HELPING OVERCOME POVERTY'S EXISTENCE IN

EIN: 541630342 501(c)(3) Housing & Shelter

WYTHEVILLE, VA

Total Revenue
$1,767,094
Total Expenses
$1,717,569
Total Assets
$5,808,667
Net Assets
$2,036,917
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
VA
Principal Officer
JORDAN STIDHAM
Phone
2762286280
Tax Period
2022-07-01 to 2023-06-30

HELPING OVERCOME POVERTY'S EXISTENCE IN, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

BREAKING GENERATIONAL POVERTY THROUGH ENHANCED FOOD ACCESS AND HOUSING STABILITY.

Program Service Accomplishments

Program 1
Expenses: $1,445,424 Revenue: $335,994

HOPE INC. UTILIZES PUBLIC SUPPORT TO ASSIST, COORDINATE AND DEVELOP PROGRAMS TO PROVIDE SAFE, WARM AND DRY AFFORDABLE HOUSING FOR LOWER INCOME RESIDENTS IN ITS SERVICE AREA, INCLUDING THE...

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HOPE INC. UTILIZES PUBLIC SUPPORT TO ASSIST, COORDINATE AND DEVELOP PROGRAMS TO PROVIDE SAFE, WARM AND DRY AFFORDABLE HOUSING FOR LOWER INCOME RESIDENTS IN ITS SERVICE AREA, INCLUDING THE SOUTHWESTERN COUNTIES OF BLAND, CARROLL, GRAYSON, SMYTH AND WYTHE AND THE CITY OF GALAX. HOPE ADMINISTERS STATE AND FEDERAL ASSISTANCE AND INTERVENTION PROGRAMS TO PREVENT HOMELESSNESS, PROVIDE RAPID RE-HOUSING AND PERMANENT SUPPORTIVE HOUSING. HOPE ALSO DEVELOPS AFFORDABLE MULTI-FAMILY HOUSING FOR LOWER INCOME AND DISABLED INDIVIDUALS AND PROVIDES HOMEOWNERSHIP OPPORTUNITIES FOR LOW INCOME FAMILIES.

Program 2

HOPE INC MANAGES TWO FOOD SECURITY PROGRAMS INCLUDING A WEEKLY SCHOOL BACKPACK PROJECT WHICH PROVIDES SUPPLEMENTAL FOOD FOR OVER 800 STUDENTS IN WYTHE AND BLAND COUNTY SCHOOLS. SINCE 2012, HOPE HAS...

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HOPE INC MANAGES TWO FOOD SECURITY PROGRAMS INCLUDING A WEEKLY SCHOOL BACKPACK PROJECT WHICH PROVIDES SUPPLEMENTAL FOOD FOR OVER 800 STUDENTS IN WYTHE AND BLAND COUNTY SCHOOLS. SINCE 2012, HOPE HAS ADMINISTERED A PAY IT FORWARD STYLE CAFE THAT SERVICES LUNCH MONDAY - FRIDAY REGARDLESS OF ONE'S ABILITY TO PAY. OPEN DOOR CAFE, LLC IS WHOLLY OWNED SUBSIDIARY OF HOPE INC.

Program 3

HOPE OPERATES OTHER CAPACITY BUILDING PROGRAMS OUT OF ITS HOPE MINISTRY CENTER OFFICE FACILITY, PROVIDING OFFICE SPACE TO THREE OTHER HUMAN SERVICE AGENCIES AND A BOOKKEEPING SERVICE FOR ELEVEN OTHER...

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HOPE OPERATES OTHER CAPACITY BUILDING PROGRAMS OUT OF ITS HOPE MINISTRY CENTER OFFICE FACILITY, PROVIDING OFFICE SPACE TO THREE OTHER HUMAN SERVICE AGENCIES AND A BOOKKEEPING SERVICE FOR ELEVEN OTHER NON-PROFITS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,401,511
Program Service Revenue $313,727
Investment Income $3,677
Other Revenue $48,179
TOTAL REVENUE $1,767,094

Expense Breakdown

Grants Paid $563,053
Salaries & Benefits $626,994
Fundraising Expenses $38,460
Program Expenses $1,445,424
Other Expenses $527,522
TOTAL EXPENSES $1,717,569

Year-over-Year Comparison

2022 2021 Change
Revenue $1,767,094 $1,591,441 +0.1%
Expenses $1,717,569 $1,936,946 -0.1%
Net Income $49,525 $-345,505 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
17
Volunteers
125

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
6
$129,162
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY ALLISON MEMBER 0.00
Director
$0 $0 $0
KERRINGTOM CROKETT-EANES MEMBER 0.00
Director
$0 $0 $0
CAROLYN DANKOWSKI MEMBER 0.00
Director
$0 $0 $0
ROBERT DETERS MEMBER 0.00
Director
$0 $0 $0
JEAN FARLEY MEMBER 0.00
Director
$0 $0 $0
JODY FIORINI CHAIR 0.00
Officer Director
$0 $0 $0
SHANE HIATT TREASURER 0.00
Officer Director
$0 $0 $0
JEFFERY KYLE VICE CHAIR 0.00
Officer Director
$0 $0 $0
NATE MONTGOMERY SECRETARY 0.00
Officer Director
$0 $0 $0
FRANKIE ODUM MEMBER 0.00
Director
$0 $0 $0
CLAUDIA PERRY MEMBER 0.00
Director
$0 $0 $0
ANGELINE SAFERIGHT-LLYOD MEMBER 0.00
Director
$0 $0 $0
KRISTIN SHUMATE MEMBER 0.00
Director
$0 $0 $0
CINDY STUART MEMBER 0.00
Director
$0 $0 $0
SHELLEY WOODS MEMBER 0.00
Director
$0 $0 $0
DEANNA HASH MEMBER 0.00
Director
$0 $0 $0
BRADLEY YODER MEMBER 0.00
Director
$0 $0 $0
ANDY KEGLEY EXECUTIVE DIRECTOR 1.00
Officer
$62,738 $0 $62,738
JORDAN STIDHAM FINANCE DIRECTOR 1.00
Officer
$66,424 $0 $66,424
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 No data No data No data No data
2024 No data No data No data No data
2023 $1,767,094 $1,717,569 $5,808,667 $49,525
2022 $1,591,441 $1,936,946 $5,246,776 $-345,505
2020 $1,823,719 $1,560,292 $4,167,654 $263,427
2019 $1,568,218 $1,418,848 $4,018,150 $149,370
2018 $1,503,902 $1,143,060 $3,735,079 $360,842
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