SERVICE OF HOPE ENTITIES INC

EIN: 331104425 501(c)(3) Youth Development

Dallas, TX

Total Revenue
$3,773,091
Total Expenses
$3,738,598
Total Assets
$432,740
Net Assets
$-64,004
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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
2004
Legal Domicile
TX
Principal Officer
Daniel B Prescott Jr
Phone
2142760235
Tax Period
2023-01-01 to 2023-12-31

SERVICE OF HOPE ENTITIES INC, founded in 2004, is a community nonprofit in the Youth Development sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 125% from the prior year, signaling strong growth momentum.

Mission

The mission of Services of Hope is to transform lives of low to moderate income students and their families with proven faith based educational programs and services. These services are provided in underserved and under resourced communities.

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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 $2,520,041
Program Service Revenue $1,217,525
Investment Income $4,080
Other Revenue $31,445
TOTAL REVENUE $3,773,091

Expense Breakdown

Grants Paid $2,011,147
Salaries & Benefits $825,069
Fundraising Expenses $18,724
Program Expenses $3,176,448
Other Expenses $902,382
TOTAL EXPENSES $3,738,598

Year-over-Year Comparison

2023 2022 Change
Revenue $3,773,091 $1,677,107 +1.2%
Expenses $3,738,598 $2,081,897 +0.8%
Net Income $34,493 $-404,790 -1.1%
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
8
Independent Members
7
Employees
28
Volunteers
10

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
$126,479
Total Directors
7
$0
Key Employees
2
$180,599
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daniel B Prescott Jr President/CEO 40
Officer Key Emp
$126,479 $0 $126,479
Saadia Cooks Compliance and Administrative Director 40
Key Emp
$54,120 $0 $54,120
Daniel Q Prescott III Director 20
Director
$0 $0 $0
Tyler Gassman Director 20
Director
$0 $0 $0
Doris Prescott Secetary/Treasurer 25
Officer Director
$0 $0 $0
Susie Hood Director 10
Director
$0 $0 $0
Dana Rushing Director 10
Director
$0 $0 $0
Antwan Lewis Director 10
Director
$0 $0 $0
Melvin Peoples Chairman 20
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 $3,773,091 $3,738,598 $432,740 $34,493
2022 $1,677,107 $2,081,897 $704,308 $-404,790
2021 $4,643,726 $4,511,057 $479,458 $132,669
2020 $2,428,377 $2,073,959 $634,885 $354,418
2020 $2,417,447 $2,317,361 $498,292 $100,086
2019 $1,182,691 $1,012,378 $265,541 $170,313
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