HOPE HOUSE 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

1968

Legal Domicile

Principal Officer

KEVIN CONNALLY

Phone

5184824673

Tax Period

2023-01-01 to 2023-12-31

HOPE HOUSE INC, founded in 1968, is a mid-sized nonprofit in the Mental Health sector that reported $11.7M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF HOPE HOUSE, INC. IS TO RESPOND TO THE NEEDS IN THE COMMUNITY TO PROVIDE EDUCATION, INTERVENTION, AND TREATMENT TO PERSONS WHOSE LIVES HAVE BEEN AFFECTED BY ANY FORM OF CHEMICAL DEPENDENCY OR FAMILY DYSFUNCTION. THE BOARD OF DIRECTORS AND STAFF ARE DEDICATED TO PROVIDING AN ARRAY OF HIGH-QUALITY RESIDENTIAL, OUTPATIENT, AND COMMUNITY-BASED SERVICES THAT ARE DEVELOPMENTALLY FOCUSED TO BOTH ADULT AND YOUTH POPULATIONS. THESE SERVICES ARE PROVIDED IRRESPECTIVE OF COLOR, CREED, AGE, NATIONAL ORIGIN, MARITAL STATUS, DISABILITY, ARREST/CONVICTION RECORD, OR ABILITY TO PAY. ALL SERVICES STRIVE TO EMPOWER EACH INDIVIDUAL AND FAMILY TO ACHIEVE THEIR HIGHEST LEVEL OF FUNCTIONING. IN ADDITION TO ENHANCING THE QUALITY OF LIFE TO THE PERSONS IT SERVES, THE AGENCY IS COMMITTED TO PROVIDING A SUPPORTIVE AND PROFESSIONAL WORK ENVIRONMENT FOR ITS STAFF.

Program Service Accomplishments

Program 1

Expenses: $7,919,898 Revenue: $6,646,376

RESIDENTIAL PROGRAMS - PROVIDES DRUG AND ALCOHOL USE TREATMENT TO INDIVIDUALS, APPROXIMATELY 382 SERVED.

Program 2

Expenses: $1,549,177 Revenue: $1,349,492

CLINIC - PROVIDES ALCOHOL AND DRUG ABUSE TREATMENT ON AN OUTPATIENT BASIS. APPROXIMATELY 776 SERVED.

Program 3

Expenses: $271,964 Revenue: $1,800,517

CASE MANAGEMENT AND SHELTER PLUS CARE. APPROXIMATELY 18 CLIENTS SERVED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,943,171

Program Service Revenue $9,612,083

Investment Income $5,374

Other Revenue $184,302

TOTAL REVENUE $11,744,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,421,042

Fundraising Expenses $0

Program Expenses $10,410,455

Other Expenses $4,142,353

TOTAL EXPENSES $11,563,395

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,744,930	$9,989,760	+0.2%
Expenses	$11,563,395	$10,887,434	+0.1%
Net Income	$181,535	$-897,674	-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

Employees

167

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

$289,928

Total Directors

$8,929

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA SMIRENSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
NICHOLAS A MARINI	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK S BOSS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN LYND	BOARD MEMBER	1.00	Director	$0	$0	$0
GIL CHASE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAN MCENENY	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN CARPENTER PALUMBO	BOARD MEMBER	1.00	Director	$0	$0	$0
BARTLEY J COSTELLO III	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER F GREAGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DONALD SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
WILMA DELUCCO	SECRETARY	1.00	Officer Director	$0	$0	$0
ALAN KOTT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN HEALY	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD MATACCHIERO	PRESIDENT	1.00	Officer Director	$0	$0	$0
JANEAH O'LEARY	DIRECTOR OF FINANCE	40.00	Officer Director	$8,274	$655	$8,929
DAWN PASQUARELL	DIRECTOR OF FINANCE	40.00	Officer	$93,819	$9,961	$103,780
KEVIN CONNALLY	EXECUTIVE DIRECTOR	40.00	Officer	$153,432	$23,787	$177,219
WILLIAM R BETHEL	COUNSELOR ASSISTANT	1.00	Highest	$106,474	$0	$106,474
STEVE CARVER	NURSE PRACTITIONER	1.00	Highest	$129,133	$0	$129,133

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	$11,744,930	$11,563,395	$16,387,994	$181,535
2022	$9,989,760	$10,887,434	$11,804,140	$-897,674
2021	$8,070,527	$8,826,341	$11,963,640	$-755,814
2020	$7,689,973	$7,957,842	$8,817,731	$-267,869
2019	$7,531,182	$8,146,205	$8,932,034	$-615,023
2018	$7,044,997	$7,642,390	$7,789,985	$-597,393