HOPE DEVELOPMENT CORPORATION C/O CHRISTOPHER VITALE (EIN 862063114) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

CHRISTOPHER VITALE

Phone

4012651934

Tax Period

2023-01-01 to 2023-12-31

HOPE DEVELOPMENT CORPORATION C/O CHRISTOPHER VITALE, founded in 2021, is a micro nonprofit in the Education sector that reported $27K in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $174K exceeded revenue, resulting in a 548% operating deficit.

Mission

SEE PAGE 2, PART III, LINE 1.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,827

Program Service Revenue $25,002

Investment Income $0

Other Revenue $0

TOTAL REVENUE $26,829

Expense Breakdown

Grants Paid $25,002

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $173,755

Other Expenses $148,753

TOTAL EXPENSES $173,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,829	$1,059,834	-1.0%
Expenses	$173,755	$156,343	+0.1%
Net Income	$-146,926	$903,491	-1.2%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER VITALE	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
WILLIAM FISCHER	VP/SECRETARY/DIRECTOR	0.25	Officer Director	$0	$0	$0
THEODORE KAROUSOS	TREASURER/ASST. SECRETARY/DIRECTOR	0.25	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
2024	No data	No data	No data	No data
2023	$26,829	$173,755	$2,049,849	$-146,926
2022	$1,059,834	$156,343	$1,917,663	$903,491
2021	$975,600	$119,225	$2,065,470	$856,375

HOPE DEVELOPMENT CORPORATION C/O CHRISTOPHER VITALE