HELLINGHAUSEN HOPE INC

EIN: 752950009 501(c)(3) Housing & Shelter

MIDLAND, TX

Total Revenue
$1,985,420
Total Expenses
$576,308
Total Assets
$5,395,688
Net Assets
$5,377,688
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
TX
Phone
4325704155
Tax Period
2023-10-01 to 2024-09-30

HELLINGHAUSEN HOPE INC, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 71% operating margin.

Mission

This is a non-profit corp. created pursuant to the provisions of the Texas Non-Profit Corp. Act for the puspose of acting as an instrumentality of the Midland County Housing Authority to promote and develop decent and affordable housing within Midland County for individuals deemed appropriate to receive such services.

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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 $1,480,248
Program Service Revenue $461,813
Investment Income $43,359
Other Revenue $0
TOTAL REVENUE $1,985,420

Expense Breakdown

Grants Paid $0
Salaries & Benefits $114,246
Fundraising Expenses $0
Program Expenses $543,812
Other Expenses $462,062
TOTAL EXPENSES $576,308

Year-over-Year Comparison

2023 2022 Change
Revenue $1,985,420 $1,042,887 +0.9%
Expenses $576,308 $621,846 -0.1%
Net Income $1,409,112 $421,041 +2.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
4
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
3
$28,880
Total Directors
5
$0
Key Employees
1
$28,880
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jennette Castaneda Secretary-Executive Director 015.00
Officer Key Emp
$28,880 $0 $28,880
Andy Armstrong Board Member 001.00
Director
$0 $0 $0
Alan Arron Board Member 001.00
Director
$0 $0 $0
N/A Vice Chair 001.00
Officer Director
$0 $0 $0
Zoe Reyes Board Member 001.00
Director
$0 $0 $0
Rachel Stone Chair 001.00
Officer 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 $1,985,420 $576,308 $5,395,688 $1,409,112
2023 $1,042,887 $621,846 $3,985,688 $421,041
2022 $616,515 $432,085 $3,702,278 $184,430
2021 $759,699 $384,684 $3,544,615 $375,015
2020 $654,222 $338,774 $3,238,322 $315,448
2019 $643,831 $486,009 $2,941,693 $157,822
2018 $1,844,903 $562,072 $2,800,714 $1,282,831
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