HOPE HOMES FOUNDATION INC (EIN 341411370) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

Principal Officer

JOAN DAVIDSON

Phone

3306865342

Tax Period

2024-01-01 to 2024-12-31

HOPE HOMES FOUNDATION INC, founded in 1983, is a community nonprofit in the Human Services sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 70% operating margin.

Mission

TO PROVIDE ACCESSIBLE AND AFFORDABLE HOUSING TO PERSONS WITH DEVELOPMENTAL DISABILITIES AND OTHERS WITH SPECIAL NEEDS

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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 $1,361,600

Program Service Revenue $464,183

Investment Income $27,801

Other Revenue $0

TOTAL REVENUE $1,853,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $259,575

Fundraising Expenses $786

Program Expenses $396,765

Other Expenses $303,396

TOTAL EXPENSES $562,971

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,853,584	$1,368,755	+0.4%
Expenses	$562,971	$505,867	+0.1%
Net Income	$1,290,613	$862,888	+0.5%

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

$131,456

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL HERRERA	EXECUTIVE DI	45.00	Officer	$127,925	$3,531	$131,456
HOLLIE ASHWORTH	SECRETARY	2.00	Officer Director	$0	$0	$0
GUY BOLON	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM FIALA	TREASURER	2.00	Officer Director	$0	$0	$0
STEPHANIE FORSYTH	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
HECTOR GONZALEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE MANKO	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH PLASTERS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOAN DAVIDSON	EXECUTIVE DI	40.00	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	$1,853,584	$562,971	$6,304,566	$1,290,613
2023	$1,368,755	$505,867	$5,024,102	$862,888
2022	$1,287,306	$480,958	$4,314,167	$806,348
2021	$891,692	$427,378	$3,560,565	$464,314
2020	$1,284,969	$511,535	$3,627,726	$773,434
2019	$566,649	$416,107	$2,976,414	$150,542
2018	$306,347	$488,991	$2,875,583	$-182,644

HOPE HOMES FOUNDATION INC