Housing With 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

2020

Legal Domicile

Principal Officer

Anthony Fasolas

Phone

9739704797

Tax Period

2024-01-01 to 2024-12-31

Housing With Hope Foundation Inc, founded in 2020, is a micro nonprofit in the Housing & Shelter sector that reported $9K in total revenue in fiscal year 2024. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $29K exceeded revenue, resulting in a 214% operating deficit.

Mission

To enrich the quality of life for low-income seniors in New Jersey by providing affordable housing, programs, and services

Program Service Accomplishments

Program 1

Expenses: $28,917

Housing with Hope's Senior FunPASS Program provides Seniors access to programs at a variety of facilities where they can meet new friends and engage in activities they love. In partnership with local organizations, daily programs are available for seniors to enjoy. Current partners include: All Saints' Episcopal Church, JCC of Central NJ and select senior housing facilities. All classes are free and open to the Seniors of all faiths. Housing with Hope also provides affordable housing to three families who receive subsidized rent.

🔒

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 $4,500

Program Service Revenue $7,925

Investment Income $0

Other Revenue $-3,220

TOTAL REVENUE $9,205

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,917

Other Expenses $28,917

TOTAL EXPENSES $28,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,205	$101,707	-0.9%
Expenses	$28,917	$91,082	-0.7%
Net Income	$-19,712	$10,625	-2.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Anthony Fasolas	President	Officer	$0	$0	$0
Bernadette Fasolas	Vice President	Officer	$0	$0	$0
Christina Fasolas	Secretary	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
2024	$9,205	$28,917	$228,781	$-19,712
2023	$101,707	$91,082	$264,795	$10,625
2022	$113,256	$109,086	$269,171	$4,170
2021	$71,672	$61,969	$16,112	$9,703