OPPORTUNITIES FOR HOPE INC

EIN: 222515061 501(c)(3)

FITCHBURG, MA

Total Revenue
$1,360,679
Total Expenses
$1,352,785
Total Assets
$1,054,026
Net Assets
$584,839
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MA
Principal Officer
DOUGLAS BUSHMAN ESQ
Phone
9783452256
Tax Period
2024-07-01 to 2025-06-30

OPPORTUNITIES FOR HOPE INC, founded in 1983, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 114% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE SHELTER AND RELATED SERVICES TO HOMELESS PERSONS INCLUDING MEN, WOMEN, AND CHILDREN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,339,669
Program Service Revenue $0
Investment Income $10
Other Revenue $21,000
TOTAL REVENUE $1,360,679

Expense Breakdown

Grants Paid $0
Salaries & Benefits $409,980
Fundraising Expenses $1,164
Program Expenses $1,008,308
Other Expenses $942,805
TOTAL EXPENSES $1,352,785

Year-over-Year Comparison

2024 2023 Change
Revenue $1,360,679 $635,160 +1.1%
Expenses $1,352,785 $791,424 +0.7%
Net Income $7,894 $-156,264 -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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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
4
Independent Members
4
Employees
20
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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA BYRNE CHAIR 5.00
Officer Director
$0 $0 $0
ADAM GOODWIN VICE CHAIR 5.00
Officer Director
$0 $0 $0
THOMAS HUGHES MEMBER 1.00
Director
$0 $0 $0
DAVID BASILIO TREASURER 5.00
Officer Director
$0 $0 $0
RENEE SCAPPARONE ASSOCIATE MEMBER 1.00
Director
$0 $0 $0
JOE SOVA MEMBER 1.00
Director
$0 $0 $0
TIM MURPHY ASSOCIATE MEMBER 1.00
Director
$0 $0 $0
SAM ALBERT ASSOCIATE MEMBER 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
2025 $1,360,679 $1,352,785 $1,054,026 $7,894
2024 No data No data No data No data
2023 $2,042,539 $2,313,976 $1,244,470 $-271,437
2022 $2,101,780 $2,144,896 $1,440,900 $-43,116
2021 $2,395,747 $2,236,079 $1,527,060 $159,668
2020 $2,114,235 $2,173,772 $1,547,891 $-59,537
2019 $1,956,336 $1,889,776 $1,418,201 $66,560
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