HOUSING FOR HOPE INC

EIN: 462084353 501(c)(3) Housing & Shelter

PHOENIX, AZ

Total Revenue
$1,666,736
Total Expenses
$2,103,082
Total Assets
$23,178,467
Net Assets
$3,486,186
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
AZ
Principal Officer
PAUL S MULLIGAN
Phone
6026504852
Tax Period
2024-07-01 to 2025-06-30

HOUSING FOR HOPE INC, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $2.1M exceeded revenue, resulting in a 26% operating deficit.

Mission

WE AFFIRM THE WORTH AND DIGNITY OF ALL TO REALIZE THEIR GOD-GIVEN POTENTIAL, AND WE ASPIRE TO BE A TRUSTED NAME FOR DEVELOPING HOUSING COMMUNITIES THAT SERVE AS SAFE HOMES FOR VULNERABLE FAMILIES AND INDIVIDUALS.

Program Service Accomplishments

Program 1
Expenses: $1,401,504 Revenue: $1,275,510

HOUSING FOR HOPE IS A PUBLIC 501(C)(3) CHARITY WHOSE MISSION IS TO PROVIDE SAFE AND BEAUTIFUL HOUSING COMMUNITIES FOR FAMILIES LIVING ON LOW INCOMES. THIS AFFORDABLE HOUSING IS MADE POSSIBLE BY OUR...

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HOUSING FOR HOPE IS A PUBLIC 501(C)(3) CHARITY WHOSE MISSION IS TO PROVIDE SAFE AND BEAUTIFUL HOUSING COMMUNITIES FOR FAMILIES LIVING ON LOW INCOMES. THIS AFFORDABLE HOUSING IS MADE POSSIBLE BY OUR PARTNERSHIPS WITH SUPPORTERS, PRIVATE DEVELOPERS AND STATE, COUNTY AND CITY SUPPORTERS. FOUNDED IN 2011, HOUSING FOR HOPE OPENED ITS DOORS TO ADDRESS THE NEED FOR AFFORDABLE HOUSING IN PHOENIX. WITH THIRTY SEVEN AFFORDABLE HOUSING UNITS FOR EVERY 100 LOW-INCOME FAMILIES, LOW RENT PRICED HOUSING IS CRUCIAL FOR PREVENTING HOMELESSNESS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $391,226
Program Service Revenue $1,274,440
Investment Income $0
Other Revenue $1,070
TOTAL REVENUE $1,666,736

Expense Breakdown

Grants Paid $0
Salaries & Benefits $167,603
Fundraising Expenses $0
Program Expenses $1,401,504
Other Expenses $1,935,479
TOTAL EXPENSES $2,103,082

Year-over-Year Comparison

2024 2023 Change
Revenue $1,666,736 $1,642,821 +0.0%
Expenses $2,103,082 $1,729,454 +0.2%
Net Income $-436,346 $-86,633 +4.0%
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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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
4
Employees
N/A
Volunteers
4

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
4
$372,606
Total Directors
6
$372,606
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL MULLIGAN SECRETARY 2.00
Officer Director
$0 $29,856 $222,615
STEPHEN CAPOBRES EXECUTIVE DIRECTOR 20.00
Officer Director
$0 $1,485 $149,991
MARCUS SIPOLT CHAIRMAN 2.00
Officer Director
$0 $0 $0
DAVID PADDISON TREASURER 2.00
Officer Director
$0 $0 $0
QUINN WILLIAMS DIRECTOR 2.00
Director
$0 $0 $0
SANDI FLORES DIRECTOR 2.00
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 $1,666,736 $2,103,082 $23,178,467 $-436,346
2024 $1,642,821 $1,729,454 $20,269,098 $-86,633
2023 $1,254,141 $1,467,373 $14,578,270 $-213,232
2022 $1,587,623 $1,469,025 $10,459,664 $118,598
2021 $2,051,724 $1,321,330 $10,598,109 $730,394
2020 $1,417,125 $1,317,558 $9,193,544 $99,567
2019 $1,934,971 $1,206,647 $8,915,567 $728,324
2018 $3,798,566 $902,738 $8,228,246 $2,895,828
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