VILLAGE OF HOPE OF PALM BEACH COUNTY INC

EIN: 204591024 501(c)(3) Housing & Shelter

PALM BEACH GARDENS, FL

Total Revenue
$1,338,685
Total Expenses
$2,073,016
Total Assets
$2,457,440
Net Assets
$2,311,320
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
FL
Principal Officer
CHARLES L BENDER III
Phone
5617757195
Tax Period
2023-01-01 to 2023-12-31

VILLAGE OF HOPE OF PALM BEACH COUNTY INC, founded in 2006, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Expenses of $2.1M exceeded revenue, resulting in a 55% operating deficit.

Mission

VILLAGE OF HOPE OF PALM BEACH COUNTY, INC. PROVIDES INDEPENDENT LIVING RESIDENTIAL SUPPORT AND ESSENTIAL LIFE SKILLS DEVELOPMENT FOR EMANCIPATED FOSTER YOUTH AND OTHER HOMELESS YOUTH IN NEED.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,277,394
Program Service Revenue $0
Investment Income $12,132
Other Revenue $49,159
TOTAL REVENUE $1,338,685

Expense Breakdown

Grants Paid $1,000,522
Salaries & Benefits $570,192
Fundraising Expenses $33,134
Program Expenses $1,925,776
Other Expenses $502,302
TOTAL EXPENSES $2,073,016

Year-over-Year Comparison

2023 2022 Change
Revenue $1,338,685 $1,282,707 +0.0%
Expenses $2,073,016 $978,394 +1.1%
Net Income $-734,331 $304,313 -3.4%
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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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
11
Employees
9
Volunteers
15

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
3
$687,468
Total Directors
12
$432,273
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES L BENDER III CEO 20.00
Officer Director
$196,480 $38,520 $432,273
RONALD M NOCERA PRESIDENT 1.00
Officer Director
$0 $0 $0
LEIGHAN RINKER EDD DIRECTOR 1.00
Director
$0 $0 $0
JOHN T CHRISTIANSEN ESQ DIRECTOR 1.00
Director
$0 $0 $0
PASTOR J TODD MULLINS DMIN DIRECTOR 1.00
Director
$0 $0 $0
DR JOSEPH A KLOBA EDD NCC DIRECTOR 1.00
Director
$0 $0 $0
DONNA J MULLINS DIRECTOR 1.00
Director
$0 $0 $0
PASTOR ELLIS MCKENZIE DIRECTOR 1.00
Director
$0 $0 $0
JEANNINE MORRIS DIRECTOR 1.00
Director
$0 $0 $0
PASTOR THOMAS D MULLINS DMIN DIRECTOR 1.00
Director
$0 $0 $0
TOM LANE DIRECTOR 1.00
Director
$0 $0 $0
JOHN ERBEY DIRECTOR 1.00
Director
$0 $0 $0
SHANNON ANDERSON COO 1.00
Officer
$0 $31,221 $255,195
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 $1,338,685 $2,073,016 $2,457,440 $-734,331
2022 $1,282,707 $978,394 $3,144,590 $304,313
2021 $988,473 $903,926 $2,887,660 $84,547
2020 $896,237 $862,278 $2,861,918 $33,959
2019 $707,347 $829,506 $2,793,880 $-122,159
2018 $696,205 $767,161 $2,916,278 $-70,956
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