Hopedale Community House Inc
- Assets
- $12.1m
- Revenue
- $846.1k
- Investments
- $10.8m
- Employees
- 0
- Location
- Hopedale, MA
- Founding
- 05/1945
- Data as of
- 07/2022
- EIN
- 04-2133252
Organization Overview
Hopedale Community House Inc is located in Hopedale, MA. The organization was established in 1945. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopedale Community House Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2022, Hopedale Community House Inc generated $846.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $686.0k during the year ending 07/2022. While expenses have increased by 3.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING A COMMUNITY HOUSE AND GYMNASIUM FOR THE LOCAL RESIDENTS INCLUDING MEETING ROOMS, CONFERENCE ROOMS, AND SOCIAL ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernard Stock Maintenance | 40 | $66,622 | |
Dru Bivins Maintenance | 40 | $64,290 | |
Ernest Volpe Maintenance | 40 | $55,836 | |
William G Burrill Vice President/trustee | 0.5 | $0 | |
Peter S Ellis President/trustee | 0.5 | $0 | |
Frederick G Oldfield Treasurer/trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $290,000 |
| Interest on Savings | $65 |
| Dividends & Interest | $489,337 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $66,676 |
| Total Revenue | $846,078 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $315,865 |
| Pension plans, employee benefits | $42,437 |
| Interest | $0 |
| Taxes | $43,582 |
| Depreciation | $89,217 |
| Occupancy | $52,526 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $131,675 |
| Total operating and administrative expenses | $686,027 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $686,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $244,587 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,759,700 |
| Net Land, buildings, and equipment | $1,103,913 |
| Other assets | $0 |
| Total assets | $12,108,500 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hopedale Community House Inc has recieved totaling $300,000.
| Awarding Organization | Amount |
|---|---|
Hopedale Foundation Hopedale, MA PURPOSE: GENERAL OPERATIONS | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quadrivium New York, NY | $52,883,139 | $7,776,109 |
Alliance For Downtown New York Inc New York, NY | $19,570,349 | $22,494,008 |
Cities For Financial Empowerment Fund Inc New York, NY | $14,654,854 | $7,980,604 |
Bottom Line Inc Boston, MA | $17,407,844 | $19,309,420 |
Cidny-Independent Living Services Inc Brooklyn, NY | $9,867,599 | $12,474,702 |
Neighborhood Stabilization Corporation Boston, MA | $29,880,510 | $6,854,139 |
Hunt Community Nashua, NH | $57,177,918 | $15,936,193 |
Buffalo Urban Development Corporation Buffalo, NY | $100,186,156 | $9,769,050 |
The Fund For Parks And Recreation In Boston Boston, MA | $15,922,090 | $6,711,889 |
128 West Transportation Council Inc Waltham, MA | $2,138,696 | $3,791,714 |
Mass Mentoring Partnership Inc Boston, MA | $3,908,855 | $3,737,455 |
Excavators 731 Property Corp Astoria, NY | $23,888,581 | $2,129,993 |