NEW HOPE CHARITIES INC

EIN: 650128327 501(c)(3) Philanthropy & Grantmaking

WEST PALM BEACH, FL

Total Revenue
$1,484,289
Total Expenses
$1,781,654
Total Assets
$4,248,857
Net Assets
$4,200,720
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
FL
Principal Officer
JOSE F FANJUL
Phone
5613665094
Tax Period
2023-01-01 to 2023-12-31

NEW HOPE CHARITIES INC, founded in 1988, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.8M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE ORGANIZATION CONTRIBUTES FUNDS, PRODUCTS, AND SERVICES TO THE POOR, UNDERPRIVILEDGED, AND DISTRESSED MEMBERS OF THE COMMUNITY.

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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 $1,195,913
Program Service Revenue $0
Investment Income $7,894
Other Revenue $280,482
TOTAL REVENUE $1,484,289

Expense Breakdown

Grants Paid $111,605
Salaries & Benefits $1,152,782
Fundraising Expenses $0
Program Expenses $888,794
Other Expenses $517,267
TOTAL EXPENSES $1,781,654

Year-over-Year Comparison

2023 2022 Change
Revenue $1,484,289 $1,301,641 +0.1%
Expenses $1,781,654 $1,730,901 +0.0%
Net Income $-297,365 $-429,260 -0.3%
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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Governance

Voting Members
11
Independent Members
11
Employees
16
Volunteers
42

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS F CARNEY JR DIRECTOR 1.00
Director
$0 $0 $0
JOSE PEPE FANJUL CHAIRMAN 1.00
Officer Director
$0 $0 $0
LILLIAN FANJUL PRESIDENT-PB COUNTY DIV. 1.00
Officer Director
$0 $0 $0
ALEJANDRO LONDONO VICE PRESIDENT/TREASURER 1.00
Officer Director
$0 $0 $0
JOSEPH P KLOCK JR ESQ DIRECTOR 1.00
Director
$0 $0 $0
PATRICK O'NEIL PRESIDENT-DADE COUNTY DIV. 1.00
Director
$0 $0 $0
EDWARD ELLIOTT ELSON DIRECTOR 1.00
Director
$0 $0 $0
M WALKER DUVALL CTP CFP DIRECTOR 1.00
Director
$0 $0 $0
BILL BONE ESQ DIRECTOR 1.00
Director
$0 $0 $0
ELLEN BLOCK DIRECTOR 1.00
Director
$0 $0 $0
JULIA CANER DIRECTOR 1.00
Director
$0 $0 $0
LILLIAN M AZQUETA EXECUTIVE DIRECTOR 40.00
Highest
$272,446 $0 $272,446
GUILLERMO RIVERA PROGRAM DIRECTOR 40.00
Highest
$141,781 $0 $141,781
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 $1,484,289 $1,781,654 $4,248,857 $-297,365
2022 $1,301,641 $1,730,901 $4,553,322 $-429,260
2021 $1,396,143 $1,661,847 $5,071,715 $-265,704
2020 $1,312,608 $1,712,467 $5,248,262 $-399,859
2019 $1,574,547 $1,875,890 $5,706,288 $-301,343
2018 $1,963,462 $2,027,740 $5,956,665 $-64,278
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