NEW HOPE CHARITIES 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

1988

Legal Domicile

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

NEW HOPE CHARITIES, INC. IS STRENGTHENING DISADVANTAGED COMMUNITIES THROUGH PROGRAMS AND COLLABORATIONS THAT SUPPORT INDIVIDUALS AND FAMILIES AS THEY DEVELOP THE SKILLS NECESSARY TO REACH THEIR FULL POTENTIAL. OUR ULTIMATE GOAL IS TO BUILD SUSTAINABLE FAMILIES AND COMMUNITIES THAT WILL FLOURISH.

Program Service Accomplishments

Program 1

Expenses: $87,872

THE DADE PROJECT CONSISTS OF GRANTS ADMINISTERED BY FATHER PATRICK O'NEILL TO AID WITH MEDICAL, EDUCATIONAL, HOUSING, AND MISCELLANEOUS EXPENSES OF THE NEEDY. THE MISCELLANEOUS GRANTS ARE GENERAL...

THE DADE PROJECT CONSISTS OF GRANTS ADMINISTERED BY FATHER PATRICK O'NEILL TO AID WITH MEDICAL, EDUCATIONAL, HOUSING, AND MISCELLANEOUS EXPENSES OF THE NEEDY. THE MISCELLANEOUS GRANTS ARE GENERAL GRANTS TO HELP WITH SUCH THINGS AS GROCERIES, FUNERAL EXPENSES, ETC.

Program 2

Expenses: $800,922

OTHER PALM BEACH PROGRAMS INCLUDE THE PAHOKEE PROGRAM AND THE MIR PROJECT: THE PAHOKEE PROGRAMS CONSISTS OF THE FAMILY CENTER. THIS IS MADE UP OF DAY CARE AND YOUTH CENTERS AND COLLECTION AND...

OTHER PALM BEACH PROGRAMS INCLUDE THE PAHOKEE PROGRAM AND THE MIR PROJECT: THE PAHOKEE PROGRAMS CONSISTS OF THE FAMILY CENTER. THIS IS MADE UP OF DAY CARE AND YOUTH CENTERS AND COLLECTION AND DISTRIBUTION OF FOOD AND CLOTHES TO THE NEEDY PROGRAM. THE MIR PROJECT INCLUDES AID TO THE MIR FOUNDATION, WHICH USES THE FUNDS TO PROVIDE FOOD, SHELTER, AND EDUCATION ASSISTANCE TO THE NEEDY.

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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 $1,195,913

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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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

Total Directors

Key Employees

Highest Compensated

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