THE ESPERANZA GROUP

EIN: 843711795 501(c)(3) Housing & Shelter

WASHINGTON, MI

Total Revenue
$565,154
Total Expenses
$573,674
Total Assets
$683,841
Net Assets
$-84,173
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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
2019
Legal Domicile
MI
Principal Officer
NEIL DOCHERTY
Phone
5867072662
Tax Period
2024-01-01 to 2024-12-31

THE ESPERANZA GROUP, founded in 2019, is a small nonprofit in the Housing & Shelter sector that reported $565K in total revenue in fiscal year 2024. Revenue surged 176% from the prior year, signaling strong growth momentum.

Mission

THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO PROVIDE HOUSING FOR LOW TO MODERATE INCOME FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $565,154
Investment Income $0
Other Revenue $0
TOTAL REVENUE $565,154

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $542,952
Other Expenses $573,674
TOTAL EXPENSES $573,674

Year-over-Year Comparison

2024 2023 Change
Revenue $565,154 $204,697 +1.8%
Expenses $573,674 $221,388 +1.6%
Net Income $-8,520 $-16,691 -0.5%
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

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Governance

Voting Members
3
Independent Members
2
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NEIL DOCHERTY PRESIDENT 20.00
Officer Director
$0 $0 $0
JOSEPHINE DOCHERTY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRIAN DOCHERTY DIRECTOR 1.00
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 $565,154 $573,674 $683,841 $-8,520
2023 $204,697 $221,388 $657,181 $-16,691
2022 $343,074 $285,214 $164,144 $57,860
2021 $91,800 $63,335 $220,678 $28,465
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