HOUSING FOR NEW HOPE (EIN 582089068) - Form 990 Financial Analysis & Trantor Score

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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

1993

Legal Domicile

Principal Officer

RUSSELL PIERCE

Phone

9194896282

Tax Period

2023-09-01 to 2024-08-31

HOUSING FOR NEW HOPE, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $3.6M left a modest 6% surplus.

Mission

ENDING HOMELESSNESS IN DURHAM, NORTH CAROLINA

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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 $3,085,178

Program Service Revenue $727,916

Investment Income $13,739

Other Revenue $0

TOTAL REVENUE $3,826,833

Expense Breakdown

Grants Paid $718,757

Salaries & Benefits $1,540,842

Fundraising Expenses $112,603

Program Expenses $3,060,104

Other Expenses $1,342,856

TOTAL EXPENSES $3,602,455

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,826,833	$3,025,908	+0.3%
Expenses	$3,602,455	$3,028,127	+0.2%
Net Income	$224,378	$-2,219	-102.1%

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

285

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

$119,815

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERICA MADDOX	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
THOMAS WILLIAMS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
REV BOB KAYNOR	TREASURER	1.00	Officer Director	$0	$0	$0
LIZZY HAZELTINE	DIRECTOR	1.00	Director	$0	$0	$0
JARVIS MARTIN	DIRECTOR	0.50	Director	$0	$0	$0
REV CHRIS TUTTLE	DIRECTOR	1.00	Director	$0	$0	$0
DEREK WILLIAMS	SECRETARY	1.00	Director	$0	$0	$0
ANGELA HOLMES	DIRECTOR	0.50	Director	$0	$0	$0
JEFF MARKO	DIRECTOR	0.50	Director	$0	$0	$0
MARTHA ARANGO	DIRECTOR	0.50	Director	$0	$0	$0
EMILY HERNDON	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH STYRON HOWZE	DIRECTOR	0.50	Director	$0	$0	$0
CARMELLA LABIANCA	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE SCHRAMM-SAPYTA	DIRECTOR	0.50	Director	$0	$0	$0
RUSSELL PIERCE	EXECUTIVE DIRECTOR	45.00	Officer	$106,988	$12,827	$119,815

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	$3,826,833	$3,602,455	$12,170,086	$224,378
2023	$3,025,908	$3,028,127	$12,190,188	$-2,219
2022	$3,790,070	$3,846,211	$6,208,701	$-56,141
2021	$3,701,593	$3,282,935	$6,369,080	$418,658
2020	$2,555,024	$2,295,602	$5,721,056	$259,422
2019	$2,484,884	$2,336,063	$5,173,415	$148,821
2018	$2,636,410	$2,377,048	$5,039,364	$259,362

HOUSING FOR NEW HOPE