HOPE IGNITES BALTIMORE INC

EIN: 522356443 501(c)(3)

Baltimore, MD

Total Revenue
$1,040,686
Total Expenses
$953,615
Total Assets
$1,820,274
Net Assets
$1,673,114
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
MO
Principal Officer
Paige Coressel
Phone
4435033463
Tax Period
2024-07-01 to 2025-06-30

HOPE IGNITES BALTIMORE INC, founded in 1977, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $954K left a modest 8% surplus.

Mission

The program provides housing and educational assistance for abandoned, abused, and neglected youths in a family environment that allows them to mature and succeed.

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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 $977,392
Program Service Revenue $54,942
Investment Income $8,352
Other Revenue $0
TOTAL REVENUE $1,040,686

Expense Breakdown

Grants Paid $0
Salaries & Benefits $606,440
Fundraising Expenses $142,446
Program Expenses $688,292
Other Expenses $347,175
TOTAL EXPENSES $953,615

Year-over-Year Comparison

2024 2023 Change
Revenue $1,040,686 $812,184 +0.3%
Expenses $953,615 $810,522 +0.2%
Net Income $87,071 $1,662 +51.4%
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
15
Independent Members
15
Employees
19
Volunteers
38

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
0
$0
Total Directors
14
$132,380
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Arlene Hackbarth Executive Director 40
Director
$100,555 $0 $100,555
Paige Coressel Executive Director 40
Director
$31,825 $0 $31,825
Jaclyn Pavelec Co Chair 2
Director
$0 $0 $0
Matthew Schofield Board Treasurer 2
Director
$0 $0 $0
Virginia Campbell Program Committee Chair 2
Director
$0 $0 $0
Rodney Elliott Dervelopment 2
Director
$0 $0 $0
Darryl Farrow Development 2
Director
$0 $0 $0
Andrew Hilger Development 2
Director
$0 $0 $0
Bryce Legg Development 2
Director
$0 $0 $0
Julian Lloyd Development 2
Director
$0 $0 $0
Noah Wheeler Development 2
Director
$0 $0 $0
Matthew Youssef Development 2
Director
$0 $0 $0
Kristi Yowell Board Secretary 2
Director
$0 $0 $0
David Robinson Board Chair 2
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 $1,040,686 $953,615 $1,820,274 $87,071
2024 $812,184 $810,522 $1,735,261 $1,662
2023 $763,950 $856,811 $1,762,988 $-92,861
2022 $970,416 $855,476 $1,858,548 $114,940
2021 $973,120 $909,973 $1,864,172 $63,147
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