PROJECT NEW HOPE

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

BRIGITTE TWEDDELL

Phone

8185468929

Tax Period

2024-07-01 to 2025-06-30

PROJECT NEW HOPE, founded in 1990, is a community nonprofit in the Diseases & Disorders sector that reported $5.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $912K, a strong 17% operating margin.

Mission

PROJECT NEW HOPE IS A NON-PROFIT ORGANIZATION FOR THE PURPOSE OF DEVELOPING AND PROVIDING PERMANENT AND TRANSITIONAL SUPPORTIVE HOUSING TO LOW-INCOME, HOMELESS AND CHRONICALLY HOMELESS INDIVIDUALS AND FAMILIES WITH DISABILITIES SUCH AS HIV/AIDS AND SENIORS.

Program Service Accomplishments

Program 1

Expenses: $830,438 Revenue: $809,315

LOW INCOME RENTAL HOUSING: THE ORGANIZATION HAS DEVELOPED AND OPERATES A 22-UNIT, AND A 4-UNIT LOW-INCOME RENTAL HOUSING PROJECT LOCATED IN LOS ANGELES, CALIFORNIA, BOTH OF WHICH ARE DEDICATED TO...

LOW INCOME RENTAL HOUSING: THE ORGANIZATION HAS DEVELOPED AND OPERATES A 22-UNIT, AND A 4-UNIT LOW-INCOME RENTAL HOUSING PROJECT LOCATED IN LOS ANGELES, CALIFORNIA, BOTH OF WHICH ARE DEDICATED TO PERSONS AFFECTED WITH HIV/AIDS AND THEIR FAMILIES. THE ORGANIZATION ALSO MANAGES AND CONTROLS PALOS VERDES STREET, LP WHICH PROVIDES LOW-INCOME RENTAL HOUSING IN LOS ANGELES COUNTY AND INCLUDES A 10-UNIT, LOW-INCOME RENTAL HOUSING PROJECT KNOWN AS SAN PEDRO NEW HOPE COURTYARD APARTMENTS LOCATED IN LOS ANGELES, CALIFORNIA. A REGULATORY AGREEMENT WAS ENTERED INTO WITH THE CITY AND COUNTY OF LOS ANGELES RESTRICTING THE USE OF THE PROPERTIES AS LOW-INCOME HOUSING.

Program 2

Expenses: $2,433,854

GROUP HOMES: THIS PROGRAM PROVIDES BOARD AND CARE SERVICES FOR PERSONS WITH HIV/AIDS WHO ARE UNABLE TO LIVE INDEPENDENTLY, AS WELL AS TRANSITIONAL HOUSING FOR PERSONS NEEDING TO DEVELOP THEIR LIVING SKILLS BEFORE MOVING TO INDEPENDENT HOUSING. THE PROGRAM HAS THE ABILITY TO OFFER HOSPICE SERVICES FOR CLIENTS WHO BECOME TERMINALLY ILL. NO ONE IS TURNED AWAY DUE TO LACK OF FUNDS OR INSURANCE.

Program 3

Expenses: $453,727

RESIDENT SERVICES: THIS PROGRAM PROVIDES SUPPORTIVE SERVICES IN PERMANENT HOUSING FACILITIES THAT PROMOTE LONG-TERM RESIDENTIAL STABILITY, PERSONAL AND LIFE SKILLS DEVELOPMENT, AND OPPORTUNITIES FOR PERSONS LIVING WITH HIV/AIDS. IT INCLUDES THE FINANCIAL AWARENESS/MONEY MANAGEMENT PROGRAM, AND SITE-BASED EMPLOYMENT PREPARATION AND DEVELOPMENT PROGRAMS. NO ONE IS TURNED AWAY DUE TO LACK OF FUNDS OR INSURANCE.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,200,488

Program Service Revenue $1,090,605

Investment Income $117,570

Other Revenue $13,258

TOTAL REVENUE $5,421,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,478,492

Fundraising Expenses $0

Program Expenses $4,397,797

Other Expenses $2,031,092

TOTAL EXPENSES $4,509,584

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,421,921	$4,972,032	+0.1%
Expenses	$4,509,584	$4,592,537	0.0%
Net Income	$912,337	$379,495	+1.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$146,010

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID NAHAS	PRESIDENT	3.00	Officer Director	$0	$0	$0
TOM SPRATT	TREASURER	1.00	Officer Director	$0	$0	$0
MARGARET WILLIS	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIGITTE TWEDDELL	EXECUTIVE DIRECTOR	40.00	Officer	$142,410	$3,600	$146,010

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	$5,421,921	$4,509,584	$11,465,675	$912,337
2024	$4,972,032	$4,592,537	$10,487,357	$379,495
2023	$4,339,619	$4,502,092	$10,144,967	$-162,473
2022	$4,517,588	$4,268,186	$9,964,759	$249,402
2021	$3,964,445	$3,991,242	$9,663,457	$-26,797
2020	$4,139,473	$4,007,082	$9,552,524	$132,391
2019	$4,023,045	$4,071,378	$9,335,428	$-48,333