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)

4 risk indicators measuring financial stability and operational resilience

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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

SEE PART III, LINE 1.

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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 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
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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