0	$0
RADIANCE BROWN	DIRECTOR	2.00	Officer	$0	$0	$0
AKIN AWOFOLAJU	DIRECTOR	2.00	Officer	$0	$0	$0
HON DONALD MILES	DIRECTOR	2.00	Officer	$0	$0	$0
JAVIER CHUCK	DIRECTOR	2.00	Officer	$0	$0	$0
KIEVE GRAHAM	TREASURER	2.00	Officer	$0	$0	$0
ESTHER FONSECA	VICE PRESIDENT	40.00	Officer	$0	$0	$0
WILBERT LAWTON	DIRECTOR	40.00	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	$357,009	$579,981	$17,001,781	$-222,972
2023	$206,342	$642,617	$16,873,236	$-436,275
2022	$999,971	$632,016	$16,738,716	$367,955
2022	$1,024,709	$632,016	$16,738,716	$392,693
2021	$122,661	$169,750	$16,176,910	$-47,089
2020	$211,203	$311,672	$16,177,427	$-100,469
2019	$383,466	$577,674	$15,762,821	$-194,208
2018	$1,928,121	$692,704	$15,931,131	$1,235,417
2017	$726,297	$681,504	$14,530,874	$44,793
2016	$4,432,285	$808,370	$19,667,540	$3,623,915