HOPE COMMUNITY INC

EIN: 237013134 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$6,692,308
Total Expenses
$9,576,113
Total Assets
$49,255,249
Net Assets
$39,988,526
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NY
Principal Officer
WALTER M ROBERTS
Phone
2128608821
Tax Period
2022-07-01 to 2023-06-30

HOPE COMMUNITY INC, founded in 1968, is a community nonprofit in the Housing & Shelter sector that reported $6.7M in total revenue in fiscal year 2022. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $9.6M exceeded revenue, resulting in a 43% operating deficit.

Mission

TO DEVELOP, OWN, MANAGE, AND PROVIDE HOUSING FOR MODERATE INCOME INDIVIDUALS AS WELL AS PROVIDE HOUSING AND REHABILITATION SERVICES TO HOMELESS FAMILIES.

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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 $153,769
Program Service Revenue $6,475,251
Investment Income $40,819
Other Revenue $22,469
TOTAL REVENUE $6,692,308

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,020,141
Fundraising Expenses $19,741
Program Expenses $7,961,680
Other Expenses $3,555,972
TOTAL EXPENSES $9,576,113

Year-over-Year Comparison

2022 2021 Change
Revenue $6,692,308 $10,141,121 -0.3%
Expenses $9,576,113 $9,045,172 +0.1%
Net Income $-2,883,805 $1,095,949 -3.6%
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

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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
$269,227
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD BECKSTORM VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
CLAYTON BANKS DIRECTOR 0.50
Director
$0 $0 $0
GEMMA THOMAS DIRECTOR 0.50
Director
$0 $0 $0
MADISON BEDARD DIRECTOR 0.50
Director
$0 $0 $0
MARISSA MACK DIRECTOR 0.50
Director
$0 $0 $0
MAX MARKHAM DIRECTOR 0.50
Director
$0 $0 $0
NIKKI MERKERSON DIRECTOR 0.50
Director
$0 $0 $0
PATRICK YOUNG SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
STACY CRAWFORD DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM OFENLOCH DIRECTOR 0.50
Director
$0 $0 $0
VARUN SANYAL DIRECTOR 0.50
Director
$0 $0 $0
LORENZO CESARE DIRECTOR OF FINANCE 34.00
Officer
$113,140 $0 $113,140
WALTER M ROBERTS PRESIDENT 34.00
Officer
$149,190 $6,897 $156,087
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 $6,692,308 $9,576,113 $49,255,249 $-2,883,805
2022 $10,141,121 $9,045,172 $51,917,413 $1,095,949
2021 $9,079,771 $7,972,558 $47,085,503 $1,107,213
2020 $8,026,595 $6,831,765 $45,892,417 $1,194,830
2020 $6,139,621 $6,831,765 $14,542,347 $-692,144
2019 $6,058,072 $6,908,818 $6,256,760 $-850,746
2018 $6,426,287 $7,742,798 $6,419,200 $-1,316,511
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