HOPE GAGNON HOUSING CORPORATION

EIN: 521535534 501(c)(3) Human Services

OXON HILL, MD

Total Revenue
$161,395
Total Expenses
$192,997
Total Assets
$398,515
Net Assets
$60,395
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
MD
Principal Officer
DONNA HURLEY
Phone
3015673330
Tax Period
2018-07-01 to 2019-06-30

HOPE GAGNON HOUSING CORPORATION, founded in 1980, is a small nonprofit in the Human Services sector that reported $161K in total revenue in fiscal year 2018. Expenses of $193K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY AND DISABLED UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT.

Program Service Accomplishments

Program 1
Expenses: $159,378 Revenue: $161,366

MELWOOD-GAGNON HOUSING CORPORATION WAS A MARYLAND CORPORATION ORGANIZED IN 1980 FOR THE PURPOSE OF CONSTRUCTING AND OPERATING FIVE GROUP HOMES CONSISTING OF 15 UNITS FOR THE ELDERLY AND DISABLED IN...

Read more

MELWOOD-GAGNON HOUSING CORPORATION WAS A MARYLAND CORPORATION ORGANIZED IN 1980 FOR THE PURPOSE OF CONSTRUCTING AND OPERATING FIVE GROUP HOMES CONSISTING OF 15 UNITS FOR THE ELDERLY AND DISABLED IN PRINCE GEORGE'S COUNTY, MARYLAND. EFFECTIVE JULY 2013, THE ARTICLES OF INCORPORATION WERE AMENDED TO REFLECT A TRANSFER OF THE BOARD OF DIRECTORS AND TO CHANGE THE NAME OF THE ENTITY TO H.O.P.E. GAGNON HOUSING CORPORATION. THE ENTITY RECEIVES ASSISTANCE UNDER PROVISIONS OF SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. SUCH PROJECTS ARE REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $161,366
Investment Income $29
Other Revenue $0
TOTAL REVENUE $161,395

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $159,378
Other Expenses $192,997
TOTAL EXPENSES $192,997

Year-over-Year Comparison

2018 2017 Change
Revenue $161,395 $161,498 0.0%
Expenses $192,997 $171,336 +0.1%
Net Income $-31,602 $-9,838 +2.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
8

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
$83,810
Total Directors
10
$83,810
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTOINE M THOMPSON CHAIR 0.50
Officer Director
$0 $0 $0
ZENO ST CYR ACTING TREASURER 0.50
Officer Director
$0 $0 $0
KATHERINE CARTER SECRETARY 0.50
Officer Director
$0 $0 $0
DONNA HURLEY PRESIDENT 0.50
Officer Director
$0 $5,926 $83,810
L'TANYA BROWN DIRECTOR 0.50
Director
$0 $0 $0
DORIS CANTY-BROWN DIRECTOR 0.50
Director
$0 $0 $0
JACQUELINE GOODALL DIRECTOR 0.50
Director
$0 $0 $0
TONYA MCCRAY DIRECTOR (UNTIL 1/15/19) 0.50
Director
$0 $0 $0
MELANIE MURRAY MFUME ESQ DIRECTOR (UNTIL 4/30/19) 0.50
Director
$0 $0 $0
ROBERT VRICELLA DIRECTOR 0.50
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
2019 $161,395 $192,997 $398,515 $-31,602
2018 $161,498 $171,336 $438,394 $-9,838
Explore More Nonprofits
→Top 100 Nonprofits in Maryland →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare HOPE GAGNON HOUSING CORPORATION with other nonprofits in Maryland and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.