EVERETT, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOUSING HOPE, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $9.6M in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year. Expenses of $14.7M exceeded revenue, resulting in a 53% operating deficit.
TO PROMOTE AND PROVIDE A CONTINUUM OF SAFE, DECENT, AFFORDABLE HOUSING AND NECESSARY RELATED SERVICES FOR VERY LOW INCOME AND LOW INCOME RESIDENTS OF SNOHOMISH COUNTY AND CAMANO ISLAND.
DURING THE YEAR ENDED JUNE 30, 2023, HOUSING HOPE PROVIDED 601 AFFORDABLE UNITS (INCLUDING TAX CREDIT INCENTIVES) OF WHICH SIX WERE EMERGENCY SHELTER UNITS AND 236 DEDICATED TO SERVING HOUSEHOLDS...
DURING THE YEAR ENDED JUNE 30, 2023, HOUSING HOPE PROVIDED 601 AFFORDABLE UNITS (INCLUDING TAX CREDIT INCENTIVES) OF WHICH SIX WERE EMERGENCY SHELTER UNITS AND 236 DEDICATED TO SERVING HOUSEHOLDS THAT WERE EXPERIENCING HOMELESSNESS. SOCIAL SERVICES TAILORED TO THE NEEDS OF EACH HOUSEHOLD ARE PROVIDED BY THE AGENCY THAT IS CENTERED BY INDIVIDUALIZED FAMILY SUPPORT MANAGEMENT AND BASIC LIFE SKILLS.
THE CHILDHOPE INITIATIVE IS COMPRISED OF FOUR PROGRAMS: TOMORROW'S HOPE CHILD DEVELOPMENT CENTER, PARENTING EDUCATING COURSES AT COLLEGE OF HOPE, HOUSING HOPE'S TEEN AND YOUNG FAMILIES PROGRAM, AND...
THE CHILDHOPE INITIATIVE IS COMPRISED OF FOUR PROGRAMS: TOMORROW'S HOPE CHILD DEVELOPMENT CENTER, PARENTING EDUCATING COURSES AT COLLEGE OF HOPE, HOUSING HOPE'S TEEN AND YOUNG FAMILIES PROGRAM, AND IN-HOME INTERVENTIONS PROVIDED BY CHILD AND FAMILY SPECIALISTS. EACH OF THESE PROGRAMS HELP HOMELESS AND VERY LOW-INCOME CHILDREN RECOVER FROM EARLY TRAUMAS, SETTING THEM ON THE PATH TOWARD A LIFETIME OF SUCCESS. DURING THE YEAR ENDED JUNE 30, 2023, THESE PROGRAMS SERVED 171 CHILDREN, 185 PARENTS, AND 121 FAMILIES.
THE AGENCY'S SOCIAL SERVICE PROGRAM HAS BEEN "VOCATIONALIZED" TO HELP PARTICIPANTS GAIN CRITICAL JOB READINESS SKILLS NECESSARY TO BE COMPETITIVE IN THE JOB MARKET AND TO CONTRIBUTE POSITIVELY TO THE...
THE AGENCY'S SOCIAL SERVICE PROGRAM HAS BEEN "VOCATIONALIZED" TO HELP PARTICIPANTS GAIN CRITICAL JOB READINESS SKILLS NECESSARY TO BE COMPETITIVE IN THE JOB MARKET AND TO CONTRIBUTE POSITIVELY TO THE COMMUNITY'S WORKFORCE. EMPLOYMENT READINESS PROGRAM COMPONENTS INCLUDE CLASSES, COACHING, MENTORING AND VOLUNTEERING AND PAID JOBS EXPERIENCES. AS PARTICIPANTS INCREASE THEIR EMPLOYMENT READINESS SKILLS, THEY ARE ASSISTED TO SECURE PERMANENT PAID EMPLOYMENT THAT BECOMES THE LAUNCHING PAD FOR HELPING THEM DETERMINE A CAREER DIRECTION AND PATH. DURING THE YEAR ENDED JUNE 30, 2023, THE COLLEGE OF HOPE PROGRAM PROVIDED 271 INDIVIDUALS CLASSES TO IMPROVE THEIR SKILLS AND KNOWLEDGE IN THE AREAS OF PARENTING & FAMILY LIFE, MENTAL HEALTH, ECONOMIC WELLBEING, HEALTH & WELLNESS AND HOUSING EXPERTISE.
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $9,610,580 | $11,092,124 | -0.1% |
| Expenses | $14,686,313 | $12,113,531 | +0.2% |
| Net Income | $-5,075,733 | $-1,021,407 | +4.0% |
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 |
|---|---|---|---|---|---|---|
| CHARLES FREDRICK SAFSTROM | CEO | 40.00 |
Officer
Director
|
$144,167 | $54,635 | $198,802 |
| TOM BERQUIST | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER MARVIN | VICE-PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KIRBY DUNCAN | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALKA ATAL-BARRIO | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| AARON ADELSTEIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TONY BALK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| COLM BOER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURA BRENT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFF CAPELOTO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| HAROLD DASH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KAY FREDERICKSON-KOLB | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS GRAY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NIK HALLADAY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTINA JORGENSEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| J SKELLY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BARB YATES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LOUISE STANTON-MASTEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PAUL PITRE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MINDY WOODS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIK HOUSER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JANICE NISHIKAWA | CFO | 40.00 |
Officer
|
$139,101 | $11,306 | $150,407 |
| RENATA HOYLE MAYBRUCK | COO | 40.00 |
Officer
|
$129,851 | $14,724 | $144,575 |
| CANDACE CHAMLEE | HR & ADMIN DIRECTOR | 40.00 |
Highest
|
$116,037 | $0 | $116,037 |
| CRYSTAL SIMPSON | PROPERTY MANAGER | 40.00 |
Highest
|
$103,235 | $13,857 | $117,092 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $9,610,580 | $14,686,313 | $48,266,883 | $-5,075,733 |
| 2022 | $11,092,124 | $12,113,531 | $46,832,610 | $-1,021,407 |
| 2021 | $12,994,900 | $10,947,906 | $50,244,417 | $2,046,994 |
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