Hope Gagnon Housing Corporation

Nonprofit profile at a glance

EIN
521535534
IRS 990-EZ coverage
2009–2023
Forms available
Form 990 2018, Form 990-EZ 2023
Location
Oxon Hill, MD, USA
Phone
3015673330
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Reported finances

Revenue
$130,956
Expenses
$116,336
Assets
$297,351
Liabilities
$227,397

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • DONNA HURLEY (PRESIDENT)

People named in this filing

  • ZUJEIDY APARICIO (DIRECTOR THRU 01/04/2024)
  • CLARENCE CARTER (DIRECTOR THRU 12/07/2023)
  • DR ANTWAN C BROWN (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide affordable housing to the elderly and disabled under section 202 of the national affordable housing act.

What it reported doing in 2023

H.o.p.e. Gagnon housing corporation is a Maryland corporation organized in 1980 for the purpose of constructing and operating five group homes consisting of 15 units for the elderly and disabled in prince george's county, Maryland. The organization receives assistance under provisions of section 202 of the national affordable housing act. Such projects are regulated by the united states department of housing and urban development as to rent charges and operating methods.

Operating model

Revenue model
Donor-supported. 63% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 100
  • Sustainability: 62
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.1%; rating input score 70
  • Program expense ratio: 78.9%; rating input score 79

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 11.2%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 2.56; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.76; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -0.7% per year; rating input score 0; 28th percentile among comparable filings
  • Revenue growth: -1.1% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: -3.6% per year; rating input score 0; 19th percentile among comparable filings

Details

  • Where the money goes: 70.1% of revenue deployed · 78.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $92K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2009 to 2023
  • Contacts: How to reach this organization
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.