HOPE AND A HOME

EIN: 202869184 501(c)(3)

WASHINGTON, DC

Total Revenue
$1,472,548
Total Expenses
$1,442,334
Total Assets
$2,231,856
Net Assets
$-528,012
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
DC
Principal Officer
ORAL POTTINGER
Phone
2023877091
Tax Period
2023-10-01 to 2024-09-30

HOPE AND A HOME, founded in 2005, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

HOPE AND A HOME'S MISSION IS TO EMPOWER LOW-INCOME FAMILIES WITH CHILDREN IN WASHINGTON, DC, TO CREATE STABLE HOMES OF THEIR OWN AND TO MAKE LASTING CHANGES IN THEIR LIVES. WE CAN AND DO BREAK THE CYCLE OF POVERTY FOR QUALIFIED FAMILIES THROUGH THE PROGRAMS AND SERVICES WE OFFER. SINCE ITS INCEPTION, HOPE AND A HOME HAS HELPED HUNDREDS OF FAMILIES ACHIEVE LASTING INDEPENDENCE. OUR COMPREHENSIVE EMPOWERMENT MODEL FOR CREATING SUSTAINABLE CHANGE WITHIN FAMILIES FOCUSES ON FOUR MAIN KEYS FOR CHANGE: 1) AFFORDABLE HOUSING; 2) REWARDING WORK; 3) HIGHER EDUCATION;4) VALUABLE COMMUNITY CONNECTIONS.

Program Service Accomplishments

Program 1
Expenses: $767,968 Revenue: $927,584

HOUSING PROGRAM:PHASE I TRANSITIONAL HOUSING: HOPE AND A HOME OWNS 19 TRANSITIONAL HOUSING UNITS. WE WORKED WITH THE COMMUNITY PARTNERSHIP FOR THE PREVENTION OF HOMELESSNESS IN FY2024 TO FILL OUR...

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HOUSING PROGRAM:PHASE I TRANSITIONAL HOUSING: HOPE AND A HOME OWNS 19 TRANSITIONAL HOUSING UNITS. WE WORKED WITH THE COMMUNITY PARTNERSHIP FOR THE PREVENTION OF HOMELESSNESS IN FY2024 TO FILL OUR UNIT VACANCIES WITH FAMILIES FROM LOCAL SHELTERS. IN FY 2024, WE PROVIDED 21 HOMELESS FAMILIES WITH HIGHLY SUBSIDIZED TRANSITIONAL HOUSING UNITS, WHICH THEY MAY INHABIT FOR UP TO THREE YEARS. DURING THEIR RESIDENCY, FAMILIES SECURE EMPLOYMENT, ENROLL THEIR CHILDREN IN DAY CARE AND GOOD-PERFORMING SCHOOLS, GAIN HOUSING AND FINANCIAL LITERACY SKILLS -- WHILE ADDRESSING THEIR PERSONAL BARRIERS TO SUCCESS AND INDEPENDENCE. BY GRADUATION, PARENTS ARE PREPARED TO SECURE AFFORDABLE HOUSING - WHICH SOMETIMES MEANS BECOMING OWNERS OF COOPERATIVES OR OTHER HOUSING.PHASE 2 INDEPENDENT HOUSING: AFTER THREE YEARS IN TRANSITIONAL, HOUSING FAMILIES IN PHASE 2 LIVE INDEPENDENTLY, YET CONTINUE TO RECEIVE PERSONALIZED CASE MANAGEMENT ON A MONTHLY BASIS TO MAINTAIN THEIR HOMES AND ACHIEVE THEIR GOALS - WHICH CAN RANGE FROM CONTINUING EDUCATION AND CAREER PROSPECTS TO PURCHASING A HOME. PHASE 2 FAMILIES THAT MOVE INTO MARKET-RATE HOUSING RECEIVE UP TO $300/MONTH FOR RENTAL ASSISTANCE IN THEIR FIRST YEAR OUT AND $200/MONTH IN THEIR SECOND YEAR.

Program 2
Expenses: $329,129

EDUCATION AND JOB READINESS PROGRAMS:EDUCATION:FAMILIES IN BOTH PHASE ONE AND PHASE TWO PARTICIPATE IN THE GRACE DICKERSON HIGHER EDUCATION FOR ALL (GDHEFA). GDHEFA KEEPS THE 137 LOW-INCOME CHILDREN...

