UNITED HOPES INC

EIN: 203622386 501(c)(3) Housing & Shelter

TUSCALOOSA, AL

Total Revenue
$407,722
Total Expenses
$422,102
Total Assets
$2,459,849
Net Assets
$893,408
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
AL
Principal Officer
TIM BAUMGARTEN
Phone
2057520009
Tax Period
2024-01-01 to 2024-12-31

UNITED HOPES INC, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $325K in total revenue in fiscal year 2020. Expenses of $314K left a modest 3% surplus.

Mission

TO DEVELOP AND PROVIDE DECENT, SAFE AND SANITARY HOUSING FOR LOW-INCOME PERSONS, AS WELL AS OPERATE FOR CHARITABLE PURPOSES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $406,406
Investment Income $1,316
Other Revenue $0
TOTAL REVENUE $407,722

Expense Breakdown

Grants Paid $0
Salaries & Benefits $73,288
Fundraising Expenses $0
Program Expenses $418,602
Other Expenses $348,814
TOTAL EXPENSES $422,102

Year-over-Year Comparison

2024 2023 Change
Revenue $407,722 $375,487 +0.1%
Expenses $422,102 $409,845 +0.0%
Net Income $-14,380 $-34,358 -0.6%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM BAUMGARTEN PRESIDENT 1.00
Officer Director
$0 $0 $0
CHRIS BEAN SECRETARY/TR 1.00
Officer Director
$0 $0 $0
SCOTT REYNOLDS BOARD MEMBER N/A
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 $407,722 $422,102 $2,459,849 $-14,380
2023 $375,487 $409,845 $2,507,917 $-34,358
2022 $342,238 $341,505 $2,572,229 $733
2021 $322,046 $339,316 $2,598,348 $-17,270
2020 $325,131 $314,016 $2,640,862 $11,115
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