Hopewell Inc is located in Dedham, MA. The organization was established in 1968. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 06/2023, Hopewell Inc employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopewell 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 06/2023, Hopewell Inc generated $25.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $23.8m during the year ending 06/2023. While expenses have increased by 0.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOSTER CARE, RESIDENTIAL, EDUCATIONAL AND COUNSELING SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMPREHENSIVE FOSTER CARE:INTENSIVE FOSTER CARE SERVICES PROVIDING PRIVATE PLACEMENT IN INDIVIDUAL HOMES FOR 497 CHILDREN AND TEENS IN HOPEWELL FOSTER HOMES IN FY23. THREADED THROUGHOUT ALL OF OUR FOSTER CARE WORK IS A FOCUS ON PERMANENCY. WE WORK TO SECURE A PATH TO A PERMANENT HOME FOR THE CHILDREN AND TEENS IN OUR CARE WHETHER THAT'S THROUGH REUNIFICATION WITH THEIR BIRTH FAMILY, A KINSHIP PLACEMENT, ADOPTION, OR LEGAL GUARDIANSHIP.
EDUCATION:RISE PROGRAM - WE ADVANCE EDUCATION EQUITY FOR CHILDREN EXPERIENCING FOSTER CARE THROUGH OUR RISE PROGRAM. CHILDREN IN FOSTER CARE FACE SOME OF THE LARGEST EDUCATIONAL OPPORTUNITY GAPS OF ANY GROUP OF CHILDREN IN MASSACHUSETTS AND THESE DISPARITIES CAN HAVE LIFELONG EFFECTS. OUR NEWEST PROGRAM PROVIDES CHILDREN IN GRADES K-3 WHO ARE EXPERIENCING FOSTER CARE WITH BUILDING BLOCKS THEY NEED TO BECOME STRONG READERS AND WRITERS. CHILDREN RECEIVE PERSONALIZED, ONE-ON-ONE LITERACY TUTORING AT THEIR HOMES. EACH SESSION INCLUDES EMBEDDED OPPORTUNITIES TO PRACTICE SOCIAL-EMOTIONAL SKILLS. CAREGIVERS RECEIVE SUPPORT SO THEY CAN ADVOCATE FOR THEIR CHILD AND PROMOTE LEARNING. RISE ALSO COORDINATES SERVICES AND INFORMATION SHARING AMONG SCHOOLS, FAMILIES, AND THE DEPARTMENT OF CHILDREN AND FAMILIES (DCF). IN FY23, WE SPENT 786 HOURS WORKING ON EARLY LITERACY SKILLS WITH DOZENS OF CHILDREN AND THEIR CAREGIVERS AROUND GREATER BOSTON. HOPEWELL ALSO LAUNCHED IN FY23 ITS FIRST EVER SUMMER READ-A-THON WHERE STUDENTS WERE EXCITED TO READ WITH THEIR TUTORS AND CAREGIVERS TO REACH THEIR GOALS.
RESIDENTIAL SERVICES:ADULT SERVICES - IN FY23, WE SUPPORTED ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES THROUGH THREE MAIN PATHWAY: A) 11 INDIVIDUALS LIVING ON THEIR OWN, TO SUPPORT THEIR INDEPENDENCE AND CAPACITY TO PROVIDE LOVING CARE TO THEIR CHILDREN, IF THEY ARE PARENTING; B) 19 INDIVIDUALS AND 14 CAREGIVERS VIA OUR SHARED LIVING PROGRAM, WHICH MATCHES EACH INDIVIDUAL WITH A MEMBER OF THE LOCAL COMMUNITY; C) 21 INDIVIDUALS LIVING IN FIVE STAFFED COMMUNITY HOME AROUND GREATER BOSTON.MY FIRST PLACE PROGRAM WE SUPPORT YOUNG PEOPLE WHO ARE "AGING OUT" OF THE FOSTER CARE SYSTEM AS THEY LAUNCH INTO ADULTHOOD. YOUNG PEOPLE OFTEN FACE UNCERTAINTY AS THEY ENTER ADULTHOOD, AND THIS IS ESPECIALLY TRUE FOR THOSE DOING IT WITHOUT THE SUPPORT OF A PERMANENT FAMILY. TO HELP THEM REACH THEIR FULL POTENTIAL AT A PIVOTAL TIME IN THEIR LIVES, WE PROVIDE YOUNG ADULTS WHO ARE TRANSITIONING OUT OF THE FOSTER CARE SYSTEM WITH SHARED, RENT-FREE APARTMENTS. WITH A STABLE PLACE TO CALL HOME AND INDIVIDUALIZED SUPPORTS FROM OUR TEAM, YOUTH FOCUS ON THEIR EDUCATION AND EMPLOYMENT GOALS, BUILD COMMUNITY, AND ESTABLISH FOUNDATIONS FOR LONG-TERM SELF-SUFFICIENCY. IN FY23 HOPEWELL SERVED 40 YOUTH IN THE MY FIRST PLACE PROGRAM.
