HOPE SOUTH FLORIDA 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

1996

Legal Domicile

Principal Officer

JOSEPH D KENNER

Phone

9545662311

Tax Period

2024-01-01 to 2024-12-31

HOPE SOUTH FLORIDA INC, founded in 1996, is a community nonprofit in the Human Services sector that reported $3.5M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

PROVIDING HOPE FOR THE HOMELESS AND HURTING THROUGH HOUSING, CASE MANAGEMENT, SUPPORT SERVICES AND STRATEGIC ALLIANCES.

Program Service Accomplishments

Program 1

Expenses: $2,984,554 Revenue: $2,135,330

HOPE SOUTH FLORIDA IS A CHRISTIAN-BASED 501(C)(3) NON-PROFIT ORGANIZATION, OPERATING SINCE 1995, THAT HAS PROVIDED EMERGENCY SHELTER, HOUSING ASSISTANCE, AND PHYSICAL AND SUPPORT SERVICES TO...

HOPE SOUTH FLORIDA IS A CHRISTIAN-BASED 501(C)(3) NON-PROFIT ORGANIZATION, OPERATING SINCE 1995, THAT HAS PROVIDED EMERGENCY SHELTER, HOUSING ASSISTANCE, AND PHYSICAL AND SUPPORT SERVICES TO THOUSANDS OF HOMELESS FAMILIES AND INDIVIDUALS. WE EXIST TO BE A HOPE-FILLED COMMUNITY, KEEPING FAMILIES TOGETHER, PROVIDING COMPASSIONATE CARE, AND EQUIPPING THOSE WE SERVE ON A PATH TO HOLISTIC LIFE CHANGE. OUR VISION IS TO END HOMELESSNESS BY EMPOWERING FAMILIES TO BECOME RESILIENT AND INDEPENDENT. OUR DAY CENTER REMAINED OPEN TO UNHOUSED FAMILIES DURING OFFICE HOURS, AND WE HELD WELL-ATTENDED AND EXCITING HOLIDAY CELEBRATIONS FOR HOPE FAMILIES FOR THE THANKSGIVING AND CHRISTMAS HOLIDAYS. WE ALSO CREATED AN AMAZON WISH LIST AND PLANNED HOLIDAY DRIVES TO HELP MEET OUR GUESTS' NEEDS BY WAY OF TOYS, GIFTS AND FOOD ITEMS. HOUSING, PHYSICAL AND SUPPORTIVE SERVICES: -IN 2024, HOPE SOUTH FLORIDA PROVIDED HOUSING SERVICES TO 103 FAMILIES OR MORE THAN 400 INDIVIDUALS, THIS WAS ACCOMPLISHED USING OUR DEDICATED STAFF OF FAMILY ADVOCATES. HOPE SERVED 737 FAMILIES THROUGH THE OUTREACH PROGRAM AND PROVIDED 420 EYE EXAMS AND EYEGLASSES THROUGH VARIOUS PARTNERS. HOPE IS RECOGNIZED AS A LEADER FOR HOUSING HOMELESS FAMILIES IN BROWARD COUNTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,355,367

Program Service Revenue $2,135,330

Investment Income $4,509

Other Revenue $25,233

TOTAL REVENUE $3,520,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,443,720

Fundraising Expenses $38,140

Program Expenses $2,984,554

Other Expenses $2,265,848

TOTAL EXPENSES $3,709,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,520,439	$3,766,754	-0.1%
Expenses	$3,709,568	$3,367,413	+0.1%
Net Income	$-189,129	$399,341	-1.5%

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

952

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
KEN MCKENZIE	EXECUTIVE CH	1.00	Officer Director	$0	$0	$0
MADISON S GULLEY	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
SHAWN WILSON	TREASURER	1.00	Officer Director	$0	$0	$0
TORRENCE R PHILLIPS ESQ	SECRETARY	1.00	Officer Director	$0	$0	$0
DR FRED SCARBROUGH	FOUNDER&CHAI	1.00	Director	$0	$0	$0
STEPHAN TCHIVIDJIAN	DIRECTOR	1.00	Director	$0	$0	$0
TOM SHELTON	DIRECTOR	1.00	Director	$0	$0	$0
JEANE HAH GARNETT	DIRECTOR	1.00	Director	$0	$0	$0
DENISE TRIO	DIRECTOR	1.00	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
2024	$3,520,439	$3,709,568	$1,499,943	$-189,129
2023	$3,766,754	$3,367,413	$1,855,420	$399,341
2022	$3,774,957	$4,354,926	$1,525,651	$-579,969
2021	$4,346,799	$4,308,295	$1,542,501	$38,504
2020	$7,133,898	$6,757,518	$1,684,989	$376,380
2019	$3,575,996	$3,717,158	$1,424,367	$-141,162
2018	$2,756,098	$3,026,941	$1,506,765	$-270,843