Center for Hope and Renewal Inc

EIN: 854311798 501(c)(3) Mental Health

Jersey City, NJ

Total Revenue
$1,714,435
Total Expenses
$1,674,657
Total Assets
$147,638
Net Assets
$137,797
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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
2021
Legal Domicile
NJ
Principal Officer
Cathy Hong
Phone
8622120913
Tax Period
2025-01-01 to 2025-12-31

Center for Hope and Renewal Inc, founded in 2021, is a community nonprofit in the Mental Health sector that reported $1.7M in total revenue in fiscal year 2025.

Mission

To provide quality mental healthcare for privately insured clients and under resourced clients.

Program Service Accomplishments

Program 1
Expenses: $1,325,514 Revenue: $1,714,432

To provide quality mental healthcare for privately insured clients and under resourced clients.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,714,432
Investment Income $3
Other Revenue $0
TOTAL REVENUE $1,714,435

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,434,680
Fundraising Expenses $0
Program Expenses $1,325,514
Other Expenses $239,977
TOTAL EXPENSES $1,674,657

Year-over-Year Comparison

2025 2024 Change
Revenue $1,714,435 $1,658,168 +0.0%
Expenses $1,674,657 $1,591,050 +0.1%
Net Income $39,778 $67,118 -0.4%
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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Governance

Voting Members
3
Independent Members
1
Employees
28
Volunteers
1

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
$158,700
Total Directors
3
$158,700
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cathy Hong Vice President 1.00
Officer Director
$143,700 $0 $143,700
Craig Okpala President 10.00
Officer Director
$15,000 $0 $15,000
Kaitlyn Orwig 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
2025 $1,714,435 $1,674,657 $147,638 $39,778
2024 $1,658,168 $1,591,050 $165,500 $67,118
2023 $1,310,790 $1,344,315 $49,141 $-33,525
2022 $811,162 $767,851 $69,231 $43,311
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