Hope Place Housing Corporation (EIN 954520273) - Form 990 Financial Analysis & Trantor Score

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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

1995

Legal Domicile

Principal Officer

Carmela G Lacayo

Phone

6265641988

Tax Period

2023-01-01 to 2023-12-31

Hope Place Housing Corporation, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $458K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 158% operating deficit.

Mission

To provide affordable housing to elderly persons whom have low and moderate household incomes.

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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 (2023)

Revenue Breakdown

Contributions & Grants $119,287

Program Service Revenue $291,995

Investment Income $45,618

Other Revenue $716

TOTAL REVENUE $457,616

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,692

Fundraising Expenses $0

Program Expenses $1,073,898

Other Expenses $1,118,476

TOTAL EXPENSES $1,181,168

Year-over-Year Comparison

	2023	2022	Change
Revenue	$457,616	$407,474	+0.1%
Expenses	$1,181,168	$1,245,264	-0.1%
Net Income	$-723,552	$-837,790	-0.1%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carmela G Lacayo	President & CEO	0.50	Officer Director	$0	$0	$0
Jose Ordonez	Treasurer	0.50	Officer Director	$0	$0	$0
Carole Kracer	Director	0.50	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$457,616	$1,181,168	$5,522,219	$-723,552
2022	$407,474	$1,245,264	$4,741,513	$-837,790
2021	$407,474	$1,246,477	$5,405,802	$-839,003
2020	$429,984	$1,097,446	$5,888,821	$-667,462
2019	$395,425	$938,447	$6,317,041	$-543,022
2018	$418,992	$1,116,785	$6,728,573	$-697,793

Hope Place Housing Corporation