URBAN HOPE INC

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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

2000

Legal Domicile

Phone

8043962198

Tax Period

2023-01-01 to 2023-12-31

URBAN HOPE INC, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $918K, a strong 46% operating margin.

Mission

Founded in 2000, Urban Hope is a housing nonprofit that partners with clients to gain financial health, secure safe, quality, affordable rental housing, and chart pathways to homeownership.

Program Service Accomplishments

Program 1

Expenses: $732,098 Revenue: $1,989,201

Highlights of Urban Hopes program accomplishments for 2023: By the end of 2023, Urban Hope provided 35 units of rental housing, with 104 tenants housed throughout the year and living in stable, safe, affordable housing. With tremendous community support, Urban Hope kept 90% of our tenants stably and safely housed throughout the last year. Several of our clients moved from unstable circumstances and escaped displacement by transitioning into our rentals. Urban Hope completed its second new construction project on a land bank lot awarded by the City of Richmond, hired two new staff members, completed a capital campaign for our HW renovations, and were awarded over $1M in competitive grants for the preservation of 16 of our units. Urban Hope maintained partnership with 52 private lenders, which supported the purchase and renovation of properties. Urban Hope continued its successful financial cohort program, matching their savings 5:1, and reducing client debt, helping secure a drivers license and a new car, and much more. We continued offering financial health to the public as well. Urban Hope made great strides towards our mission of making home a cornerstone of opportunity by keeping it affordable.

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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 $1,714,416

Program Service Revenue $274,672

Investment Income $113

Other Revenue $0

TOTAL REVENUE $1,989,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $536,739

Fundraising Expenses $103,211

Program Expenses $732,098

Other Expenses $534,502

TOTAL EXPENSES $1,071,241

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,989,201	$1,545,757	+0.3%
Expenses	$1,071,241	$911,201	+0.2%
Net Income	$917,960	$634,556	+0.4%

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

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

$117,706

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Hale	President	40.00	Officer	$117,706	$0	$117,706
Dontrese Brown	Board Chair	1.00	Officer Director	$0	$0	$0
Shawn Maida	Treasurer	1.00	Officer Director	$0	$0	$0
Nelson Reveley	Secretary	1.00	Officer Director	$0	$0	$0
Caitie Rountree Chan	Director	1.00	Director	$0	$0	$0
Tom Mitchell	Director	1.00	Director	$0	$0	$0
LeGrand Northcutt	Director	1.00	Director	$0	$0	$0
Erin Rose	Director	1.00	Director	$0	$0	$0
Allison Scott	Director	1.00	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	No data	No data	No data	No data
2023	$1,989,201	$1,071,241	$5,375,606	$917,960
2022	$1,561,697	$927,141	$4,846,547	$634,556
2022	$1,545,757	$911,201	$4,846,547	$634,556
2021	$1,058,159	$611,428	$3,532,054	$446,731
2020	$677,007	$373,876	$2,119,532	$303,131
2019	$429,658	$245,163	$1,593,782	$184,495
2018	$331,935	$210,567	$707,861	$121,368