Hope House Inc
- Assets
- $6.1m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 65
- Location
- Boston, MA
- Founding
- 09/1967
- Data as of
- 06/2023
- EIN
- 04-2448579
Organization Overview
Hope House Inc is located in Boston, MA. The organization was established in 1967. According to its NTEE Classification (F22) the organization is classified as: Substance Abuse Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Hope House Inc employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope 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 06/2023, Hope House Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $5.8m during the year ending 06/2023. While expenses have increased by 7.1% per year over the past 8 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 EFFECTIVE TREATMENT FOR ALCOHOLISM AND SUBSTANCE ABUSE IN A SAFE, SECURE, COMMUNITY-BASED SETTING. CLIENTS LEARN THE SKILLS NECESSARY TO LIVE A SUBSTANCE-FREE LIFE, OBTAIN GAINFUL EMPLOYMENT, RETURN TO THEIR FAMILIES AND BECOME PRODUCTIVE MEMBERS OF THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE HOUSE RESIDENTIAL PROGRAM IS A 4-6 MONTH RECOVERY PROGRAM FOR MEN SUERING FROM ADDICTION. THE MAIN SOURCES OF REVENUE ARE FROM THE CLIENTS PUBLIC INSURANCE COMPANIES AND THE DEPARTMENT OF HEALTH (DPH).
OTHER PROGRAMS TO PROVIDE EFFECTIVE TREATMENT FOR ALCOHOLISM AND SUBSTANCE ABUSE IN A SAFE, SECURE, COMMUNITY-BASED SETTING.
HOPE HOUSE CO-OCCURRING PROGRAM (COE) IS A 4-6 MONTH RECOVERY PROGRAM FOR MEN WHO NEED TO RECEIVE SUBSTANCE ABUSE AND MENTAL HEALTH TREATMENT, AS OPPOSED TO THE RESIDENTIAL PROGRAM WHICH IS ONLY FOR SUBSTANCE ABUSE. THE MAIN SOURCES OF REVENUE ARE FROM THE CLIENTS PUBLIC INSURANCE COMPANIES AND THE DEPARTMENT OF HEALTH (DPH).
OUTPATIENT PROGRAM ARE 30-60 MINUTE SESSIONS, WHICH ARE EITHER INDIVIDUAL OR GROUP BASED, WITH THE GOALS OF REDUCTION IN THE AMOUNT AND FREQUENCY OF ALCOHOL AND SUBSTANCE USE, IMPROVED INTERPERSONAL SKILLS, DEVELOPMENT OF COPING SKILLS THAT INCREASE THE ABILITY TO OBTAIN OR MAINTAIN EMPLOYMENT AND/OR ENGAGE IN AN EDUCATIONAL/VOCATIONAL PROGRAM, IMPROVEMENT OF PHYSICAL AND OVERALL MENTAL HEALTH ALONG WITH IMPROVING SELFCARE AND ADDRESS ANY LEGAL ISSUES. THE ONLY SOURCES OF REVENUE ARE FROM THE CLIENTS PUBLIC INSURANCE COMPANIES BECAUSE WE ARE NOT ALLOWED TO BILL DPH FOR OUTPATIENT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Maguire President, CEO | Officer | 30 | $159,555 |
Christine Arismendi Chief Operating Officer | Officer | 30 | $124,588 |
Mary Applegate Vice President | Officer | 30 | $105,364 |
John Nestor Residential Clinical Director | 30 | $102,372 | |
Anthony Paille Director | Trustee | 3 | $0 |
Allison Finney Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Performance Food Service Food Services | 6/29/23 | $220,795 |
North Easton Companies Computer Networking | 6/29/23 | $108,784 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,685 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,643 |
| Noncash contributions included in lines 1a–1f | $5,187 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,328 |
| Total Program Service Revenue | $6,564,886 |
| Investment income | $79,306 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,453 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,740,125 |
| 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. | $509,804 |
| Compensation of current officers, directors, key employees. | $374,245 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,097,906 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $348,087 |
| Payroll taxes | $329,968 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,517 |
| Fees for services: Accounting | $44,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,194 |
| Advertising and promotion | $0 |
| Office expenses | $86,035 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,218 |
| Insurance | $82,414 |
| All other expenses | $287,127 |
| Total functional expenses | $5,765,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $673,512 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $432,870 |
| 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 | $8,339 |
| Net Land, buildings, and equipment | $653,614 |
| Investments—publicly traded securities | $2,860,766 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,427,489 |
| Total assets | $6,056,590 |
| Accounts payable and accrued expenses | $586,694 |
| 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 | $55,758 |
| Total liabilities | $642,452 |
| Net assets without donor restrictions | $5,414,138 |
| 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 | $6,056,590 |