GRANDMA'S HOUSE OF HOPE

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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

2007

Legal Domicile

Principal Officer

IRENE BASDAKIS

Phone

7142675280

Tax Period

2023-01-01 to 2023-12-31

GRANDMA'S HOUSE OF HOPE, founded in 2007, is a community nonprofit in the Housing & Shelter sector that reported $3.8M in total revenue in fiscal year 2023.

Mission

GRANDMA'S HOUSE OF HOPE EMPOWERS THE INVISIBLE POPULATIONS OF ORANGE COUNTY BY PROVIDING EMERGENCY, BRIDGE AND TRANSITIONAL HOUSING WITH TRAUMA-INFORMED SUPPORTIVE SERVICES TO SINGLE INDIVIDUALS EXPERIENCING UNSHELTERED HOMELESSNESS.

Program Service Accomplishments

Program 1

Expenses: $3,383,109 Revenue: $54,131

IN 2023, GRANDMA'S HOUSE OF HOPE'S RESCUED AND RESTORED HOUSING PROGRAM OPERATED 10 HOUSING SITES WITH 134 BEDS TO PROVIDE EMERGENCY, BRIDGE, TRANSITIONAL AND HEALING HOUSING WITH LIFE-CHANGING...

IN 2023, GRANDMA'S HOUSE OF HOPE'S RESCUED AND RESTORED HOUSING PROGRAM OPERATED 10 HOUSING SITES WITH 134 BEDS TO PROVIDE EMERGENCY, BRIDGE, TRANSITIONAL AND HEALING HOUSING WITH LIFE-CHANGING SUPPORTIVE SERVICES TO SINGLE WOMEN AND MEN WHO WERE EXPERIENCING UNSHELTERED HOMELESSNESS. WE SPECIALIZE IN HOUSING AND SUPPORTING INDIVIDUALS WITH SERIOUS MENTAL ILLNESS, SUBSTANCE USE DISORDERS, INCARCERATION HISTORIES, CHRONIC HEALTH CONDITIONS AND SIGNIFICANT TRAUMA HISTORIES. WE HELP PARTICIPANTS ESTABLISH CONNECTIONS TO MEDICAL CARE AND OTHER HEALTH CARE RESOURCES, STABILIZE AND IMPROVE THEIR HEALTH, OBTAIN INCOME AND BENEFITS, OVERCOME OBSTACLES TO SELF-SUFFICIENCY AND MOVE INTO PERMANENT HOUSING.

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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 $3,765,575

Program Service Revenue $45,364

Investment Income $741

Other Revenue $6,654

TOTAL REVENUE $3,818,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,999,582

Fundraising Expenses $176,792

Program Expenses $3,383,109

Other Expenses $1,741,910

TOTAL EXPENSES $3,741,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,818,334	$3,790,513	+0.0%
Expenses	$3,741,492	$4,076,530	-0.1%
Net Income	$76,842	$-286,017	-1.3%

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

Volunteers

133

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

$67,659

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE PROIMOS	CHAIRMAN	10.00	Officer Director	$0	$0	$0
TIM DANAHER	TREASURER	2.00	Officer Director	$0	$0	$0
RUSS ELLSWORTH	SECRETARY	2.00	Officer Director	$0	$0	$0
AMIE RAIGER	DIRECTOR (UNTIL 02/2023)	2.00	Director	$0	$0	$0
BEN PHILLIPS	DIRECTOR	2.00	Director	$0	$0	$0
BEN STROM	DIRECTOR	2.00	Director	$0	$0	$0
BILL KATAFIAS	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG MACOMBER	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH ANDREWS	DIRECTOR	2.00	Director	$0	$0	$0
JAMAL SAMPSON	DIRECTOR	2.00	Director	$0	$0	$0
JAYNE STRAND	DIRECTOR (UNTIL 07/2023)	2.00	Director	$0	$0	$0
JONATHAN TUPPER	DIRECTOR	2.00	Director	$0	$0	$0
JUAN HERNANDEZ	DIRECTOR (UNTIL 07/2023)	2.00	Director	$0	$0	$0
TAYLOR MONTANO	DIRECTOR	2.00	Director	$0	$0	$0
VIVA BAILEY	DIRECTOR	2.00	Director	$0	$0	$0
MARIA MAZZENGA	INTERIM CEO (UNTIL 09/2023)	40.00	Officer	$67,659	$0	$67,659

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
2024	No data	No data	No data	No data
2023	$3,818,334	$3,741,492	$4,742,778	$76,842
2022	$3,790,513	$4,076,530	$4,566,677	$-286,017
2021	$4,297,846	$4,223,395	$3,883,799	$74,451
2020	$5,106,062	$4,858,395	$3,058,785	$247,667
2019	$4,198,325	$4,259,615	$2,772,052	$-61,290
2018	$3,750,235	$3,310,777	$2,546,839	$439,458