BRIGHT HOPE NON-PROFIT CORPORATION

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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

1981

Legal Domicile

Principal Officer

VIVIAN S BUCHANON

Phone

2152324902

Tax Period

2023-05-01 to 2024-04-30

BRIGHT HOPE NON-PROFIT CORPORATION, founded in 1981, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

PROVIDES LOW INCOME HOUSING SUBSIDIZED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Program Service Accomplishments

Program 1

Expenses: $1,558,239 Revenue: $1,506,882

PROVIDES 130 UNITS OF LOW INCOME APARTMENTS SUBSIDIZED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,506,882

Investment Income $190

Other Revenue $0

TOTAL REVENUE $1,507,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $336,947

Fundraising Expenses $0

Program Expenses $1,558,239

Other Expenses $1,221,292

TOTAL EXPENSES $1,558,239

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,507,072	$1,360,886	+0.1%
Expenses	$1,558,239	$1,509,233	+0.0%
Net Income	$-51,167	$-148,347	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM R RAYMOND	PRESIDENT	2.00	Officer Director	$0	$0	$0
JUDGE GENECE E BRINKLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA HAYNES ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
FREDERICK HAYNES	BOARD MEMBER	1.00	Director	$0	$0	$0
SHIRLEAN SAWYER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSE THURMOND	BOARD MEMBER	1.00	Director	$0	$0	$0
DARRION MCKINNEY	BOARD 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	No data	No data	No data	No data
2024	$1,507,072	$1,558,239	$1,607,299	$-51,167
2023	$1,360,886	$1,509,233	$1,673,312	$-148,347
2022	$1,416,034	$1,512,345	$1,707,989	$-96,311
2021	$1,422,845	$1,495,204	$1,916,210	$-72,359
2020	$1,406,288	$1,488,987	$2,075,664	$-82,699
2019	$1,361,989	$1,399,642	$2,280,761	$-37,653