MY HOPE FOUNDATION INC

🔒

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

2018

Legal Domicile

Principal Officer

AVIMAEL AREVALO

Phone

3053369678

Tax Period

2024-01-01 to 2024-12-31

MY HOPE FOUNDATION INC, founded in 2018, is a micro nonprofit in the Housing & Shelter sector that reported $68K in total revenue in fiscal year 2024. Revenue surged 1439% from the prior year, signaling strong growth momentum. Expenses of $75K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE MISSION OF THIS ORGANIZATION IS TO PROVIDE AFFORDABLE HOUSING TO THOSE IN NEED AND TO PROVIDE HUMANITARIAN RELIEF TO INDIVIDUALS BOTH DOMESTIC AND INTERNATIONAL.

Program Service Accomplishments

Program 1

Expenses: $71,565

PROVIDE AFFORDABLE HOUSING TO THOSE IN NEED, PROVIDE FOOD TO LOW-INCOME CHILDREN AND TO PROVIDE HUMANITARIAN RELIEF TO INDIVIDUALS BOTH DOMESTIC AND INTERNATIONAL. MY HOPE WAS ABLE TO ASSIST 114...

PROVIDE AFFORDABLE HOUSING TO THOSE IN NEED, PROVIDE FOOD TO LOW-INCOME CHILDREN AND TO PROVIDE HUMANITARIAN RELIEF TO INDIVIDUALS BOTH DOMESTIC AND INTERNATIONAL. MY HOPE WAS ABLE TO ASSIST 114 INDIVIDUALS AND FAMILIES WITH MEDICAL COSTS, HOUSING COSTS, FOOD COSTS AND OTHER HUMANITARIAN RELIEF.

🔒

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 $0

Program Service Revenue $0

Investment Income $68,202

Other Revenue $0

TOTAL REVENUE $68,202

Expense Breakdown

Grants Paid $71,565

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $71,565

Other Expenses $3,864

TOTAL EXPENSES $75,429

Year-over-Year Comparison

	2024	2023	Change
Revenue	$68,202	$4,432	+14.4%
Expenses	$75,429	$60,079	+0.3%
Net Income	$-7,227	$-55,647	-0.9%

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

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
AVIMAEL AREVALO	PRESIDENT	1.00	Officer Director	$0	$0	$0
ODALYS AREVALO	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSUE BINADI AREVALO	TREASURER	1.00	Officer Director	$0	$0	$0
NATHALIE AREVALO	SECRETARY	1.00	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	$68,202	$75,429	$1,834,588	$-7,227
2023	$4,432	$60,079	$1,841,815	$-55,647
2022	$41,663	$40,279	$1,897,462	$1,384
2021	$-14,760	$32,161	$1,896,078	$-46,921
2020	$1,584,628	$7,352	$1,942,999	$1,577,276
2019	$369,535	$3,812	$365,723	$365,723