Hope Center 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

2015

Legal Domicile

Phone

7733712345

Tax Period

2023-01-01 to 2023-12-31

Hope Center Foundation, founded in 2015, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum.

Mission

The organization works to address the root causes contributing to poverty and violence in the community through imaginative, solution-focused programs that provide support in the areas of home ownership, financial literacy, workforce development, youth mentorship, and entrepreneurship.

Program Service Accomplishments

Program 1

Expenses: $1,428,348

R.E.A.D.Y. (Recruit, Employ, Advance & Develop Youth) - To Work is a twenty-week job readiness program designed for low-income youth ages 16-24. The goal of the R.E.A.D.Y. To Work program is to...

R.E.A.D.Y. (Recruit, Employ, Advance & Develop Youth) - To Work is a twenty-week job readiness program designed for low-income youth ages 16-24. The goal of the R.E.A.D.Y. To Work program is to provide exposure and to prepare participants for the workforce by providing career training. Using creative methods, the Hope Center Foundation will recruit, employ, and develop youth by guiding them to become better citizens through active involvement in the workforce.

Program 2

Expenses: $30,419

Hope Center Foundation,in partnership with Chicago Neighborhood Initiatives (CNI) and United Power, will create a pathway to economic opportunity, homeownership, and generational wealth for...

Hope Center Foundation,in partnership with Chicago Neighborhood Initiatives (CNI) and United Power, will create a pathway to economic opportunity, homeownership, and generational wealth for low-to-moderate-income residents of the Roseland community in Chicago. The "Reclaiming Communities" project involves the construction of 1000 single-family, affordable homes to help residents invest in and revitalize their own communities.

Program 3

Expenses: $23,351

The organization provides assistance to those in need each year. The Food give-a-way provided 440 boxes of food and meals to families and supported 449 program participants. Transportation grants...

The organization provides assistance to those in need each year. The Food give-a-way provided 440 boxes of food and meals to families and supported 449 program participants. Transportation grants through Ventra gift cards were given out to cover ride-sharing expenses to assist clients with their transportation needs.

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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 $1,642,711

Program Service Revenue $0

Investment Income $0

Other Revenue $632

TOTAL REVENUE $1,643,343

Expense Breakdown

Grants Paid $366,642

Salaries & Benefits $773,657

Fundraising Expenses $41,129

Program Expenses $1,482,118

Other Expenses $438,598

TOTAL EXPENSES $1,610,897

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,643,343	$980,418	+0.7%
Expenses	$1,610,897	$1,006,438	+0.6%
Net Income	$32,446	$-26,020	-2.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$130,082

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Vice President	2.0	Officer Director	$0	$0	$0
N/A	Secretary/Treasurer	2.0	Officer Director	$0	$0	$0
N/A	Treasurer (part year)	2.0	Officer Director	$0	$0	$0
N/A	President/CEO	2.0	Officer Director	$0	$0	$0
N/A	Board Member	2.0	Director	$0	$0	$0
N/A	Board Member	2.0	Director	$0	$0	$0
N/A	Board Member	2.0	Director	$0	$0	$0
N/A	Executive Director	40.0	Officer	$119,132	$10,950	$130,082

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	$1,643,343	$1,610,897	$3,303,549	$32,446
2022	$980,418	$1,006,438	$559,306	$-26,020
2021	$527,466	$420,111	$228,453	$107,355
2020	$205,980	$181,325	$32,679	$24,655