Door of Hope 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

2005

Legal Domicile

Principal Officer

Porsha Goodman

Phone

6152603584

Tax Period

2023-01-01 to 2023-12-31

Door of Hope Inc, founded in 2005, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023.

Mission

Door of Hope mission is to serve the chronically homeless and placing individuals in permanent type housing and providing support.

Program Service Accomplishments

Program 1

Expenses: $1,014,791 Revenue: $1,113,794

Provided homes and shelter for homeless individuals with special needs also, provided meals weekly and trasportation when needed to appointments and facilities for help in various programs and...

Provided homes and shelter for homeless individuals with special needs also, provided meals weekly and trasportation when needed to appointments and facilities for help in various programs and medical related treatments. Case managers worked with individuals to help maintain permanant housing.

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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 $936,916

Program Service Revenue $0

Investment Income $0

Other Revenue $176,878

TOTAL REVENUE $1,113,794

Expense Breakdown

Grants Paid $0

Salaries & Benefits $367,051

Fundraising Expenses $0

Program Expenses $1,014,791

Other Expenses $756,295

TOTAL EXPENSES $1,123,346

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,113,794	$1,035,427	+0.1%
Expenses	$1,123,346	$1,037,262	+0.1%
Net Income	$-9,552	$-1,835	+4.2%

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

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

$81,604

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Avery Hines	Board Member	1.00	Director	$0	$0	$0
Deidre Chewing	Board Member	1.00	Officer	$0	$0	$0
John Cooke	Board Member	1.00	Officer	$0	$0	$0
Francis Offiong	Board Member	1.00	Officer	$0	$0	$0
Quiana Watkins	Board Member	1.00	Director	$0	$0	$0
Porsha Goodman	Executive Director	40.00	Key Emp	$81,604	$0	$81,604

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	$1,113,794	$1,123,346	$1,494,968	$-9,552
2022	$1,035,427	$1,037,262	$1,493,507	$-1,835
2021	$1,002,025	$1,003,509	$1,495,474	$-1,484
2020	$979,857	$971,857	$1,523,230	$8,000
2019	$953,573	$905,761	$1,493,315	$47,812
2018	$929,251	$958,510	$1,422,852	$-29,259