Hope For Youth Inc
- Assets
- $11.1m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 207
- Location
- Amityville, NY
- Founding
- 12/1969
- Data as of
- 06/2023
- EIN
- 11-2199918
Organization Overview
Hope For Youth Inc is located in Amityville, NY. The organization was established in 1969. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Hope For Youth Inc employed 207 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope For Youth 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 For Youth Inc generated $15.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $15.1m during the year ending 06/2023. While expenses have increased by 5.2% 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
HOPE FOR YOUTH IS DEDICATED TO FACILITATING POSITIVE CHANGE IN THE LIVES OF CHILDREN,ADOLESCENTS AND FAMILIES. WE PROVIDE STABLE,NURTURING,RESIDENTIAL CARE,FOSTER CARE,PREVENTIVE AND OUT-PATIENT PROGRAMS WHICH EDUCATE,MOTIVATE AND EMPOWER INDIVIDUALS TO BECOME SELF-SUFFICIENT AND ACHIEVE THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERAPEUTIC FOSTER CARE PROGRAM:HOPE FOR YOUTH PROVIDES SAFE, SUPPORTIVE TEMPORARY HOMES FOR CHILDREN AND YOUTH WHO ARE WORKING TOWARDS REUNIFICATION WITH RELATIVES, PERMANENT PLACEMENT THROUGH ADOPTION OR SELF-SUFFICIENCY. WE ARE COMMITTED TO PROVIDING QUALITY CARE AND STABILITY FOR OUR FOSTER CHILDREN WHILE WORKING TOWARDS A MORE PERMANENT AND STABLE PLAN FOR THEIR FUTURE. WE ARE COMMITTED TO PLACING ALL CHILDREN IN THE MOST APPROPRIATE AND NURTURING HOME SETTINGS FOR THEIR RECOVERY, HEALING AND PLAN FOR PERMANENCY AND STABILIZATION. HOPE FOR YOUTH MATCHES CHILDREN WITH THE FAMILIES THAT CAN BEST SUIT THEIR FOSTER CARE NEEDS. BY PROVIDING THE BEST OPPORTUNITY FOR SUCCESSFUL PLACEMENT WE PREVENT MULTIPLE PLACEMENTS. HOPE FOR YOUTH FOSTER CARE CHILDREN RANGE IN AGE FROM INFANTS TO AGE 21.
DIAGNOSTIC & EMERGENCY SERVICES:HOPE FOR YOUTH PROVIDES DIAGNOSTIC, EMERGENCY AND RESPITE RESIDENTIAL SERVICES FOR CHILDREN AND YOUTH FOR THE PURPOSES OF STABILIZATION, EVALUATION AND OVERALL TREATMENT PLANNING TO AID IN SUCCESSFUL GROWTH AND HEALTHY LIVING. HOPE FOR YOUTHS FAMILY TIES PROGRAM PROVIDES A SAFE AND SUPPORTIVE ENVIRONMENT DESIGNED TO KEEP LARGE SIBLING GROUPS TOGETHER FOLLOWING A REMOVAL FROM THEIR FAMILY HOME BY CHILD PROTECTIVE SERVICES. HOPE FOR YOUTHS ADOLESCENT DIAGNOSTIC PROGRAM PROVIDES EMERGENCY PLACEMENT, STABILIZATION AND ASSESSMENT FOR YOUTH REFERRED BY THE FAMILY COURT, SOCIAL SERVICES, PROBATION AND MENTAL HYGIENE.
FAMILY TIES PROGRAM: PROVIDES A SAFE AND SUPPORTIVE ENVIRONMENT DESIGNED TO KEEP LARGE SIBLING GROUPS TOGETHER FOLLOWING A REMOVAL FROM THEIR FAMILY HOME BY CHILD PROTECTIVE SERVICES.HOPE FOR YOUTH'S ADOLESCENT PROGRAM PROVIDES PLACEMENT AND STABILIZATION FOR YOUTH REFERRED TO BY FAMILY COURT, DEPARTMENT OF SOCIAL SERVICES, PROBATION AND SOCIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David J Hegarty Ph Former Executive Director | 35 | $237,495 | |
Christopher Fischer Asst Exec. Director | 35 | $131,084 | |
Irma Edington Executive Dir. | Officer | 35 | $113,539 |
Michael Veteri CFO | Officer | 35 | $79,098 |
Peter Breckling President | OfficerTrustee | 0 | $0 |
Mark Silverman ESQ Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,719,423 |
| All other contributions, gifts, grants, and similar amounts not included above | $703,289 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,422,712 |
| Total Program Service Revenue | $9,755,843 |
| Investment income | $4,797 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $27,214 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,237,303 |
| 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. | $458,806 |
| Compensation of current officers, directors, key employees. | $458,806 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,117,302 |
| Pension plan accruals and contributions | $379,776 |
| Other employee benefits | $1,141,510 |
| Payroll taxes | $671,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $138,505 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,430 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $355,761 |
| Insurance | $301,165 |
| All other expenses | $1,503,122 |
| Total functional expenses | $15,054,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,041,280 |
| Savings and temporary cash investments | $313,064 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,723,577 |
| 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 | $76,891 |
| Net Land, buildings, and equipment | $2,665,170 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $174,734 |
| Other assets | $1,108,460 |
| Total assets | $11,103,176 |
| Accounts payable and accrued expenses | $1,565,206 |
| Grants payable | $0 |
| Deferred revenue | $526,058 |
| 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 | $4,249,461 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $850,692 |
| Total liabilities | $7,191,417 |
| Net assets without donor restrictions | $3,911,759 |
| 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 | $11,103,176 |