GARDEN OF HOPE INC

EIN: 352347834 501(c)(3) Human Services

NORFOLK, VA

Total Revenue
$705,254
Total Expenses
$707,747
Total Assets
$225,167
Net Assets
$199,486
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
VA
Principal Officer
PHILIP INABINETTE
Phone
7573904328
Tax Period
2024-01-01 to 2024-12-31

Garden of Hope Inc, founded in 2008, is a small nonprofit in the Human Services sector that reported $687K in total revenue in fiscal year 2018.

Mission

GARDEN OF HOPE, INC. (GOH OR THE ORGANIZATION), A NONPROFIT ORGANIZATION INCORPORATED IN THE COMMONWEALTH OF VIRGINIA ON SEPTEMBER 17, 2008, AIMS TO BUILD HEALTHY NEIGHBORHOODS BY PROVIDING SERVICES AND PROGRAMS FOR THE DISADVANTAGED INDIVIDUALS, FAMILIES, AND COMMUNITIES, AND UNDER-SERVED YOUTH IN HAMPTON ROADS. GOH WAS FOUNDED WITH THE VISION OF NURTURING A COMMUNITY WHERE EVERYONE HAS THE OPPORTUNITY TO THRIVE. GOH IS DEDICATED TO CREATING LASTING CHANGE IN OUR COMMUNITY BY OFFERING COMPREHENSIVE PROGRAMS THAT ADDRESS THE NEEDS OF THOSE IMPACTED BY INCARCERATION, POVERTY, AND A LACK OF EDUCATION.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $693,471
Program Service Revenue $0
Investment Income $0
Other Revenue $11,783
TOTAL REVENUE $705,254

Expense Breakdown

Grants Paid $0
Salaries & Benefits $281,600
Fundraising Expenses $17,795
Program Expenses $567,097
Other Expenses $426,147
TOTAL EXPENSES $707,747

Year-over-Year Comparison

2024 2023 Change
Revenue $705,254 $560,089 +0.3%
Expenses $707,747 $637,309 +0.1%
Net Income $-2,493 $-77,220 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
7
Independent Members
6
Employees
9
Volunteers
N/A

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
2
$69,376
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP INABINETTE EXECUTIVE DI 40.00
Officer
$69,376 $0 $69,376
TRAVORIS CARNES BOARD MEMBER 24.00
Director
$0 $0 $0
VICTOR CLARK BOARD MEMBER 24.00
Director
$0 $0 $0
KATHY FEREBEE BOARD MEMBER 24.00
Director
$0 $0 $0
DAPHINE JOPPY BOARD MEMBER 24.00
Director
$0 $0 $0
GREGORY D SMITH BOARD MEMBER 24.00
Director
$0 $0 $0
CARLTON WEST BOARD MEMBER 24.00
Director
$0 $0 $0
KIRK T HOUSTON SR BOARD CHAIR 24.00
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 $705,254 $707,747 $225,167 $-2,493
2023 $560,089 $637,309 $198,844 $-77,220
2022 $804,584 $716,587 $349,686 $87,997
2021 $644,151 $623,504 $260,475 $20,647
2020 $525,299 $597,027 $317,554 $-71,728
2019 $738,138 $685,072 $316,125 $53,066
2018 $687,281 $722,993 $488,720 $-35,712
Explore More Nonprofits
Top 100 Nonprofits in Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare GARDEN OF HOPE INC with other nonprofits in Virginia and across the country.