Spruce Street House of Hope (EIN 208088951) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

Cynthia Wiggins

Phone

4043721508

Tax Period

2022-01-01 to 2022-12-31

Spruce Street House of Hope, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $133K in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year. Expenses of $201K exceeded revenue, resulting in a 51% operating deficit.

Mission

Providng Low Income Housing to the disabled

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $133,363

Investment Income $60

Other Revenue $16

TOTAL REVENUE $133,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $201,034

Other Expenses $201,034

TOTAL EXPENSES $201,034

Year-over-Year Comparison

	2022	2021	Change
Revenue	$133,439	$149,633	-0.1%
Expenses	$201,034	$212,100	-0.1%
Net Income	$-67,595	$-62,467	+0.1%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lillian Bowmen	Member	001.00	Director	$0	$0	$0
Raymond Bowman	Member	004.00	Director	$0	$0	$0
Cynthia Matthews	Member	001.00	Director	$0	$0	$0
Robert Mason	Member	001.00	Director	$0	$0	$0
Sarah Nowlin	Member	001.00	Director	$0	$0	$0
Eugene Collins	Member	001.00	Director	$0	$0	$0
Charla White	Member	001.00	Director	$0	$0	$0
Ola Hudson	Member	001.00	Director	$0	$0	$0
Phillip McEwen	Treas	004.00	Officer	$0	$0	$0
Cynthia Wiggins	President	004.00	Officer	$0	$0	$0
Darlene Stephen	Asst Secretary	001.00	Officer	$0	$0	$0
Rhonda Scott-Kinslow	Secretary	001.00	Officer	$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	No data	No data	No data	No data
2022	$133,439	$201,034	$2,029,122	$-67,595
2021	$149,633	$212,100	$2,092,640	$-62,467
2020	$151,329	$210,073	$2,155,121	$-58,744
2019	$143,628	$209,826	$2,216,549	$-66,198
2018	$139,232	$216,798	$2,281,133	$-77,566

Spruce Street House of Hope