RAY OF HOPE INSTITUTE INC

EIN: 852872171 501(c)(3) Mental Health

Haverstraw, NY

Total Revenue
$1,033,059
Total Expenses
$940,579
Total Assets
$312,006
Net Assets
$259,645
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NY
Principal Officer
Zeldy Brodye
Phone
8456001185
Tax Period
2023-01-01 to 2023-12-31

RAY OF HOPE INSTITUTE INC, founded in 2020, is a community nonprofit in the Mental Health sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 118% from the prior year, signaling strong growth momentum. Expenses of $941K left a modest 9% surplus.

Mission

RAY OF HOPE SUPPORTS MALE AND FEMALE SURVIVORS OF SEXUAL ABUSE AND THEIR SPOUSES TO FOSTER RECOVERY AND HEALING. RAY OF HOPE PROVIDES MEANINGFUL OPPORTUNITIES FOR CONNECTION FOR THOSE AFFECTED BY SEXUAL ABUSE. OPPORTUNITIES INCLUDE BUT ARE NOT LIMITED TO PROFESSIONALLY FACILITATED PEER SUPPORT GROUPS, CARE MANAGEMENT PROGRAM, EVENTS, HEALING RETREATS AND CARE PACKAGES. RAY OF HOPE HELPS CREATE A SUPPORTIVE COMMUNITY FOCUSED ON CULTIVATING COMPANIONSHIP, NURTURING RESILIENCE,AND PROMOTING HEALING. IT IS A PLACE WHERE SURVIVORS CAN BUILD FRIENDSHIPS THAT WILL PROVIDE SUPPORT TO NAVIGATE THEIR TRAUMA AND OVERCOME THEIR PERSONAL CHALLENGES GIVING THEM A SENSE OF BELONGING. FOR THESE SURVIVORS OF ABUSE WHOSE LIVES HAVE BEEN FILLED WITH SO MUCH DARKNESS, RAY OF HOPE IS A LIGHT TO SEE A BRIGHTER FUTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $994,322
Program Service Revenue $38,737
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,033,059

Expense Breakdown

Grants Paid $0
Salaries & Benefits $408,718
Fundraising Expenses $266,300
Program Expenses $508,049
Other Expenses $531,861
TOTAL EXPENSES $940,579

Year-over-Year Comparison

2023 2022 Change
Revenue $1,033,059 $474,221 +1.2%
Expenses $940,579 $464,772 +1.0%
Net Income $92,480 $9,449 +8.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
4
Employees
5
Volunteers
4

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
$158,302
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Zeldy Brodye CEO 40.00
Officer
$107,540 $0 $107,540
Abby Delouya COO 40.00
Officer
$50,762 $0 $50,762
Yitzchock Rosell Board Member 0.50
Director
$0 $0 $0
Nancy Freedberg Board Member 0.50
Director
$0 $0 $0
Ben Phillipson Secretary 0.75
Officer Director
$0 $0 $0
Debbie Hartman Board Member 0.25
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 No data No data No data No data
2023 $1,033,059 $940,579 $312,006 $92,480
2022 $474,221 $464,772 $188,702 $9,449
2021 $344,794 $191,081 $183,152 $153,713
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