HOPEPHL COMMUNITY DEVELOPMENT CORPORATION

EIN: 232687223 501(c)(3) Public Safety

PHILADELPHIA, PA

Total Revenue
$1,120,311
Total Expenses
$1,245,437
Total Assets
$18,967,218
Net Assets
$-3,908,006
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
PA
Principal Officer
KATHLEEN DESMOND
Phone
2153827523
Tax Period
2022-07-01 to 2023-06-30

HOPEPHL COMMUNITY DEVELOPMENT CORPORATION, founded in 1992, is a community nonprofit in the Public Safety sector that reported $1.1M in total revenue in fiscal year 2022. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

HOPEPHL COMMUNITY DEVELOPMENT CORPORATION (HOPEPHL CDC) IS THE REAL ESTATE ARM OF HOPEPHL. ON ITS OWN, OR THROUGH CONTRACTUAL RELATIONSHIPS, HOPEPHL CDC ACQUIRES, SELLS, RENTS, REHABILITATES, AND MANAGES PROPERTIES IN THE WEST PHILADELPHIA COMMUNITY WHERE HOPEPHL CARRIES OUT ITS PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $1,045,793 Revenue: $188,026

THIS PAST YEAR MOST OF THE CDC'S WORK CONTINUED TO FOCUS ON PROVIDING ECONOMIC AND FOOD RELIEF. WE CONTINUED TO ENGAGE YOUTH IN COMMUNITY ENGAGEMENT WORK WHICH FOCUSED ON OUTREACH, FOOD JUSTICE...

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THIS PAST YEAR MOST OF THE CDC'S WORK CONTINUED TO FOCUS ON PROVIDING ECONOMIC AND FOOD RELIEF. WE CONTINUED TO ENGAGE YOUTH IN COMMUNITY ENGAGEMENT WORK WHICH FOCUSED ON OUTREACH, FOOD JUSTICE, SOCIAL JUSTICE, AND THE ARTS. OUR COMMERCIAL CORRIDOR WORK FOCUSED ON ENHANCING SAFETY AND OUR REAL ESTATE TEAM BEGAN PREDEVELOPMENT WORK WITH OUR PARTNER MT VERNON MANOR ON THE 40TH STREET PROJECT, A MIXED USE DEVELOPMENT PROJECT OFFERING AFFORDABLE HOUSING AND COMMERCIAL SPACE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $916,910
Program Service Revenue $183,782
Investment Income $15,375
Other Revenue $4,244
TOTAL REVENUE $1,120,311

Expense Breakdown

Grants Paid $0
Salaries & Benefits $362,501
Fundraising Expenses $0
Program Expenses $1,045,793
Other Expenses $882,936
TOTAL EXPENSES $1,245,437

Year-over-Year Comparison

2022 2021 Change
Revenue $1,120,311 $1,551,935 -0.3%
Expenses $1,245,437 $1,877,835 -0.3%
Net Income $-125,126 $-325,900 -0.6%
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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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
4
$180,650
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BERNADINE HAWES BOARD CHAIR 3.00
Officer Director
$0 $0 $0
DEVON CAUDLE SECRETARY 2.00
Officer Director
$0 $0 $0
THERESA CLARK DIRECTOR 2.00
Director
$0 $0 $0
MARY HALL DIRECTOR 2.00
Director
$0 $0 $0
BLANCA RAMIREZ DIRECTOR 2.00
Director
$0 $0 $0
BRANDON WEBER DIRECTOR 2.00
Director
$0 $0 $0
NEVA WHITE VICE-CHAIR 2.00
Officer Director
$0 $0 $0
KATHY DESMOND PRESIDENT OF PEC 14.50
Officer
$168,806 $11,844 $180,650
SCOTT CANNON VP ASSET & PROPERTY MANAGEMENT 24.00
Highest
$105,191 $14,890 $120,081
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 No data No data No data No data
2023 $1,120,311 $1,245,437 $18,967,218 $-125,126
2023 $1,173,912 $1,336,754 $18,883,160 $-162,842
2022 $1,551,935 $1,877,835 $18,642,427 $-325,900
2021 $1,066,976 $1,907,248 $19,103,603 $-840,272
2020 $1,601,080 $1,849,338 $19,126,386 $-248,258
2019 $2,033,106 $2,373,329 $18,547,709 $-340,223
2018 $1,783,555 $2,919,295 $17,982,743 $-1,135,740
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