COUNSELING SERVICES:FAMILY SUPPORT & STABILIZATION - SUPPORTED OVER 1,200 CHILDREN AND FAMILY MEMBERS WITH OUR FAMILY SUPPORT AND STABILIZATION (FSS) PROGRAM IN FY23. AT HOPEWELL, OUR CLINICAL AND SOCIAL WORK TEAM PROVIDED INTENSIVE IN-HOME SUPPORTS TO FAMILIES INVOLVED WITH THE DEPARTMENT OF CHILDREN AND FAMILIES (DCF) WHO ARE WORKING TO MAINTAIN OR REGAIN CUSTODY OF THEIR CHILDREN. THE GOAL IS TO KEEP FAMILIES INTACT THROUGH A COMBINATION OF CRISIS INTERVENTION, FAMILY COUNSELING, AND REFERRALS TO COMMUNITY SUPPORTS. THIS IS ACCOMPLISHED BY WORKING SIDE-BY-SIDE WITH FAMILIES TO NAVIGATE THE EFFECTS OF TRAUMA, RECOGNIZE STRENGTHS, PRACTICE EFFECTIVE PARENTING SKILLS, AND ENGAGING PROBLEM-SOLVING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Eliot T Putnam Jr Director | Trustee | 1 | $0 |
Alison R Quinan Director | Trustee | 1 | $0 |
Anthony Britt Director | Trustee | 1 | $0 |
Adriano Varano Director | Trustee | 1 | $0 |
Quinn Phillips Director | Trustee | 1 | $0 |
Heather Mack Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
The Amaral Group Llc Computer/it Support | 6/29/23 | $187,041 |
Jake Nelly & Associates Temporary Staffing | 6/29/23 | $407,577 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $3,841,758 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,841,758 |
Total Program Service Revenue | $20,419,040 |
Investment income | $84,115 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,208,463 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $25,553,376 |
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. | $610,855 |
Compensation of current officers, directors, key employees. | $610,855 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $9,040,753 |
Pension plan accruals and contributions | $333,609 |
Other employee benefits | $1,824,099 |
Payroll taxes | $699,872 |
Fees for services: Management | $0 |
Fees for services: Legal | $64,832 |
Fees for services: Accounting | $86,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $31,602 |
Fees for services: Other | $1,214,039 |
Advertising and promotion | $170,841 |
Office expenses | $305,000 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,415,065 |
Travel | $314,019 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $12,706 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $267,935 |
Insurance | $422,797 |
All other expenses | $253,196 |
Total functional expenses | $23,773,005 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,452,193 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $976,062 |
Accounts receivable, net | $1,720,965 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $268,789 |
Net Land, buildings, and equipment | $1,958,225 |
Investments—publicly traded securities | $9,191,967 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,618,727 |
Total assets | $20,186,928 |
Accounts payable and accrued expenses | $1,543,385 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $3,315,504 |
Total liabilities | $4,858,889 |
Net assets without donor restrictions | $14,323,580 |
Net assets with donor restrictions | $1,004,459 |
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 | $20,186,928 |