HOPE HOUSING FOUNDATION CORPORATION

🔒

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

1998

Principal Officer

ALVIN JOHNSON

Phone

2148428075

Tax Period

2022-01-01 to 2022-12-31

HOPE HOUSING FOUNDATION CORPORATION, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $5.8M in total revenue in fiscal year 2022. Revenue surged 107% from the prior year, signaling strong growth momentum. Expenses of $8.8M exceeded revenue, resulting in a 53% operating deficit.

Mission

THE PROMOTION AND CREATION OF QUALITY AFFORDABLE HOUSING FOR SENIORS, STUDENTS, AND LOW TO MODERATE INCOME FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $8,521,333 Revenue: $2,982,899

CONSTRUCT, REHAB AFFORDABLE COMMUNITY HOUSING PROPERTIES FOR LOW AND MODERATE INCOME PERSONS, AND PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME TENANTS.

🔒

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 (2022)

Revenue Breakdown

Contributions & Grants $390,616

Program Service Revenue $2,982,899

Investment Income $1,867,015

Other Revenue $523,259

TOTAL REVENUE $5,763,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,356,151

Fundraising Expenses $0

Program Expenses $8,521,333

Other Expenses $7,477,154

TOTAL EXPENSES $8,833,305

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,763,789	$2,782,264	+1.1%
Expenses	$8,833,305	$5,222,706	+0.7%
Net Income	$-3,069,516	$-2,440,442	+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

N/A

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

$185,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALVIN JOHNSON	PRESIDENT	40.00	Officer	$185,000	$0	$185,000
DERRICK BRIDGETT	DIRECTOR	N/A	Director	$0	$0	$0
DARREL FOSTER	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN RICHARDSON	DIRECTOR	N/A	Director	$0	$0	$0
DARREN STOVER	DIRECTOR	N/A	Director	$0	$0	$0
PAMELA THOMAS	DIRECTOR	N/A	Director	$0	$0	$0
DONERIC NORWOOD	CHAIRMAN	N/A	Officer	$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
2022	$5,763,789	$8,833,305	$70,142,905	$-3,069,516
2021	$2,782,264	$5,222,706	$20,178,282	$-2,440,442
2020	$2,226,687	$5,317,609	$21,364,839	$-3,090,922