THE HOPE FOR FAMILIES CENTER INC

EIN: 593129752 501(c)(3) Human Services

VERO BEACH, FL

Total Revenue
$2,262,930
Total Expenses
$1,377,020
Total Assets
$7,651,882
Net Assets
$7,617,482
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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
1991
Legal Domicile
FL
Principal Officer
CHARLES CUNNINGHAM
Phone
7725675537
Tax Period
2023-07-01 to 2024-06-30

THE HOPE FOR FAMILIES CENTER INC, founded in 1991, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $886K, a strong 39% operating margin.

Mission

TO PROVIDE OPPORTUNITIES FOR HOMELESS FAMILIES TO END HOMELESSNESS BY ACHIEVING SELF-SUFFICIENCY THROUGH EDUCATION, LIVING WAGES, AND PERMANENT HOUSING.

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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 $2,145,581
Program Service Revenue $15,236
Investment Income $52,881
Other Revenue $49,232
TOTAL REVENUE $2,262,930

Expense Breakdown

Grants Paid $0
Salaries & Benefits $807,193
Fundraising Expenses $174,893
Program Expenses $1,028,433
Other Expenses $569,827
TOTAL EXPENSES $1,377,020

Year-over-Year Comparison

2023 2022 Change
Revenue $2,262,930 $4,269,277 -0.5%
Expenses $1,377,020 $1,246,809 +0.1%
Net Income $885,910 $3,022,468 -0.7%
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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Governance

Voting Members
14
Independent Members
14
Employees
37
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
4
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES CUNNINGHAM PRESIDENT 0.00
Officer Director
$0 $0 $0
SANDRA DIVINE VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
BRUCE ALBRO TREASURER 0.00
Officer Director
$0 $0 $0
WILLIAM SCHMITT DIRECTOR 0.00
Director
$0 $0 $0
RICHARD TOMPKINS DIRECTOR 0.00
Director
$0 $0 $0
DAVID JOHNSON DIRECTOR 0.00
Director
$0 $0 $0
MILLIE YOUNG DIRECTOR 0.00
Director
$0 $0 $0
DAN DOWNEY DIRECTOR 0.00
Director
$0 $0 $0
SCOTT COX DIRECTOR 0.00
Director
$0 $0 $0
ANITA SALZBERG DIRECTOR 0.00
Director
$0 $0 $0
ALPHONSO DIAZ DIRECTOR 0.00
Director
$0 $0 $0
GEORGE COLLINS SECRETARY 0.00
Officer Director
$0 $0 $0
MELISSA WEAVER DIRECTOR 0.00
Director
$0 $0 $0
KEVIN MADDEN DIRECTOR 0.00
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
2025 No data No data No data No data
2024 $2,262,930 $1,377,020 $7,651,882 $885,910
2023 $4,269,277 $1,246,809 $6,659,603 $3,022,468
2022 $1,540,715 $1,134,310 $3,590,140 $406,405
2021 $1,342,152 $1,016,830 $3,133,903 $325,322
2019 $1,965,100 $993,596 $2,446,075 $971,504
2018 $1,137,133 $1,254,681 $1,727,819 $-117,548
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