HOPE COMMUNITY INC

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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

1968

Legal Domicile

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

THE ORGANIZATION DEVELOPS, OWNS, MANAGES AND PROVIDES HOUSING FOR MODERATE INCOME INDIVIDUALS AS WELL AS PROVIDES HOUSING AND REHABILITATION SERVICES TO HOMELESS FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $4,702,376 Revenue: $4,436,805

HOPE CONTINUES TO FOCUS ON PRESERVATION ACTIVITY THAT BOTH UPGRADE THE PHYSICAL CONDITION OF ITS BUILDINGS AND FINANCING SO THAT THE BUILDING REMAINS AFFORDABLE TO RESIDENTS.

Program 2

Expenses: $3,259,304 Revenue: $2,060,915

THE ORGANIZATION DEVELOPS, OWNS, MANAGES AND PROVIDES HOUSING FOR MODERATE INCOME INDIVIDUALS AS WELL AS PROVIDES 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%)

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$269,227

Total Directors

Key Employees

Highest Compensated

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