Hope Alzheimers Center
- Assets
- $2.2m
- Revenue
- $960.9k
- Investments
- $0.0
- Employees
- 27
- Location
- Cranston, RI
- Founding
- 01/1995
- Data as of
- 06/2021
- EIN
- 05-0478448
Organization Overview
Hope Alzheimers Center is located in Cranston, RI. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2021, Hope Alzheimers Center employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Alzheimers Center 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 06/2021, Hope Alzheimers Center generated $960.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $922.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CENTER PROVIDES DEMENTIA-SPECIFIC DAY SERVICES TO VICTIMS OF ALZHEIMER'S DISEASE OR A RELATED DEMENTIA AND SUPPORT AND EDUCATIONAL SERVICES TO FAMILY AND PROFESSIONAL CAREGIVERS. SERVICES INCLUDE MULTIDISCIPLINARY CARE PLANNING AND CASE MANAGEMENT, INFORMATION AND REFERRAL, NURSING CARE, NUTRITIONAL SERVICES, PERSONAL CARE SERVICES, THERAPEUTIC ACTIVITIES, ADVOCACY, FAMILY SUPPORT, AND ASSISTANCE IN ACCESSING TRANSPORTATION, FINANCIAL SUBSIDY PROGRAMS AND ANCILLARY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOPE ALZHEIMER'S CENTER PROVIDES INTENSIVE DEMENTIA-SPECIFIC CARE SERVICES IN A SUPPORTIVE, SUPERVISED AND APPROPRIATE DAYTIME HOME AWAY FROM HOME. HOPE'S FRONT-LINE CARE TEAM OFFERS FAMILIES ACCESS TO COMMUNITY-BASED HEALTH MONITORING AND PREVENTIVE SERVICES FOR THEIR LOVED ONES WITH DEMENTIA AND OTHER CHRONIC HEALTH ISSUES, AND IT PROVIDES AN AFFORDABLE ALTERNATIVE TO HIGHER-COST INSTITUTIONAL CARE. NURSING OVERSIGHT, SUPPORT WITH ACTIVITIES OF DAILY LIVING, THERAPEUTIC PROGRAMS AND THE PROTECTED AND SUPERVISED ENVIRONMENT OF THE CENTER HELP PROGRAM PARTICIPANTS TO LOOK AND FEEL THEIR BEST AND SIMULTANEOUSLY ENABLE FAMILY CAREGIVERS TO ATTEND TO OTHER FAMILY RESPONSIBILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Grizzetti Chief Executive Office/pre | Officer | 50 | $99,470 |
Robert J Civetti CPA Treasurer | OfficerTrustee | 3 | $0 |
John Stoukides MD Vice President | OfficerTrustee | 2 | $0 |
Samantha Mccarthy ESQ Secretary | OfficerTrustee | 1 | $0 |
Janice Defrances Edd President | OfficerTrustee | 3 | $0 |
R Choudary Hanumara PHD Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,000 |
| Related organizations | $0 |
| Government grants | $212,784 |
| All other contributions, gifts, grants, and similar amounts not included above | $266,414 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $484,198 |
| Total Program Service Revenue | $411,099 |
| Investment income | $6,631 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $50,952 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $960,935 |
| 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. | $102,454 |
| Compensation of current officers, directors, key employees. | $18,575 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $532,814 |
| Pension plan accruals and contributions | $13,343 |
| Other employee benefits | $19,900 |
| Payroll taxes | $52,357 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $50 |
| Office expenses | $6,361 |
| Information technology | $4,152 |
| Royalties | $0 |
| Occupancy | $46,847 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,169 |
| Insurance | $14,068 |
| All other expenses | $17,642 |
| Total functional expenses | $922,188 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $447,103 |
| Savings and temporary cash investments | $681,902 |
| Pledges and grants receivable | $10,898 |
| Accounts receivable, net | $1,030,387 |
| 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 | $0 |
| Net Land, buildings, and equipment | $63,893 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,913 |
| Total assets | $2,241,096 |
| Accounts payable and accrued expenses | $67,142 |
| 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 | $176,784 |
| Total liabilities | $243,926 |
| Net assets without donor restrictions | $987,450 |
| Net assets with donor restrictions | $1,009,720 |
| 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 | $2,241,096 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Hope Alzheimers Center has recieved totaling $63,278.
| Awarding Organization | Amount |
|---|---|
Edward J & Virginia M Routhier Foundation Johnston, RI PURPOSE: UNRESTRICTED GIFT | $25,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: GENERAL OPERATING; GENERAL SUPPORT | $10,019 |
June Rockwell Levy Foundation Incorporated Providence, RI PURPOSE: "BRIGHTER HOURS, FULLER DAYS, RICHER LIVES" PROGRAM | $10,000 |
Ida B Littlefield Memorial Trust Providence, RI PURPOSE: PROGRAM SUPPORT | $7,500 |
Frederick C Tanner Memorial Fund Inc Rumford, RI PURPOSE: GENERAL PURPOSES | $5,000 |
Jewish Federation Foundation Providence, RI PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
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Actblue Civics Inc Somerville, MA | $9,393,713 | $97,519,174 |
Dana-Farber Inc Boston, MA | $2,427,985,539 | $197,856,829 |
Benhaven Inc North Haven, CT | $15,268,980 | $23,482,851 |
Technical Assistance Collaborative Inc Boston, MA | $7,617,476 | $12,320,567 |
Hart United Inc North Haven, CT | $3,744,334 | $8,818,103 |
Harrow Corporation Cambridge, MA | $149,449,226 | $7,488,293 |
March Inc Of Manchester C/O Robert F Gorman Manchester, CT | $2,238,128 | $7,972,954 |
Compass Working Capital Inc Boston, MA | $7,231,995 | $7,536,157 |
St Marys Center For Women And Children Dorchester, MA | $17,216,628 | $6,009,920 |
Nexus Inc Woburn, MA | $3,178,879 | $5,374,987 |
Elizabeth Freeman Center Inc Pittsfield, MA | $1,785,847 | $4,169,842 |
Semcoa Inc New Bedford, MA | $4,008,939 | $3,889,678 |