HOPE COMMUNITY BUILDERS

EIN: 541885559 501(c)(3) Community Improvement

Rockingham, VA

Total Revenue
$538,131
Total Expenses
$426,737
Total Assets
$3,301,085
Net Assets
$2,635,611
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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
1998
Legal Domicile
VA
Principal Officer
Asrat Gebre
Phone
5408106510
Tax Period
2024-01-01 to 2024-12-31

HOPE COMMUNITY BUILDERS, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $538K in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $111K, a strong 21% operating margin.

Mission

1. Construction of affordable homes for low to moderate income resident whose income is 80% or below the median income adjusted for family size.

Program Service Accomplishments

Program 1
Expenses: $242,196 Revenue: $367,755

Construction of Affordable homes

Program 2
Expenses: $0 Revenue: $0

We have continued to provide affordable homes for low and moderate income residents whose median income is 80% or below the median income adjusted for family size. We have continued to partner with...

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We have continued to provide affordable homes for low and moderate income residents whose median income is 80% or below the median income adjusted for family size. We have continued to partner with the Virginia Department of Housing and Community Development who administer the HOME fund which makes the homes more affordable.

Program 3
Expenses: $0 Revenue: $0

No other Service that generates revenue

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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 $367,755
Investment Income $2,030
Other Revenue $168,346
TOTAL REVENUE $538,131

Expense Breakdown

Grants Paid $0
Salaries & Benefits $183,138
Fundraising Expenses $0
Program Expenses $242,196
Other Expenses $243,599
TOTAL EXPENSES $426,737

Year-over-Year Comparison

2024 2023 Change
Revenue $538,131 $2,089,284 -0.7%
Expenses $426,737 $2,456,813 -0.8%
Net Income $111,394 $-367,529 -1.3%
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
6
Independent Members
6
Employees
3
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
0
$0
Total Directors
5
$0
Key Employees
2
$170,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Asrat Gebre CEO 40
Key Emp Highest
$120,000 $0 $120,000
Brian Sullivan General Manager - Construction 40
Key Emp
$50,000 $0 $50,000
Sarah Sampson Board Member 1
Director
$0 $0 $0
Eileen Gilmore Board Member 1
Director
$0 $0 $0
Sandra Suarez Board Member 1
Director
$0 $0 $0
Cephornia Smith Board Member 1
Director
$0 $0 $0
Richard Taveras Chairman of the Board 1
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
2024 $538,131 $426,737 $3,301,085 $111,394
2023 $2,089,284 $2,456,813 $3,333,286 $-367,529
2022 $575,309 $321,939 $3,381,767 $253,370
2021 $1,147,223 $996,947 $3,788,610 $150,276
2020 $269,420 $299,158 $4,845,194 $-29,738
2019 $935,078 $293,470 $4,874,098 $641,608
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