SHINING HOPE FOR COMMUNITIES INC

EIN: 271493201 501(c)(3) Education

NEW YORK, NY

Total Revenue
$19,171,396
Total Expenses
$20,839,480
Total Assets
$56,069,591
Net Assets
$40,233,385
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CT
Principal Officer
KENNEDY ODEDE
Phone
7183601709
Tax Period
2023-01-01 to 2023-12-31

SHINING HOPE FOR COMMUNITIES INC, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $19.2M in total revenue in fiscal year 2023. Revenue surged 124% from the prior year, signaling strong growth momentum. Net assets of $40.2M represent 25 months of operating reserves.

Mission

SHINING HOPE FOR COMMUNITIES IS A GRASSROOTS MOVEMENT THAT CATALYZES LARGE-SCALE TRANSFORMATION IN URBAN SLUMS BY PROVIDING CRITICAL SERVICES FOR ALL, COMMUNITY ADVOCACY PLATFORMS, AND EDUCATION AND LEADERSHIP DEVELOPMENT FOR WOMEN AND GIRLS.

Program Service Accomplishments

Program 1
Expenses: $12,644,042

SHINING HOPE COMMUNITY CENTERS: SHOFCO'S COMMUNITY PROGRAMS IN KENYA'S URBAN SLUMS INCLUDE 17 LIBRARIES & COMMUNITY CENTERS (257,339 BENEFICIARIES), EMPLOYABILITY & ENTREPRENEURSHIP TRAINING (33,372...

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SHINING HOPE COMMUNITY CENTERS: SHOFCO'S COMMUNITY PROGRAMS IN KENYA'S URBAN SLUMS INCLUDE 17 LIBRARIES & COMMUNITY CENTERS (257,339 BENEFICIARIES), EMPLOYABILITY & ENTREPRENEURSHIP TRAINING (33,372 BENEFICIARIES), SHOFCO WOMEN'S EMPOWERMENT PROJECT (SWEP) (9,963 BENEFICIARIES), GROUPS SAVINGS & LOANS (18,340 BENEFICIARIES), GENDER BASED VIOLENCE RESPONSE (10,229 BENEFICIARIES), AND THE SHOFCO URBAN NETWORK (1,438,120 BENEFICIARIES AND DEPENDENTS). IN TOTAL, SHOFCO SERVED 1,800,642 BENEFICIARIES IN 2023.

Program 2
Expenses: $3,744,534

OTHER PROGRAMS:KENYA PROGRAM OPERATIONS RELATE TO THE COORDINATION OF ALL GRASSROOTS MOVEMENT WORK ACROSS THE VARIOUS MAJOR PROGRAM DELIVERY AREAS. SHOFCO ENSURES COMPLETE INTEGRATIONS OF THE...

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OTHER PROGRAMS:KENYA PROGRAM OPERATIONS RELATE TO THE COORDINATION OF ALL GRASSROOTS MOVEMENT WORK ACROSS THE VARIOUS MAJOR PROGRAM DELIVERY AREAS. SHOFCO ENSURES COMPLETE INTEGRATIONS OF THE PROGRAMS AND THIS IS CLOSELY COORDINATED BY A COMPETENT MANAGEMENT TEAM AND SHARED INFRASTRUCTURE WHICH IS RUN AND MAINTAINED TO ENSURE NO DISRUPTION TO SERVICES. SHOFCO SENIOR MANAGEMENT SHARED TIME AND COSTS TO KEEP SHARED INFRASTRUCTURE RUNNING AND MAINTAINED. THERE ARE ALSO COSTS RELATED TO MONITORING AND EVALUATION AND IMPACT ASSESSMENT ACROSS ALL PROGRAMS AREAS.

Program 3
Expenses: $1,599,364 Revenue: $2,833

JOHANNA JUSTIN-JINICH COMMUNITY CLINIC: SHOFCO OPERATES COMMUNITY CLINICS IN KIBERA AND MATHARE. SHOFCO'S COMMUNITY CLINICS CONSIST OF ONE MAIN CLINIC AND FIVE SATELLITE LOCATIONS IN ADDITION TO...

