HOPE NETWORK AFFORDABLE INDEPENDEN… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

HEATHER ZAK

Phone

6163018000

Tax Period

2023-01-01 to 2023-12-31

HOPE NETWORK AFFORDABLE INDEPENDENT LIVING FKA 54TH STREET NPHC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $740K in total revenue in fiscal year 2023. The organization ran a surplus of $585K, a strong 79% operating margin.

Mission

IN CHRISTIAN SERVICE, HOPE NETWORK EMPOWERS PEOPLE TO OVERCOME CHALLENGES TO ACHIEVE THEIR HIGHEST LEVEL OF INDEPENDENCE.

Program Service Accomplishments

Program 1

Expenses: $134,328 Revenue: $424,500

HOPE NETWORK HOUSING DEVELOPMENT CORPORATION IS WORKING IN CONNECTION WITH THE MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY TO DEVELOP LOW INCOME HOUSING PROJECTS FOR PERSONS QUALIFYING UNDER...

HOPE NETWORK HOUSING DEVELOPMENT CORPORATION IS WORKING IN CONNECTION WITH THE MICHIGAN STATE HOUSING DEVELOPMENT AUTHORITY TO DEVELOP LOW INCOME HOUSING PROJECTS FOR PERSONS QUALIFYING UNDER GUIDELINES ESTABLISHED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $291,592

Program Service Revenue $403,760

Investment Income $23,837

Other Revenue $20,740

TOTAL REVENUE $739,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $134,328

Other Expenses $154,994

TOTAL EXPENSES $154,994

Year-over-Year Comparison

	2023	2022	Change
Revenue	$739,929	$725,944	+0.0%
Expenses	$154,994	$194,792	-0.2%
Net Income	$584,935	$531,152	+0.1%

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

Governance

Voting Members

Independent Members

N/A

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

$1,286,629

Total Directors

$1,133,690

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT VON KAENEL JR	PRESIDENT	0.30	Officer Director	$0	$13,308	$487,783
TIMOTHY BECKER	VICE PRESIDENT AND SECRETA	0.30	Officer Director	$0	$19,900	$306,456
HEATHER ZAK	TREASURER	0.30	Officer Director	$0	$9,683	$213,603
WILLIAM ANSTEY	FORMER TREASURER	0.30	Officer Director	$0	$3,451	$125,848
ANTHONY BARKER	EXECUTIVE DIRECTOR HOUSING	10.00	Officer	$0	$8,324	$152,939
ANDRE PIERRE	FORMER TREASURER	0.30		$0	$0	$40,475
PHILLIP W WEAVER	FORMER PRESIDENT	0.30		$0	$443	$200,010

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	$739,929	$154,994	$8,790,695	$584,935
2022	$725,944	$194,792	$6,227,635	$531,152
2021	$1,293,859	$537,366	$5,646,296	$756,493
2020	$534,166	$573,071	$2,421,094	$-38,905
2019	$1,021,221	$702,850	$2,493,741	$318,371

HOPE NETWORK AFFORDABLE INDEPENDENT LIVING FKA 54TH STREET NPHC