PLACE OF HOPE INCORPORATED

EIN: 264310772 501(c)(3) Human Services

Memphis, TN

Total Revenue
$134,026
Total Expenses
$191,363
Total Assets
$1,316,563
Net Assets
$1,219,703
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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
2014
Legal Domicile
TN
Tax Period
2024-07-01 to 2025-06-30

PLACE OF HOPE INCORPORATED, founded in 2014, is a small nonprofit in the Human Services sector that reported $134K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $191K exceeded revenue, resulting in a 43% operating deficit.

Mission

THE ORGANIZATION PROVIDES QUALITY LOW INCOME HOUSING FOR DISABLED INDIVIDUALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $134,026
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $134,026

Expense Breakdown

Grants Paid $0
Salaries & Benefits $28,927
Fundraising Expenses $0
Program Expenses $123,134
Other Expenses $162,436
TOTAL EXPENSES $191,363

Year-over-Year Comparison

2024 2023 Change
Revenue $134,026 $145,037 -0.1%
Expenses $191,363 $158,804 +0.2%
Net Income $-57,337 $-13,767 +3.2%
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

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Governance

Voting Members
2
Independent Members
2
Employees
1
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SYED SALAT CHAIRMAN 1.00
Officer
$0 $0 $0
JOHN DAVIS INTERNAL AUDITOR 2.00
Officer
$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 $134,026 $191,363 $1,316,563 $-57,337
2024 $145,037 $158,804 $1,354,502 $-13,767
2023 $123,096 $198,387 $1,376,280 $-75,291
2022 $124,494 $234,920 $1,449,742 $-110,426
2021 $117,050 $182,079 $1,542,732 $-65,029
2020 $118,551 $171,870 $1,594,896 $-53,319
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