Center Of Hope Foundation Incorporated
- Assets
- $12.3m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 327
- Location
- Southbridge, MA
- Founding
- 03/1960
- Data as of
- 06/2022
- EIN
- 04-2311571
Organization Overview
Center Of Hope Foundation Incorporated is located in Southbridge, MA. The organization was established in 1960. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Center Of Hope Foundation Incorporated employed 327 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center Of Hope Foundation Incorporated 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 06/2022, Center Of Hope Foundation Incorporated generated $11.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $10.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SERVICES TO INDIVIDUALS WITH DISABILITIES.
Describe the Organization's Program Activity:
THE CENTER OF HOPE FOUNDATION'S DAY HABILITATION PROGRAMS PROVIDE SUPPORT TO INDIVIDUALS WITH A WIDE VARIETY OF NEEDS AND ABILITIES, WITH EACH PROGRAM DESIGNED TO HAVE SERVICES BEST SUITED TO THE INDIVIDUALS IN EACH SETTING. ALL PROGRAMS PROVIDE SKILLS TRANINGS DESIGNED TO ENHANCE THE INDIVIDUALS INVOLVED. THE QUINEBAUG RIVER DAY HABILITATION PROGRAM IS DESIGNED TO SUPPORT INDIVIDUALS WITH BEHAVIORAL AND SENSORY NEEDS. THIS PROGRAM OFFERS A HIGH STAFF TO PROGRAM MEMBER RATIO TO ENSURE THAT PROGRAM MEMBERS' ARE MEETING THEIR GOALS. THE SOUTHBRIDGE DAY HABILITATION PROGRAM SUPPORTS INDIVIDUALS WHO ARE MORE MEDICALLY FRAGILE. THIS HOME-LIKE SETTING OFFERS A HIGH STAFF TO PROGRAM MEMBER RATIO TO ENSURE THAT PROGRAM MEMBERS' NEEDS ARE MET. THE WEST STREET DAY HABILITATION PROGRAM SUPPORTS A VARIETY OF INDIVIDUALS WHO NEED MORE MEDICAL ATTENTION AND PERSONAL CARE. STURBRIDGE DAY HAB AND CENTER OF HOPE DAY HAB PROVIDE SERVICES MORE SUITED FOR YOUNGER PEOPLE WITH DIFFERENT GOALS AND EDUCATION NEEDS. THE DAY HABS SUPPORTED 244 PEOPLE.
OTHER PROGRAM SERVICES INCLUDE: INDEPENDENT LIVING, VOCATIONAL TRAINING, AND COMMUNITY ORIENTATION
THE EMPLOYMENT SUPPORTS PROGRAM SERVED A TOTAL OF 128 PARTICIPANTS. THIS PROGRAM PROVIDES WORK EVALUATIONS, EMPLOYMENT SKILLS TRAINING, ON-THE-JOB SUPPORT SERVICES AND DIRECT JOB PLACEMENT SERVICES TO INDIVIDUALS WITH DISABILITIES. WORK OPTIONS INCLUDE PRODUCTION AND ASSEMBLY, MAINTENANCE, CLERICAL, AUTO DETAILING, YARD WORK, RECYCLING, GARDENING AND COOKING, RETAIL AND PRINTING SERVICES WHICH ARE ALL PERFORMED WITHIN THE CENTER OF HOPE OR ITS SMALL BUSINESSES. OUTSIDE WORK INCLUDES: JOB PLACEMENTS IN A WIDE RANGE OF COMMUNITY LOCATIONS, INCLUDING RESTAURANTS, HOTELS, HOSPITAL, RETAIL, CLERICAL, JANITORIAL, DELIVERY SERVICES AND MORE, AS WELL AS A VAST NETWORK OF VOLUNTEERISM SITES.
THE TRANSPORTATION PROGRAM SERVES INDIVIDUALS BY PROVIDING MORNING AND AFTERNOON TRANSPORTATION FROM THEIR HOMES TO OUR PROGRAMS. IN FISCAL YEAR 2022, WE PROVIDED A TOTAL OF 40,431 RUNS. TRANSPORTATION SERVICES INCLUDE SINGLE TRIP TRANSPORTS, SMALL GROUP TRANSPORTATION IN MINI-VANS, WHEELCHAIR TRANSPORTATION VANS AND PASSENGER GROUP TRANSPORTATION VANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jayne Bowler President | OfficerTrustee | 2 | $0 |
Sherie Bombardier Director | Trustee | 2 | $0 |
James Ms Graham Treasurer | OfficerTrustee | 2 | $0 |
Cheryl Chan Director | Trustee | 2 | $0 |
Patricia Lawrie Director | Trustee | 2 | $0 |
Annette Lazili Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,949 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,648,699 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,679,648 |
| Total Program Service Revenue | $8,319,865 |
| Investment income | $3,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$43,011 |
| Net Gain/Loss on Asset Sales | $66,100 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,027,836 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $289,759 |
| Compensation of current officers, directors, key employees. | $289,759 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,866,620 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $780,369 |
| Payroll taxes | $608,084 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,713 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,773 |
| Advertising and promotion | $18,722 |
| Office expenses | $325,832 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $681,466 |
| Travel | $2,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,614 |
| Interest | $103,164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $573,807 |
| Insurance | $371,955 |
| All other expenses | -$249,208 |
| Total functional expenses | $9,975,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,331,826 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,501,765 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,460 |
| Inventories for sale or use | $27,827 |
| Prepaid expenses and deferred charges | $128,964 |
| Net Land, buildings, and equipment | $7,222,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,988 |
| Total assets | $12,255,535 |
| Accounts payable and accrued expenses | $638,636 |
| Grants payable | $0 |
| Deferred revenue | $161,432 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,563,549 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,363,617 |
| Net assets without donor restrictions | $8,891,918 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,255,535 |