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EDUCATION AND JOB READINESS PROGRAMS:EDUCATION:FAMILIES IN BOTH PHASE ONE AND PHASE TWO PARTICIPATE IN THE GRACE DICKERSON HIGHER EDUCATION FOR ALL (GDHEFA). GDHEFA KEEPS THE 137 LOW-INCOME CHILDREN WE CURRENTLY SERVE ON A CLEAR ACADEMIC TRACK FROM PRESCHOOL TO COLLEGE AND BEYOND, WHILE ENROLLING PARENTS IN CAREER-BOOSTING EDUCATIONAL AND VOCATIONAL COURSES. STAFF ADVOCATES FOR EACH CHILD TO BE ENROLLED IN GOOD-PERFORMING SCHOOLS, WORK WITH PARENTS TO ESTABLISH AND ACHIEVE EDUCATIONAL GOALS FOR THEIR CHILDREN, ENSURE CHILDREN WITH SPECIAL NEEDS ARE PROPERLY DIAGNOSED AND RECEIVE INDIVIDUAL EDUCATION PROGRAMS (IEP'S) AS NEEDED, AND ARRANGE TUTORING SERVICES. WE ALSO SUPPORT PARTICIPANTS THROUGH PRE-K TO 12TH GRADE, COLLEGE, AND GRADUATE SCHOOL TO ENSURE THEY ACHIEVE POST-SECONDARY GOALS.JOB READINESS: EARNING A LIVING WAGE IS FUNDAMENTAL TO MOVING FAMILIES TO SELF SUFFICIENCY. OUR JOB READINESS PROGRAM WORKS WITH PARENTS AND TEENS TO IMPROVE THEIR JOB READINESS AND INCREASE THEIR EARNING POTENTIAL. IT PROVIDES A SERIES OF INDIVIDUAL COUNSELING SESSIONS AND WORKSHOPS THAT PROMOTE SELF DISCOVERY AND SKILL DEVELOPMENT. SESSION TOPICS COVER GOALS SETTING, RESUME PREPARATION, INTERVIEWING TECHNIQUES AND BUILDING PROFESSIONAL NETWORKS.

Program 3
Expenses: $132,456

FOOD PROGRAM:WE PROVIDED GROCERIES MONTHLY TO 68 FAMILIES DURING FY2024. DELIVERIES WERE COMPRISED OF FRESH HEALTHY FOOD INCLUDING FRUIT, VEGETABLES, MEAT, FISH, BREAD, CEREAL, MILK. THE FOOD WAS...

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FOOD PROGRAM:WE PROVIDED GROCERIES MONTHLY TO 68 FAMILIES DURING FY2024. DELIVERIES WERE COMPRISED OF FRESH HEALTHY FOOD INCLUDING FRUIT, VEGETABLES, MEAT, FISH, BREAD, CEREAL, MILK. THE FOOD WAS PURCHASED DIRECTLY FROM WHOLESALE FOOD SUPPLIERS WHO DELIVERED THE FOOD DIRECTLY TO HOPE AND A HOME - AFTER WHICH WE BAGGED IT FOR PICK-UP OR DELIVERY TO OUR FAMILIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $542,605
Program Service Revenue $927,584
Investment Income $359
Other Revenue $2,000
TOTAL REVENUE $1,472,548

Expense Breakdown

Grants Paid $54,415
Salaries & Benefits $589,240
Fundraising Expenses $134,539
Program Expenses $1,229,553
Other Expenses $798,679
TOTAL EXPENSES $1,442,334

Year-over-Year Comparison

2023 2022 Change
Revenue $1,472,548 $1,274,873 +0.2%
Expenses $1,442,334 $1,567,010 -0.1%
Net Income $30,214 $-292,137 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
11
Employees
6
Volunteers
50

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
5
$77,092
Total Directors
12
$77,092
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNN C FRENCH EXECUTIVE DIRECTOR 50.00
Officer Director
$73,893 $3,199 $77,092
ORAL D POTTINGER CHAIR 2.00
Officer Director
$0 $0 $0
JAMES TURNER VICE CHAIR 1.00
Officer Director
$0 $0 $0
KIMBERLY J LEVINE TREASURER 3.00
Officer Director
$0 $0 $0
SHANTI ABEDIN SECRETARY 2.00
Officer Director
$0 $0 $0
SONYA ALI DIRECTOR 0.25
Director
$0 $0 $0
JULIA HOWELL BARROS DIRECTOR 2.00
Director
$0 $0 $0
LYNN FISCHER-FOX DIRECTOR 1.00
Director
$0 $0 $0
MONICA GONZALES-CONIC DIRECTOR 0.50
Director
$0 $0 $0
CORINNE KIRKLAND-MERCEDES DIRECTOR 0.50
Director
$0 $0 $0
MONICA PALACIO DIRECTOR 0.50
Director
$0 $0 $0
LEAH MALCOLM SKRINE DIRECTOR 1.00
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
2024 $1,472,548 $1,442,334 $2,231,856 $30,214
2023 $1,274,873 $1,567,010 $2,241,516 $-292,137
2022 $1,450,713 $1,581,367 $2,521,841 $-130,654
2021 $1,443,106 $1,597,673 $2,543,414 $-154,567
2020 $1,287,241 $1,218,686 $2,779,390 $68,555
2019 $1,185,186 $1,044,479 $2,598,568 $140,707
2018 $1,117,133 $1,076,321 $2,390,909 $40,812
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