Hope Community Development Assoc

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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

2010

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Hope Community Development Assoc, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $923K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $872K left a modest 6% surplus.

Mission

Equiping individuals to transform their lives through gainful employment and skillful living and to provide assistance to lower income families in need of housing.

Program Service Accomplishments

Program 1

Expenses: $408,479 Revenue: $416,790

Acquisition and refurbishment of blighted houses to be sold to low-to-moderate income families. And, home buyer closing cost/down payment assistance.

Program 2

Expenses: $180,805 Revenue: $208,741

Career training including on the job experience in construction landscaping, as well as job preparation classes.

Program 3

Expenses: $38,440 Revenue: $41,858

Supportive housing for participants in the life transformation and career training program. Life skills classes.

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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 $644,532

Program Service Revenue $269,767

Investment Income $0

Other Revenue $8,311

TOTAL REVENUE $922,610

Expense Breakdown

Grants Paid $0

Salaries & Benefits $535,822

Fundraising Expenses $57,303

Program Expenses $665,607

Other Expenses $318,370

TOTAL EXPENSES $871,768

Year-over-Year Comparison

	2023	2022	Change
Revenue	$922,610	$982,360	-0.1%
Expenses	$871,768	$851,423	+0.0%
Net Income	$50,842	$130,937	-0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Phil Resin	Director	4.00	Director	$0	$0	$0
Kim Reem	Director	1.00	Director	$0	$0	$0
Trent Tuel	Director	1.00	Director	$0	$0	$0
Summer Riley	Director	1.00	Director	$0	$0	$0
Travis Kolder	Director	1.00	Director	$0	$0	$0
Mike Johnson	Chairman	6.00	Officer Director	$0	$0	$0
Ron Ziegler	Secretary	36.00	Officer Director	$0	$0	$0
Ken Kolek	Treasurer	1.00	Officer Director	$0	$0	$0
Terry Knake	Vice-Chairman	2.00	Officer Director	$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	$922,610	$871,768	$1,174,071	$50,842
2022	$924,428	$940,375	$1,117,935	$-15,947
2021	$783,055	$691,547	$675,474	$91,508
2020	$648,232	$485,557	$697,857	$162,675
2019	$399,648	$351,534	$489,183	$48,114
2018	$153,082	$207,574	$239,921	$-54,492