HOPE HEALTH AND WELLNESS CENTER QALICB

EIN: 861324700 501(c)(3) Health Care

HOUSTON, TX

Total Revenue
$233,697
Total Expenses
$1,648,309
Total Assets
$24,099,074
Net Assets
$-2,938,869
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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
TX
Phone
7137730803
Tax Period
2025-01-01 to 2025-12-31

HOPE HEALTH AND WELLNESS CENTER QALICB, founded in 2020, is a small nonprofit in the Health Care sector that reported $234K in total revenue in fiscal year 2025. Expenses of $1.6M exceeded revenue, resulting in a 605% operating deficit.

Mission

N/A

Program Service Accomplishments

Program 1
Expenses: $1,305,503 Revenue: $231,500

LEASE COMMERCIAL BUILDING LOCATED AT 13930 BELLAIRE BOULEVARD, HOUSTON, TEXAS TO THE HEALTH CENTER. THE QALICB WILL OPERATE THE SITE IN A MANNER ENABLING IT TO QUALIFY AS A QUALIFIED ACTIVE LOW...

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LEASE COMMERCIAL BUILDING LOCATED AT 13930 BELLAIRE BOULEVARD, HOUSTON, TEXAS TO THE HEALTH CENTER. THE QALICB WILL OPERATE THE SITE IN A MANNER ENABLING IT TO QUALIFY AS A QUALIFIED ACTIVE LOW INCOME BENEFICIARY THAT RECEIVES QUALIFIED LOW-INCOME INVESTMENT (QLICI) LOANS UNDER THE NEW MARKETS TAX CREDIT (NMTC) PROGRAM.

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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 $231,500
Investment Income $2,197
Other Revenue $0
TOTAL REVENUE $233,697

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,305,503
Other Expenses $1,648,309
TOTAL EXPENSES $1,648,309

Year-over-Year Comparison

2025 2024 Change
Revenue $233,697 $242,341 0.0%
Expenses $1,648,309 $2,129,170 -0.2%
Net Income $-1,414,612 $-1,886,829 -0.3%
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
6
Independent Members
4
Employees
N/A
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
$538,196
Total Directors
6
$538,196
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR ANDREA CARACOSTIS DIRECTOR/CEO 2.0
Officer Director
$0 $26,472 $320,655
JOHN WATSON BOARD CHAIRMAN 2.0
Officer Director
$0 $0 $0
PENNY YANG CFO/SECRETARY/TREASURER 2.0
Officer Director
$0 $15,454 $217,541
DAVID ACOSTA DIRECTOR 2.0
Director
$0 $0 $0
JASON LIM DIRECTOR 2.0
Director
$0 $0 $0
SU NGUYEN DIRECTOR 2.0
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 $233,697 $1,648,309 $24,099,074 $-1,414,612
2024 $242,341 $2,129,170 $26,318,502 $-1,886,829
2023 $289,581 $1,286,619 $28,114,597 $-997,038
2022 $8,375 $185,946 $31,725,320 $-177,571
2021 $1,960,557 $423,376 $31,285,990 $1,537,181
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