Community of Hope

EIN: 421668898 501(c)(3) Housing & Shelter

Melbourne, FL

Total Revenue
$1,544,361
Total Expenses
$1,530,769
Total Assets
$5,097,538
Net Assets
$870,372
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
FL
Principal Officer
David Young
Phone
3214740966
Tax Period
2023-01-01 to 2023-12-31

Community of Hope, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 108% from the prior year, signaling strong growth momentum.

Mission

Provide housing for homeless families with children. To build hope and healthy families through a helping hand program of structured housing. Allowing families with children to remain together in a safe and decent living environment so that they may grow strong, become self-reliant, transform their lives, and crush the cycle of homelessness and poverty.

Program Service Accomplishments

Program 1
Expenses: $1,085,927 Revenue: $253,541

Permanent Supportive Housing (PSH):Our experience with transitional housing led us to understand and acknowledge that some households are not reasonably able to "pull themselves up by the bootstraps...

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Permanent Supportive Housing (PSH):Our experience with transitional housing led us to understand and acknowledge that some households are not reasonably able to "pull themselves up by the bootstraps and become self-sufficient in the time-frame allotted in a transitional program. In fact, this may not be an appropriate goal due to health, mental health, or other factors beyond the individual's control. For these households we provide permanent housing as long as they meet the requirements of the program.

Program 2
Expenses: $139,061 Revenue: $79,693

Transitional Housing (TH):Transitional Housing was our first program and is still key to what COH does. This program allows families to have supportive services while stabilizing in a safe and...

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Transitional Housing (TH):Transitional Housing was our first program and is still key to what COH does. This program allows families to have supportive services while stabilizing in a safe and affordable home. The fees for this program pay for services, rent, and utilities. This fee is based on income and is not more than 30% of the total income of the household.

Program 3
Expenses: $137,477 Revenue: $141,006

Hope Housing Services (HHS):Considering the increasing gap between typical household income and the average cost of housing in Brevard, Community of Hope does not have the inventory to meet the needs...

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Hope Housing Services (HHS):Considering the increasing gap between typical household income and the average cost of housing in Brevard, Community of Hope does not have the inventory to meet the needs of families in Brevard. We are increasing our inventory as indicated in the goals and objectives below. However, we are also working with private landlords by helping families secure funding that helps offset the expense of market based housing and providing case management services.

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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 $1,035,521
Program Service Revenue $474,240
Investment Income $991
Other Revenue $33,609
TOTAL REVENUE $1,544,361

Expense Breakdown

Grants Paid $713,841
Salaries & Benefits $231,881
Fundraising Expenses $0
Program Expenses $1,374,543
Other Expenses $585,047
TOTAL EXPENSES $1,530,769

Year-over-Year Comparison

2023 2022 Change
Revenue $1,544,361 $740,770 +1.1%
Expenses $1,530,769 $797,414 +0.9%
Net Income $13,592 $-56,644 -1.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
9
Volunteers
92

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
17
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Drew Warren Chief Executive Director 40.00
$67,673 $0 $67,673
David Young President 20.00
Officer
$0 $0 $0
Tracy Masters Vice President 2.00
Officer
$0 $0 $0
Kimberly Hewatt 2nd Vice Presid 2.00
Officer
$0 $0 $0
Alyssa Buchanan Secretary 2.00
Officer
$0 $0 $0
Bartow Willingham Treasurer 2.00
Officer
$0 $0 $0
Bryan Becker Board Member 2.00
Officer
$0 $0 $0
Susan Blair Board Member 2.00
Officer
$0 $0 $0
Kevin Brown Board Member 2.00
Officer
$0 $0 $0
Karen Brown Board Member 2.00
Officer
$0 $0 $0
Judy Dolan-Wood Board Member 2.00
Officer
$0 $0 $0
Gary Hall Board Member 2.00
Officer
$0 $0 $0
Sylvia Herdt Board Member 2.00
Officer
$0 $0 $0
Stephanie Hopper Board Member 2.00
Officer
$0 $0 $0
Megan Howard Board Member 2.00
Officer
$0 $0 $0
Brian Ledford Board Member 2.00
Officer
$0 $0 $0
Ellen Rogers Board Member 2.00
Officer
$0 $0 $0
Mable Williams Board Member 2.00
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 $1,544,361 $1,530,769 $5,097,538 $13,592
2022 $740,770 $797,414 $1,941,601 $-56,644
2021 $642,107 $610,063 $1,873,530 $32,044
2020 $525,695 $561,159 $1,857,926 $-35,464
2019 $418,518 $424,763 $1,743,991 $-6,245
2018 $342,398 $388,425 $1,745,622 $-46,027
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