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JOHANNA JUSTIN-JINICH COMMUNITY CLINIC: SHOFCO OPERATES COMMUNITY CLINICS IN KIBERA AND MATHARE. SHOFCO'S COMMUNITY CLINICS CONSIST OF ONE MAIN CLINIC AND FIVE SATELLITE LOCATIONS IN ADDITION TO SUPPORTING THE GOVERNEMENT COMMUNITY HEALTH STRATEGY IN OUTREACHS USING COMMUNITY HEALTH PROMOTERS. THESE CLINICS PROVIDE PRIMARY CARE, CHILD AND MATERNAL HEALTH CARE, CERVICAL CANCER SCREENING, CHILD IMMUNIZATIONS, NUTRITION PROGRAM, COMPREHENSIVE HIV CARE, FAMILY PLANNING, GENDER BASED VIOLENCE RESPONSE, HEALTH EDUCATION, AND DOOR TO DOOR OUTREACH. THE CLINICS ARE STAFFED WITH CLINICAL OFFICERS, NURSES, PHARMACY TECHNICIANS, LAB TECHNICIANS, AND COMMUNITY HEALTH WORKERS. SHOFCO CLINICS AND COMMUNITY OUTREACHES SERVED A TOTAL OF 467,087 PATIENTS IN 2023.

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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 (2023)

Revenue Breakdown

Contributions & Grants $18,603,108
Program Service Revenue $2,833
Investment Income $528,924
Other Revenue $36,531
TOTAL REVENUE $19,171,396

Expense Breakdown

Grants Paid $5,749,687
Salaries & Benefits $6,921,498
Fundraising Expenses $661,835
Program Expenses $19,410,024
Other Expenses $8,168,295
TOTAL EXPENSES $20,839,480

Year-over-Year Comparison

2023 2022 Change
Revenue $19,171,396 $8,551,191 +1.2%
Expenses $20,839,480 $9,456,295 +1.2%
Net Income $-1,668,084 $-905,104 +0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
12
Employees
8
Volunteers
14

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
3
$495,948
Total Directors
14
$274,907
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNEDY ODEDE PRESIDENT & CEO 60.00
Officer Director
$247,607 $27,300 $274,907
MATTHEW CHANOFF BOARD MEMBER 1.00
Director
$0 $0 $0
BLAIR MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH CUTLER BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD CUNNINGHAM BOARD MEMBER 1.00
Director
$0 $0 $0
LESLIE BLUHM BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW SIROVICH BOARD MEMBER 1.00
Director
$0 $0 $0
MIMI STERNLICHT BOARD MEMBER 1.00
Director
$0 $0 $0
ROBBY WALKER BOARD MEMBER 1.00
Director
$0 $0 $0
SYBILL KERN BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA POSNER ODEDE BOARD MEMBER & CO-FOUNDER 1.00
Director
$0 $0 $0
PHILIPPE DORANO BOARD MEMBER 1.00
Director
$0 $0 $0
DR OBY EZEKWESILI BOARD MEMBER 1.00
Director
$0 $0 $0
DR STIGMATA TENGA BOARD MEMBER 1.00
Director
$0 $0 $0
KATHERINE POTASKI CAO & SECRETARY 60.00
Officer
$192,083 $28,958 $221,041
JEREMY MINDICH BOARD CHAIR 1.00
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
2024 No data No data No data No data
2023 $19,171,396 $20,839,480 $56,069,591 $-1,668,084
2022 $8,551,191 $9,456,295 $53,218,289 $-905,104
2021 $30,462,819 $8,360,031 $42,723,081 $22,102,788
2020 $12,982,482 $8,942,307 $20,907,384 $4,040,175
2019 $8,494,065 $6,062,584 $16,816,582 $2,431,481
2018 $9,028,175 $6,832,015 $14,287,686 $2,196,160
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