BEACON OF HOPE IN WESTERN TIDEWATER INC

EIN: 921161230 501(c)(3) Human Services

SUFFOLK, VA

Total Revenue
$100,005
Total Expenses
$99,735
Total Assets
$270
Net Assets
$270
🔒

Tuckman-Chang Vulnerability Assessment

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
2022
Legal Domicile
VA
Principal Officer
CHERYL H GRIFFIN
Phone
7579748169
Tax Period
2023-01-01 to 2023-12-31

BEACON OF HOPE IN WESTERN TIDEWATER INC, founded in 2022, is a small nonprofit in the Human Services sector that reported $100K in total revenue in fiscal year 2023.

Mission

CREATION AND OPERATION OF A SHELTER RESOURCE FOR THE SUFFOLK AREA HOMELESS WHERE THEY WILL RECEIVE SHELTER, FOOD, AND CONNECTIONS TO RESOURCES TO REMOVE BARRIERS TO HOMELESSNESS SUCH AS OBTAINING IDS, SNAP BENEFITS, APPLYING FOR SOCIAL SECURITY BENEFITS, DISABILITY, MEDICAL TREATMENTS, ADDICTION TREATMENT, AND OTHER BENEFITS.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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 $100,000
Program Service Revenue $0
Investment Income $5
Other Revenue $0
TOTAL REVENUE $100,005

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,543
Fundraising Expenses $0
Program Expenses $83,906
Other Expenses $84,192
TOTAL EXPENSES $99,735

Year-over-Year Comparison

2023 2022 Change
Revenue $100,005 N/A N/A
Expenses $99,735 N/A N/A
Net Income $270 N/A N/A
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
3
Independent Members
3
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
1
$14,492
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERYL H GRIFFIN EXECUTIVE DI 26.00
Officer
$14,492 $0 $14,492
SUSAN DRAPER BOARD MEMBER N/A
Director
$0 $0 $0
CASSIE POWELL BOARD MEMBER N/A
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 $100,005 $99,735 $270 $270
Explore More Nonprofits
→Top 100 Nonprofits in Virginia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare BEACON OF HOPE IN WESTERN TIDEWATER INC with other nonprofits in Virginia 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.