WASHINGTON, DC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)1231-1235 GOOD HOPE ROAD INC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $135K in total revenue in fiscal year 2024. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 874% operating deficit.
TO INTEGRALLY SUPPORT THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF, THE WASHINGTON AREA COMMUNITY INVESTMENT FUND, INC (WACIF).
1231-1235 GOOD HOPE ROAD, INC. (THE CORPORATION) ACQUIRED SAID PROPERTY FOR THE PURPOSE OF CREATING A HUB FOR INCLUSIVE ENTREPRENEURSHIP, LEVERAGING MULTIPLE SOURCES OF CAPITAL, INCLUDING THE NEW...
1231-1235 GOOD HOPE ROAD, INC. (THE CORPORATION) ACQUIRED SAID PROPERTY FOR THE PURPOSE OF CREATING A HUB FOR INCLUSIVE ENTREPRENEURSHIP, LEVERAGING MULTIPLE SOURCES OF CAPITAL, INCLUDING THE NEW MARKETS TAX CREDITS (NMTC) PROGRAM, TO DESIGN, CONSTRUCT, AND EQUIP, OPERATE AND MAINTAIN COMMERCIAL, OFFICE, AND RETAIL SPACE IN THE WARD 8 COMMUNITY OF WASHINGTON, D.C. BY SEEKING QUALIFICATION AS A "QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS" UNDER SECTION 45D OF THE CODE. THE CORPORATION INTENDS TO CARRY ON THE CONSTRUCTION, DEVELOPMENT, AND EQUIPPING OF THE PROJECT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $135,004 | $3,758,184 | -1.0% |
| Expenses | $1,315,288 | $136,606 | +8.6% |
| Net Income | $-1,180,284 | $3,621,578 | -1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ANNE MORRISON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DAWNN LEARY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KEVIN FRYATT | CFOO & CO-INTERIM CEO UNTIL 5/3/24 | 2.00 |
Officer
Director
|
$0 | $11,988 | $94,825 |
| SHANNAN HERBERT | CHIEF EXECUTIVE OFFICER | 2.00 |
Officer
|
$0 | $23,544 | $233,491 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $135,004 | $1,315,288 | $7,804,212 | $-1,180,284 |
| 2023 | $3,758,184 | $136,606 | $10,931,642 | $3,621,578 |
| 2022 | $188,200 | $209,071 | $6,483,142 | $-20,871 |
| 2021 | $1,002,229 | No data | $6,316,833 | No data |
Compare 1231-1235 GOOD HOPE ROAD INC with other nonprofits in District of Columbia and across the country.