Housing With Hope Foundation Inc

EIN: 850533386 501(c)(3) Housing & Shelter

Scotch Plains, NJ

Total Revenue
$9,205
Total Expenses
$28,917
Total Assets
$228,781
Net Assets
$4,637
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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
2020
Legal Domicile
NJ
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

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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 $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
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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
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anthony Fasolas President 0.00
Officer
$0 $0 $0
Bernadette Fasolas Vice President 0.00
Officer
$0 $0 $0
Christina Fasolas Secretary 0.00
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
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