Minneapolis, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOPE UNITED COMMUNITY DEVELOPMENT CORPORATION, founded in 2004, is a micro nonprofit in the Education sector that reported $94K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $200K exceeded revenue, resulting in a 113% operating deficit.
A catalyst of hope connecting people, organizations, and resources to transform lives and communities for good.
2023 Program Highlights 1. Education a. We supported the creation of a volunteer compassion and care team that provided free breakfast events for the school's entire staff. The compassion and care...
2023 Program Highlights 1. Education a. We supported the creation of a volunteer compassion and care team that provided free breakfast events for the school's entire staff. The compassion and care team also provided other resources to encourage and reward the teaching faculty. b. We Provided clothing, food, and personal care products to students and families at the fall and winter holiday seasons. c. We donated over 700 books and $500 to support school's literacy program. d. We organized and conducted the second annual "Harvest a New North" outdoor festival with 50 volunteers from local and regional nonprofits, churches, and businesses to celebrate positive community values and promote safety and peace. We provided 500 free meals . We distributed 600 backpacks loaded with school supplies and equipment. e. We conducted ten youth development workshops through our African American Male Alliance f. We Consulted with the Franklin Middle School Principal to enhance professional development of school leadership 2. Increasing Positive Community Engagement a. We conducted twelve Bridge of Reconciliation conferences via Zoom reaching 224 distinct and ethnically diverse constituents including pastors, government officials, nonprofit leaders, professional service providers, residents, educators, and business leaders. b. We supported the Minnesota Council of Churches as Our Executive Director served as a member of the Board of Directors. c. We remain engaged with the Minnesota Multifaith Network, His Works United, Transform MN, the Minnesota Council of Churches, the Minnesota National Day of Prayer Committee and other interfaith and multi-cultural networking movements advancing peace. d. We provided fiscal agency for the 21 Days of Peace community engagement movement. e. We sustained our advisory role with The One Fund through which more than sixty local, predominantly Black congregations received financial support. f. We Served as fiscal agent for professionals providing trauma relief services. 3. Increasing Economic Opportunity a. We continued developing a faith-based jobs and career program entitled Connect to Success. b. We formed a Hope United community development strategy that is based on investing in a local, socially conscious black-owned business which will provide workers family supportive wages and will invest in community development through charitable giving.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $93,754 | $287,756 | -0.7% |
| Expenses | $199,649 | $220,683 | -0.1% |
| Net Income | $-105,895 | $67,073 | -2.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Rev Richard Coleman | Executive Director | 20 |
Officer
|
$30,000 | $223 | $30,223 |
| Cheryl Anderson | Accountant | 25 |
Officer
|
$10,757 | $0 | $10,757 |
| Lee Parker | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Rita Tolbert | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Dr Herbert Klem | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Lisa Erikson | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Rev Dr Russell A Pointer Sr | Board Member | 1 |
Director
|
$0 | $0 | $0 |
| Cam Selmer | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Lonnie Humphrey | Board Chair/Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $93,754 | $199,649 | $35,250 | $-105,895 |
| 2022 | $287,756 | $220,683 | $149,229 | $67,073 |
| 2021 | $486,160 | $531,293 | $110,396 | $-45,133 |
Compare HOPE UNITED COMMUNITY DEVELOPMENT CORPORATION with other nonprofits in Minnesota and across the country.