NEW HOPE CENTER

EIN: 352714505 501(c)(3) Religion

LOS ANGELES, CA

Total Revenue
$197,543
Total Expenses
$82,584
Total Assets
$883,515
Net Assets
$181,058
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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
2021
Legal Domicile
CA
Principal Officer
DAVID SUNG SOO CHOI
Tax Period
2023-01-01 to 2023-12-31

NEW HOPE CENTER, founded in 2021, is a small nonprofit in the Religion sector that reported $198K in total revenue in fiscal year 2023. The organization ran a surplus of $115K, a strong 58% operating margin.

Mission

TO PERFORM THE VARIOUS ACTIVITIES TO SPREAD THE CHRISTIANITY

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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 $197,543
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $197,543

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $82,584
TOTAL EXPENSES $82,584

Year-over-Year Comparison

2023 2022 Change
Revenue $197,543 N/A N/A
Expenses $82,584 N/A N/A
Net Income $114,959 $0 N/A
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
2
Independent Members
2
Employees
N/A
Volunteers
5

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID SUNG SOO CHOI C.E.O. 20.00
Officer
$0 $0 $0
HYO SANG LEE CHOI C.F.O. & SECRETARY 20.00
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 No data No data No data No data
2023 $197,543 $82,584 $883,515 $114,959
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