HOPE PARTNERSHIP 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

2004

Legal Domicile

Principal Officer

RENEE PALLENBERG

Phone

8603889513

Tax Period

2024-07-01 to 2025-06-30

HOPE PARTNERSHIP INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $834K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $758K left a modest 9% surplus.

Mission

HOPE PARTNERSHIP'S MISSION IS TO CREATE A CONTINUUM OF AFFORDABLE HOUSING OPTIONS IN LOWER MIDDLESEX COUNTY, OLD LYME AND SURROUNDING TOWNS IN ORDER TO HELP ENSURE A VIBRANT ECONOMY AND HOUSING CHOICES FOR ALL CITIZENS THROUGH THE COLLABORATIVE EFFORTS OF GOVERNMENTS, BUSINESSES, RELIGIOUS COMMUNITIES, CIVIC ORGANIZATIONS, AND INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $685,454

IN ADDITION TO MAINTAINING AFFORDABLE HOUSING FOR 33 LOW-TO-MODERATE INCOME HOUSEHOLDS IN ESSEX AND OLD SAYBROOK, HOPE WORKED WITH OUR CO-DEVELOPERS ON 27 NEW UNITS OF HOUSING, 24 OF WHICH ARE...

IN ADDITION TO MAINTAINING AFFORDABLE HOUSING FOR 33 LOW-TO-MODERATE INCOME HOUSEHOLDS IN ESSEX AND OLD SAYBROOK, HOPE WORKED WITH OUR CO-DEVELOPERS ON 27 NEW UNITS OF HOUSING, 24 OF WHICH ARE AFFORDABLE, FOR A TOTAL OF 31 UNITS AT THIS CO-OWNED SITE. HOPE ALSO WORKED ON PRE-DEVELOPMENT, WITH A CO-DEVELOPER, TO REDEVELOP A HISTORIC SCHOOL IN CLINTON, THE PIERSON SCHOOL, INTO 50 SENIOR-PREFERENCE AFFORDABLE HOUSING UNITS. HOPE'S EFFORTS INCLUDED ADVOCATING FOR AFFORDABLE HOUSING IN THE COMMUNITIES THEY SERVE AS A WAY TO EDUCATE THE PUBLIC ON THE NEED WITH PRESENTATIONS TO COMMUNITY, BUSINESS, AND RELIGOUS ORGANIZATIONS. HOPE HAS MET WITH OR PRESENTED TO SEVERAL ELECTED OFFICIALS AND BOARDS/COMMITTEES IN OUR REGION.

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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 $97,138

Program Service Revenue $728,218

Investment Income $6,731

Other Revenue $1,537

TOTAL REVENUE $833,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,148

Fundraising Expenses $6,518

Program Expenses $685,454

Other Expenses $675,901

TOTAL EXPENSES $758,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$833,624	$737,509	+0.1%
Expenses	$758,049	$754,016	+0.0%
Net Income	$75,575	$-16,507	-5.6%

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

$77,447

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARLA LINDQUIST	Executive Dir.	30.00	Officer	$77,447	$0	$77,447
AVE CHIAT	Director	1.00	Director	$0	$0	$0
STEPHEN DOWLER	Treasurer	3.00	Director	$0	$0	$0
ANN FAUST	Director	1.00	Officer Director	$0	$0	$0
LESLIE MCKILLIP	Secretary	2.00	Officer Director	$0	$0	$0
LARRY FREUNDLICH	Director	1.00	Director	$0	$0	$0
KEVIN LOOBY	Director	1.00	Director	$0	$0	$0
BEEBE MILLER	Director	1.00	Director	$0	$0	$0
LISA MCNULTY	Director	1.00	Director	$0	$0	$0
BILL NEALE	Director	1.00	Director	$0	$0	$0
RICHARD SCHOLNICK	Director	1.00	Director	$0	$0	$0
TOM ORTOLEVA	Director	1.00	Director	$0	$0	$0
LON SEIDMAN	Director	1.00	Director	$0	$0	$0
MARYELLEN SHUCKEROW	Director	1.00	Director	$0	$0	$0
RENEE PALLENBERG	President	3.00	Officer Director	$0	$0	$0
AARON ORENSTEIN	Director	2.00	Director	$0	$0	$0
DAVID CARSWELL	Vice President	2.00	Officer 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
2025	$833,624	$758,049	$8,791,106	$75,575
2024	$737,509	$754,016	$8,767,633	$-16,507
2023	$564,918	$739,698	$8,867,086	$-174,780
2022	$607,977	$718,178	$9,811,722	$-110,201
2022	$473,357	$764,277	$9,159,443	$-290,920
2021	$4,716,601	$256,054	$6,346,446	$4,460,547
2020	$557,606	$86,220	$2,653,193	$471,386