NEW HOPE ESTATES GROUP HOME INC (EIN 203844863) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Legal Domicile

Principal Officer

JOE WICKENS

Tax Period

2023-01-01 to 2023-12-31

NEW HOPE ESTATES GROUP HOME INC is a micro nonprofit in the Human Services sector that reported $62K in total revenue in fiscal year 2019. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $57K left a modest 8% surplus.

Mission

NEW HOPE ESTATES GROUP HOME, INC. IS A NOT-FOR PROFIT ORGANIZATON WHICH IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE STATE LAW. THE ORGANIZATION OWNS AND OPERATES A SIX UNIT RESIDENTIAL FACILITY FOR DISABLED PERSONS, LOCATED IN STAFFORD, VIRGINIA. SUBSTANTIALLY ALL REVENUES RESULT FROM TENANT RENTALS AND RENTAL SUBSIDIES FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SECTION 8 HOUSING ASSISTANCE PROGRAM. THE ORGANIZATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION UNDER SECTION 509(A) OF THE CODE. THE PROHECT IS A SECTION 811 PROJECT UNDER THE NATIONAL AFFORDABLE HOUSING ACT. THE ORGANIZATION IS MANAGED BY RAPPAHANNOCK AREA COMMUNITY SERVICES BOARD (RACSB). RENTAL OPERATIONS COMMENCED IN JULY 2007.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $52,722

Investment Income $8

Other Revenue $0

TOTAL REVENUE $52,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,765

Fundraising Expenses $0

Program Expenses $46,152

Other Expenses $45,679

TOTAL EXPENSES $50,444

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,730	$20,269	+1.6%
Expenses	$50,444	$50,215	+0.0%
Net Income	$2,286	$-29,946	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$171,208

Total Directors

$171,208

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE WICKENS	PRESIDENT	1.00	Officer Director	$0	$0	$171,208
MATTHEW ZURASKY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JANE YAUN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN ROWLEY	DIRECTOR	1.00	Director	$0	$0	$0
RONALD W BRANSCOME	DIRECTOR	1.00	Director	$0	$0	$0
BRANDIE WILLIAMS	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
2023	$52,730	$50,444	$625,829	$2,286
2021	$62,194	$48,686	$661,904	$13,508
2019	$61,576	$56,673	$655,760	$4,903

NEW HOPE ESTATES GROUP HOME INC