HOPE HOUSING INC

EIN: 581139742 501(c)(3)

Waycross, GA

Total Revenue
$288,330
Total Expenses
$248,687
Total Assets
$973,572
Net Assets
$971,490
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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
1972
Legal Domicile
GA
Tax Period
2023-11-01 to 2024-10-31

HOPE HOUSING INC, founded in 1972, is a small nonprofit that reported $288K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $249K left a modest 14% surplus.

Mission

HOPE HOUSING PROVIDES NONRESIDENTIAL FACILITIES TO OTHER NONPROFIT ORGANIZATIONS, STATE AND LOCAL GOVERNMENTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $288,194
Investment Income $136
Other Revenue $0
TOTAL REVENUE $288,330

Expense Breakdown

Grants Paid $0
Salaries & Benefits $125,848
Fundraising Expenses $0
Program Expenses $248,687
Other Expenses $122,839
TOTAL EXPENSES $248,687

Year-over-Year Comparison

2023 2022 Change
Revenue $288,330 $191,404 +0.5%
Expenses $248,687 $230,980 +0.1%
Net Income $39,643 $-39,576 -2.0%
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
2
Independent Members
2
Employees
5
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL HIGGINSON SEC TREAS 0.00
Officer
$0 $0 $0
RONALD PAULK PRESIDENT 10.00
Officer
$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 $288,330 $248,687 $973,572 $39,643
2023 $191,404 $230,980 $935,393 $-39,576
2022 $499,785 $326,816 $975,399 $172,969
2021 $278,732 $338,543 $802,318 $-59,811
2020 $329,376 $357,431 $860,880 $-28,055
2019 $369,255 $356,326 $887,445 $12,929
2018 $409,975 $401,432 $833,419 $8,543
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