HOMES OF HOPE CHARITABLE 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

1993

Legal Domicile

Principal Officer

DAVE WOCHNER

Phone

3092872564

Tax Period

2024-01-01 to 2024-12-31

HOMES OF HOPE CHARITABLE FOUNDATION, founded in 1993, is a small nonprofit in the Human Services sector that reported $176K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $161K, a strong 92% operating margin.

Mission

SUBSIDIZE THE OPERATION OF HOMES OF HOPE, INC.

Program Service Accomplishments

Program 1

Expenses: $13,200

REIMBURSEMENT FOR VARIOUS OPERATION EXPENSES TO HOMES OF HOPE, INC (PROVIDES RESIDENTIAL LIVING AND SUPPORT FOR INDIVIDUAL RESIDENTS WHO ARE DEVELOPMENTALLY DISABLED).

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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 $114,120

Program Service Revenue $0

Investment Income $9,609

Other Revenue $52,691

TOTAL REVENUE $176,420

Expense Breakdown

Grants Paid $13,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,200

Other Expenses $1,729

TOTAL EXPENSES $14,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$176,420	$114,440	+0.5%
Expenses	$14,929	$90,173	-0.8%
Net Income	$161,491	$24,267	+5.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JULIE CALMES	DIRECTOR	Director	$0	$0	$0
RONALD J HUNDMAN	TREASURER	Officer Director	$0	$0	$0
MAGGIE SEVERINO	SECRETARY	Officer Director	$0	$0	$0
JOHN WHITLOW	DIRECTOR	Director	$0	$0	$0
DAVE WOCHNER	PRESIDENT	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
2025	No data	No data	No data	No data
2024	$176,420	$14,929	$956,578	$161,491
2023	$114,440	$90,173	$795,087	$24,267
2022	$87,587	$158,839	$770,820	$-71,252
2021	$87,331	$24,651	$842,072	$62,680
2020	$131,347	$25,964	$779,392	$105,383
2019	$147,623	$26,112	$838,129	$121,511
2018	$66,352	$35,845	$731,363	$30,507