WESTMINSTERHOOPES RESIDENCE CORP

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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

1997

Legal Domicile

Principal Officer

CO ORGANIZATION

Phone

2153861808

Tax Period

2024-07-01 to 2025-06-30

WESTMINSTERHOOPES RESIDENCE CORP, founded in 1997, is a micro nonprofit in the Housing & Shelter sector that reported $56K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $95K exceeded revenue, resulting in a 70% operating deficit.

Mission

PROVIDE LOW INCOME HOUSING PROVIDES FOUR TOWNHOUSES SUBSIDIZED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $95,091 Revenue: $55,882

PROVIDES FOUR TOWNHOUSES SUBSIDIZED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $55,882

Investment Income $6

Other Revenue $0

TOTAL REVENUE $55,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,718

Fundraising Expenses $0

Program Expenses $95,091

Other Expenses $91,373

TOTAL EXPENSES $95,091

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,888	$66,403	-0.2%
Expenses	$95,091	$87,442	+0.1%
Net Income	$-39,203	$-21,039	+0.9%

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

N/A

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
DEANNA I MCMILLAN PHD	PRESIDENT	2.00	Officer Director	$0	$0	$0
RANDY M BARNES	TREASURER	2.00	Officer Director	$0	$0	$0
JEAN KENDRICK	SECRETARY	2.00	Officer Director	$0	$0	$0
JEANICE M SALTER	MEMBER	2.00	Director	$0	$0	$0
JOHN LINGHAM	MEMBER	2.00	Director	$0	$0	$0
SHEILA HOWARD	MEMBER	2.00	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
2025	$55,888	$95,091	$434,166	$-39,203
2024	$66,403	$87,442	$457,553	$-21,039
2023	$70,897	$80,581	$467,268	$-9,684
2022	$71,681	$85,698	$482,108	$-14,017
2021	$70,964	$75,911	$529,676	$-4,947
2020	$71,843	$77,818	$513,177	$-5,975
2019	$65,382	$81,704	$532,971	$-16,322
2018	$69,895	$159,323	$533,706	$-89,428