HOUSE OF HOPE FOR INDEPENDENT LIVING INC

EIN: 471810728 501(c)(3) Human Services

TEXAS CITY, TX

Total Revenue
$134,336
Total Expenses
$76,684
Total Assets
$383,972
Net Assets
$383,972
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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
2014
Legal Domicile
TX
Phone
8324838533
Tax Period
2024-01-01 to 2024-12-31

HOUSE OF HOPE FOR INDEPENDENT LIVING INC, founded in 2014, is a small nonprofit in the Human Services sector that reported $134K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $58K, a strong 43% operating margin.

Mission

PROVIDES RESIDENCES FOR ADULTS LIVING WITH MENTAL AND PHYSICAL DISABILITIES

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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 $0
Program Service Revenue $134,336
Investment Income $0
Other Revenue $0
TOTAL REVENUE $134,336

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,894
Fundraising Expenses $0
Program Expenses $76,684
Other Expenses $68,790
TOTAL EXPENSES $76,684

Year-over-Year Comparison

2024 2023 Change
Revenue $134,336 $165,168 -0.2%
Expenses $76,684 $92,956 -0.2%
Net Income $57,652 $72,212 -0.2%
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

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
1
Independent Members
1
Employees
1
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
$45,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA JACKSON PRESIDENT 40.00
Officer
$45,000 $0 $45,000
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 $134,336 $76,684 $383,972 $57,652
2023 $165,168 $92,956 $326,320 $72,212
2022 $164,044 $87,763 $254,108 $76,281
2021 $177,300 $96,026 $177,827 $81,274
2020 $156,262 $97,573 $96,553 $58,689
2019 $88,891 $73,665 $37,864 $15,226
2018 $76,191 $66,195 $22,638 $9,996
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