HARD BARGAIN MT HOPE REDEVELOPMENT INC (EIN 830411768) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

DERRICK SOLOMON

Phone

6155910504

Tax Period

2024-01-01 to 2024-12-31

HARD BARGAIN MT HOPE REDEVELOPMENT INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $653K in total revenue in fiscal year 2024. The organization ran a surplus of $128K, a strong 20% operating margin.

Mission

THE MISSION OF HARD BARGAIN ASSOCIATION IS TO PRESERVE THE HISTORIC HARD BARGAIN NEIGHBORHOOD BY RENOVATING EXISTING HOMES, BUILDING HIGH QUALITY AFFORDABLE HOUSING, AND ENRICHING THE LIVES OF OUR NEIGHBORS.

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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 $726,006

Program Service Revenue $0

Investment Income $14,384

Other Revenue $-86,967

TOTAL REVENUE $653,423

Expense Breakdown

Grants Paid $73,736

Salaries & Benefits $166,208

Fundraising Expenses $62,641

Program Expenses $368,077

Other Expenses $285,113

TOTAL EXPENSES $525,057

Year-over-Year Comparison

	2024	2023	Change
Revenue	$653,423	$611,419	+0.1%
Expenses	$525,057	$433,329	+0.2%
Net Income	$128,366	$178,090	-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

310

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

$87,737

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DERRICK SOLOMON	EXECUTIVE DI	40.00	Officer	$81,000	$6,737	$87,737
ANGELA FLEMING	PRESIDENT	10.00	Officer Director	$0	$0	$0
KEN FARMER	TREASURER	5.00	Officer Director	$0	$0	$0
MIRELLA NEELY	SECRETARY	5.00	Officer Director	$0	$0	$0
KEITH DAVIS	DIRECTOR	5.00	Director	$0	$0	$0
DAVID CRANE	DIRECTOR	5.00	Director	$0	$0	$0
TAMARA REFFEGEE	DIRECTOR	5.00	Director	$0	$0	$0
HOWARD SONNY KELTON	DIRECTOR	5.00	Director	$0	$0	$0
PAM LEWIS	DIRECTOR	5.00	Director	$0	$0	$0
EMILY JENKINS	DIRECTOR	5.00	Director	$0	$0	$0
ANGELA GENTRY JACKSON	DIRECTOR	5.00	Director	$0	$0	$0
DR DANA HARDY	DIRECTOR	5.00	Director	$0	$0	$0
EMILY KORAB	DIRECTOR	5.00	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	$653,423	$525,057	$2,126,702	$128,366
2023	$611,419	$433,329	$1,996,908	$178,090
2022	$590,745	$534,670	$1,812,865	$56,075
2021	$258,580	$326,520	$1,741,165	$-67,940
2020	$268,164	$288,571	$1,809,512	$-20,407
2019	$241,860	$229,353	$1,828,525	$12,507
2018	$279,389	$228,875	$1,649,880	$50,514

HARD BARGAIN MT HOPE REDEVELOPMENT INC