HOPE THROUGH HOUSING FOUNDATION

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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

1998

Legal Domicile

Principal Officer

MICHAEL FINN

Phone

9094832444

Tax Period

2023-01-01 to 2023-12-31

HOPE THROUGH HOUSING FOUNDATION, founded in 1998, is a community nonprofit in the Human Services sector that reported $7.6M in total revenue in fiscal year 2023.

Mission

THE MISSION OF HOPE THROUGH HOUSING FOUNDATION IS TO BREAK THE CYCLE OF GENERATIONAL POVERTY BY ADVOCATING FOR POLICIES AND IMPLEMENTING PROGRAMS THAT EMPOWER RESIDENTS AND CHANGE COMMUNITIES. TOGETHER, WE TRANSFORM LIVES AND COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $6,099,057 Revenue: $2,680,576

AS A NATIONAL NON-PROFIT, HOPE THROUGH HOUSING FOUNDATION ADDRESSES GAPS IN LOW INCOME COMMUNITIES BY PROVIDING PLACE-BASED SERVICES. TARGETING LOW-INCOME INDIVIDUALS, FAMILIES AND SENIORS AT 30 TO 80 PERCENT OF AREA MEDIAN INCOME, OUR PROGRAMS INCLUDE ON-SITE PRESCHOOLS, AFTER-SCHOOL PROGRAMMING, FINANCIAL EDUCATION, DEBT REDUCTION AND REPAIR, A PATHWAY TO HOMEOWNERSHIP, SENIOR WELLNESS AND CASE MANAGEMENT WITHIN NATIONAL CORE'S 80+ AFFORDABLE APARTMENT COMMUNITIES ACROSS SEVERAL STATES. WE BELIEVE THAT THE MOST EFFECTIVE WAY TO LIFT PEOPLE OUT OF POVERTY AND STRENGTHEN COMMUNITIES IS BY BUILDING HUMAN CAPACITY. OUR PROGRAMS ARE DESIGNED TO HELP INDIVIDUALS FIND THEIR OWN WAY - OFFERING RESOURCES AND THE EXPERTISE OF HIGHLY QUALIFIED PARTNERS. OUR GOAL ACROSS ALL OF THESE PROGRAMS IS TO DIRECT, LEVERAGE, AND SUPPORT COMMUNITY DEVELOPMENT ACTIVITIES AND RESOURCES ACROSS A VARIETY OF PARTNERS, RESULTING IN TARGETED NEIGHBORHOOD TRANSFORMATION AROUND AFFORDABLE HOUSING SITES.HOPE THROUGH HOUSING WORKS IN TANDEM WITH NATIONAL CORE'S AFFORDABLE, WORKFORCE AND SENIOR HOUSING DEVELOPMENTS, COMPRISING MORE THAN 8,000 UNITS ACROSS FOUR STATES.

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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 $4,907,054

Program Service Revenue $2,698,397

Investment Income $62,282

Other Revenue $-17,821

TOTAL REVENUE $7,649,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,788,279

Fundraising Expenses $241,342

Program Expenses $6,099,057

Other Expenses $3,670,827

TOTAL EXPENSES $7,459,106

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,649,912	$7,938,537	0.0%
Expenses	$7,459,106	$5,852,183	+0.3%
Net Income	$190,806	$2,086,354	-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

746

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

$1,267,333

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY BURUM	CHAIRMAN OF THE BOARD	1.00	Director	$0	$0	$0
RAYMOND CREBS	BOARD MEMBER	1.00	Director	$0	$0	$0
MINNIE SANTILLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
LAWRENCE VAN NOY	BOARD MEMBER	1.00	Director	$0	$0	$0
MALIK MALLORY	BOARD MEMBER	1.00	Director	$0	$0	$0
BRENDA RODRIGUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT DIAZ	GENERAL COUNSEL, CAO, SECRETARY	2.00	Officer	$20,727	$20,727	$267,382
MICHAEL RUANE	EXECUTIVE VICE PRESIDENT	4.00	Officer	$39,678	$26,000	$244,229
MICHAEL FINN	CHIEF FINANCIAL OFFICER	6.00	Officer	$57,674	$30,000	$241,472
GREGORY BRADBARD	PRESIDENT AND CEO	40.00	Officer	$276,947	$10,400	$287,347
DORETTA BRYAN	ASSISTANT SECRETARY	4.00	Officer	$22,732	$22,732	$153,439
DEVIN WRIGHT	ASSISTANT SECRETARY	4.00	Officer	$17,286	$0	$73,464
ALYSSA COTTER	DIRECTOR OF DEVELOPMENT	40.00	Highest	$106,075	$5,640	$111,715
APRILJOY GALKA	DIRECTOR OF PSH	40.00	Highest	$128,103	$5,029	$133,132

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	$7,649,912	$7,459,106	$6,081,844	$190,806
2022	$7,938,537	$5,852,183	$5,649,377	$2,086,354
2021	$5,183,293	$4,606,835	$3,787,690	$576,458
2020	$4,331,260	$4,024,367	$3,068,542	$306,893
2019	$4,242,972	$4,004,371	$2,309,590	$238,601
2019	$4,242,972	$4,004,371	$2,309,590	$238,601
2018	$3,511,363	$3,149,321	$1,888,906	$362,042