Hope Shines Bright Holding Company Inc
Nonprofit profile at a glance
- EIN
- 455076176
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Boulder City, NV, USA
- Phone
- 7022947100
- Rating
- 60
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Real Estate Associations
Reported finances
- Revenue
- $3,655,845
- Expenses
- $647,856
- Assets
- $24,674,487
- Liabilities
- $19,718,788
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- CHRISTINA VELA (CEO)
Highest reported compensation
- CHRISTINA VELA (CEO): $186,826 total reported compensation
- ALYSSA PALMER (CFO): $102,456 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization is a section 501(c)(25) organization which acquires, holds title to, and manages real property for the benefit of hope shines bright receiving company, inc., a 501(c)(3) supporting organization established to receive donations of real property for st. Jude's ranch for children, inc., a Nevada nonprofit corporation and 501(c)(3) exempt organization.
Operating model
- Revenue model
- Affiliate-supported. 97% of the money available for current operations came from contributions from related organizations.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - Most voting board members are independent and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 32
- Transparency & Controls: 65
- Accountability: 100
- Sustainability: 86
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 13.1%; rating input score 13
- Program expense ratio: 73.7%; rating input score 74
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 82.3%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 38.09; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0.8; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 1%; rating input score 80; 80th percentile among comparable filings
Growth
- Program expense growth: -14.3% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: 38.2% per year; rating input score 100; 96th percentile among comparable filings
- Asset growth: 40.9% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 13.1% of revenue deployed · 73.7% of spending went to programs
- Governance: 10 of 10 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $187K · 13 people listed · 0 of 6 pay-setting controls reported
- Consistency: 16 of 16 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 4 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 13/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.