LIVING HOPE ILM

EIN: 871371703 501(c)(3) Religion

WILMINGTON, NC

Total Revenue
$250,496
Total Expenses
$222,884
Total Assets
$42,993
Net Assets
$39,274
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NC
Principal Officer
MICHAEL A PEREZ
Phone
9102529258
Tax Period
2025-01-01 to 2025-12-31

LIVING HOPE ILM, founded in 2021, is a small nonprofit in the Religion sector that reported $250K in total revenue in fiscal year 2025. Expenses of $223K left a modest 11% surplus.

Mission

LIVING HOPE ILM OPERATES LIVING HOPE DAY CENTER, A ZERO-BARRIER-OF-ENTRY DAY SHELTER SERVING INDIVIDUALS EXPERIENCING HOMELESSNESS THROUGH HOSPITALITY, MEALS, RESOURCE NAVIGATION, SERVICE CONNECTIONS, LIFE STABILIZATION, AND COMPASSIONATE CARE.

Program Service Accomplishments

Program 1
Expenses: $85,810 Revenue: $74,496

PROVIDED MEALS AND MINISTRY TO INDIVIDUALS EXPERIENCING HOMELESSNESS IN WILMINGTON, NC.

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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 $250,440
Program Service Revenue $0
Investment Income $56
Other Revenue $0
TOTAL REVENUE $250,496

Expense Breakdown

Grants Paid $42,141
Salaries & Benefits $146,241
Fundraising Expenses $0
Program Expenses $85,810
Other Expenses $33,374
TOTAL EXPENSES $222,884

Year-over-Year Comparison

2025 2024 Change
Revenue $250,496 N/A N/A
Expenses $222,884 N/A N/A
Net Income $27,612 N/A N/A
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
7
Independent Members
4
Employees
4
Volunteers
100

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
2
$106,393
Total Directors
5
$6,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEANIE BIEKER TREASURER 2.00
Director
$0 $0 $0
MARGARET MCBRIDE-STUART SECRETARY 2.00
Director
$6,000 $0 $6,000
JEREMY HARDY BOARD MEMBER 2.00
Director
$0 $0 $0
JAIME MENDEZ BOARD MEMBER 2.00
Director
$0 $0 $0
DON TITKA BOARD MEMBER 2.00
Director
$0 $0 $0
CHRISTINE PEREZ PRESIDENT 20.00
Officer
$23,077 $0 $23,077
MICHAEL PEREZ VICE PRESIDENT 40.00
Officer
$55,106 $28,210 $83,316
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 $250,496 $222,884 $42,993 $27,612
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