House Of Hope Inc
- Assets
- $9.6m
- Revenue
- $4.6m
- Investments
- $9.9k
- Employees
- 68
- Location
- Lowell, MA
- Founding
- 10/1985
- Data as of
- 06/2022
- EIN
- 04-2867965
Organization Overview
House Of Hope Inc is located in Lowell, MA. The organization was established in 1985. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, House Of Hope Inc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. House Of Hope 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 06/2022, House Of Hope Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $4.0m during the year ending 06/2022. While expenses have increased by 9.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EMERGENCY SHELTER FOR HOMELESS WOMEN AND CHILDREN, INCLUDING FOOD AND CASE MANAGEMENT EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING TEMPORARY, OVERNIGHT SHELTER, FOOD AND MAINTENANCE FOR NEEDY PERSONS REGARDLESS OF RACE, CREED, COLOR AND SEX. PROVIDED EMERGENCY SHELTER AND SERVICES TO 114 FAMILIES, A TOTAL OF 353 PEOPLE (185 CHILDREN, 168 ADULTS); 18% OF FAMILIES HAD A HISTORY OF DOMESTIC VIOLENCE< THE AVERAGE LENGTH OF STAY FOR FAMILIES WHO EXITED WAS 117 DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Chausse Executive Director | Trustee | 25 | $158,543 |
Dan O'connor President | OfficerTrustee | 3 | $0 |
Rachel Garneau Secretary | OfficerTrustee | 3 | $0 |
Brian Stafford Treasurer | OfficerTrustee | 3 | $0 |
Ryan Dunn Director | Trustee | 1 | $0 |
Barbara Smith Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $36,758 |
| Related organizations | $0 |
| Government grants | $632,264 |
| All other contributions, gifts, grants, and similar amounts not included above | $223,706 |
| Noncash contributions included in lines 1a–1f | $119,482 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $892,728 |
| Total Program Service Revenue | $3,518,779 |
| Investment income | $49,368 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $131,367 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,617,811 |
| 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. | $174,444 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,378,858 |
| Pension plan accruals and contributions | $113,619 |
| Other employee benefits | $340,687 |
| Payroll taxes | $242,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,437 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,146 |
| Office expenses | $24,044 |
| Information technology | $14,725 |
| Royalties | $0 |
| Occupancy | $335,696 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,177 |
| Interest | $4,145 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,442 |
| Insurance | $35,241 |
| All other expenses | $0 |
| Total functional expenses | $3,989,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,624,987 |
| Savings and temporary cash investments | $121,450 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $725,105 |
| 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 | $116,172 |
| Net Land, buildings, and equipment | $4,117,600 |
| Investments—publicly traded securities | $2,905,348 |
| Investments—other securities | $9,946 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,121 |
| Total assets | $9,621,729 |
| Accounts payable and accrued expenses | $151,278 |
| 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 | $3,430,516 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,908 |
| Total liabilities | $3,584,702 |
| Net assets without donor restrictions | $6,036,527 |
| Net assets with donor restrictions | $500 |
| 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 | $9,621,729 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that House Of Hope Inc has recieved totaling $53,640.
| Awarding Organization | Amount |
|---|---|
Franklin Square House Belmont, MA PURPOSE: HOUSING AND SHELTER GRANTS | $43,640 |
Richard K And Nancy L Donahue Charitable Foundation Lowell, MA PURPOSE: UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ali Forney Center New York, NY | $7,623,264 | $19,818,161 |
Jericho Project New York, NY | $18,950,420 | $17,611,803 |
Middlesex Human Service Agency Inc Waltham, MA | $4,587,746 | $16,335,649 |
Columbus House New Haven, CT | $15,682,244 | $16,470,970 |
Rosies Place Inc Boston, MA | $38,499,401 | $18,742,725 |
Vietnam Veterans Workshop Inc Boston, MA | $30,041,487 | $14,388,519 |
Lifting Up Westchester Inc White Plains, NY | $11,378,064 | $11,870,807 |
Lazarus House Incorporated Lawrence, MA | $10,094,845 | $10,908,998 |
St Christophers Inn Inc Garrison, NY | $7,329,399 | $7,259,618 |
Citizens Inn Inc Peabody, MA | $4,459,514 | $7,948,455 |
Casa Nueva Vida Inc Jamaica Plain, MA | $5,246,257 | $6,906,290 |
Rhode Island Coalition For The Homeless Pawtucket, RI | $2,340,548 | $6,624,624 |