New Hope Housing Inc (EIN 731419279) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

Joy Horak-Brown

Phone

7132220290

Tax Period

2024-01-01 to 2024-12-31

New Hope Housing Inc, founded in 1993, is a mid-sized nonprofit in the Housing & Shelter sector that reported $15.5M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $10.3M, a strong 67% operating margin.

Mission

To provide life-stabilizing, affordable housing and support for people with very limited incomes.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,870,786

Program Service Revenue $1,211,518

Investment Income $1,417,348

Other Revenue $0

TOTAL REVENUE $15,499,652

Expense Breakdown

Grants Paid $23,247

Salaries & Benefits $2,653,859

Fundraising Expenses $1,269,974

Program Expenses $2,216,628

Other Expenses $2,497,832

TOTAL EXPENSES $5,174,938

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,499,652	$19,111,342	-0.2%
Expenses	$5,174,938	$4,925,781	+0.1%
Net Income	$10,324,714	$14,185,561	-0.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

231

Volunteers

160

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

$806,896

Total Directors

Key Employees

$655,912

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ricardo Rivas	Chairman	9.00	Officer Director	$0	$0	$0
Andrea M Link	Vice Chair	3.00	Officer Director	$0	$0	$0
Kevin Fulton	Secretary	1.00	Officer Director	$0	$0	$0
Janice E Walker	Treasurer	2.00	Officer Director	$0	$0	$0
Sanford W Criner Jr	Chairman Emeritus	1.00	Director	$0	$0	$0
Michael M Fowler	Chairman Emeritus	1.00	Director	$0	$0	$0
Kenneth J Valach	Chairman Emeritus	1.00	Director	$0	$0	$0
James F Craig III	Director	1.00	Director	$0	$0	$0
Philip A Croker	Director	1.00	Director	$0	$0	$0
Bolivar M Fraga	Director	1.00	Director	$0	$0	$0
Joseph S Hagan	Director	1.00	Director	$0	$0	$0
Laura R Jaramillo	Director	1.00	Director	$0	$0	$0
Melissa M Noriega	Director	1.00	Director	$0	$0	$0
Carleton Riser	Director	1.00	Director	$0	$0	$0
Vanessa R Schick	Director	1.00	Director	$0	$0	$0
Frank C Steininger	Director	1.00	Director	$0	$0	$0
Joy Horak-Brown	President & CEO	25.00	Officer	$190,800	$924	$382,524
Calvin Tang	CFO (to March)	40.00	Officer	$43,333	$2,385	$45,718
Tamara Foster	EVP Onsite Ops/Strategic Partnership	40.00	Officer	$227,700	$22,041	$249,741
John Peavy	CFO (from July)	40.00	Officer	$128,679	$234	$128,913
Ron Lastimosa	VP Real Estate Development	0.00	Key Emp	$0	$24,541	$234,541
Diana Gross	VP, Philanthrophy & Communications	46.00	Key Emp	$188,250	$22,041	$210,291
Katie Lamb	VP, People & Culture	40.00	Key Emp	$188,250	$22,830	$211,080
Stacey Lastovica	VP Property Management	40.00	Highest	$138,000	$22,641	$160,641
Ash Hussain	Director of Finance	40.00	Highest	$148,000	$15,641	$163,641
Rhonda Bonfield	Dir. of Foundations and Corp Rel.	46.00	Highest	$119,600	$10,482	$130,082
Katherine Anchondo	Real Estate Development Manager	0.00	Highest	$0	$26,981	$144,233
Aziz Ouedraogo	Senior Manager Finance	40.00	Highest	$105,000	$13,483	$118,483

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	$15,499,652	$5,174,938	$97,656,463	$10,324,714
2023	$19,111,342	$4,925,781	$81,752,697	$14,185,561
2022	$4,747,272	$4,351,867	$68,543,203	$395,405
2021	$6,697,564	$2,785,125	$67,689,534	$3,912,439
2020	$12,563,516	$2,947,048	$57,150,932	$9,616,468
2019	$12,495,273	$2,671,504	$49,152,350	$9,823,769
2018	$14,037,598	$2,040,002	$40,615,891	$11,997,596

New Hope Housing Inc