RENAISSANCE OF HOPE INC

EIN: 862582496 501(c)(3) Housing & Shelter

DETROIT, MI

Total Revenue
$1,387,767
Total Expenses
$919,983
Total Assets
$757,601
Net Assets
$757,501
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
MI
Principal Officer
Andrew Merritt
Phone
2484676562
Tax Period
2023-01-01 to 2023-12-31

RENAISSANCE OF HOPE INC, founded in 2021, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 135% from the prior year, signaling strong growth momentum. The organization ran a surplus of $468K, a strong 34% operating margin.

Mission

TO SPREAD THE WORD OF JESUS CHRIST

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,387,767
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,387,767

Expense Breakdown

Grants Paid $0
Salaries & Benefits $124,685
Fundraising Expenses $0
Program Expenses $887,506
Other Expenses $795,298
TOTAL EXPENSES $919,983

Year-over-Year Comparison

2023 2022 Change
Revenue $1,387,767 $590,000 +1.4%
Expenses $919,983 $115,300 +7.0%
Net Income $467,784 $474,700 0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
2

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
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bishop Andrew Merritt President 20.00
Director
$0 $0 $0
David Merritt Secretary 2.00
Officer Director
$0 $0 $0
Jonathan Merritt Vice President 2.00
Officer Director
$0 $0 $0
Viveca Merritt Treasurer 2.00
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
2024 No data No data No data No data
2023 $1,387,767 $919,983 $757,601 $467,784
2022 $590,000 $115,300 $500,171 $474,700
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare RENAISSANCE OF HOPE INC with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.