Hope For Families And Children Foundation Inc
- Assets
- $5.3m
- Revenue
- $653.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1990
- Data as of
- 06/2022
- EIN
- 13-3549110
Organization Overview
Hope For Families And Children Foundation Inc is located in New York, NY. The organization was established in 1990. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope For Families And Children Foundation 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, Hope For Families And Children Foundation Inc generated $653.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $568.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION OPERATES AS A SUPPORTING ORGANIZATION AND FUNDRAISING ARM OF THE PUERTO RICAN FAMILY INSTITUTE, A MULTI-PROGRAM HEALTH AND HUMAN SERVICES ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE PROGRAMS OF THE PUERTO RICAN FAMILY INSTITUE, A HUMAN SERVICES 501(C)(3) RELATED ORGANIZATION, WHICH PROMOTES THE SELF-SUFFICIENCY AND WELL-BEING OF FAMILIES AND CHILDREN IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ivanyla D Vargas 2nd VP (membership) | OfficerTrustee | 4 | $0 |
Haydee Rosario 3rd VP (development) | OfficerTrustee | 4 | $0 |
Emil G Delgado Treasurer | OfficerTrustee | 4 | $0 |
Maria Davila-Peguero President/ Secretary Eff. 7/1/22 | OfficerTrustee | 4 | $0 |
Veronica Faison Secretary | OfficerTrustee | 4 | $0 |
Jose Toro 1st VP (operations) | OfficerTrustee | 4 | $0 |
Financial Statements
| 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 | $3,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,300 |
| Total Program Service Revenue | $600,000 |
| Investment income | $40,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,859 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $653,243 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| Grants and other assistance to domestic individuals. | $23,954 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $106,709 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,553 |
| 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 | $128,793 |
| Insurance | $3,493 |
| All other expenses | $1,918 |
| Total functional expenses | $568,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $939,181 |
| Savings and temporary cash investments | $179,068 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,000 |
| 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 | $3,936,951 |
| Investments—publicly traded securities | $192,117 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,272,317 |
| Accounts payable and accrued expenses | $12,702 |
| 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 | $0 |
| Total liabilities | $12,702 |
| Net assets without donor restrictions | $5,229,115 |
| Net assets with donor restrictions | $30,500 |
| 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 | $5,272,317 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hope For Families And Children Foundation Inc has recieved totaling $750.
| Awarding Organization | Amount |
|---|---|
Drew And Kathy Rankin Family Foundation Inc Morristown, NJ PURPOSE: GENERAL SUPPORT | $750 |
Endowment Analysis
| Beg. Balance | $432,765 |
| Earnings | -$31,430 |
| Admin Expense | $150 |
| Ending Balance | $401,185 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Of The Finger Lakes Inc Rochester, NY | $32,628,122 | $49,070,844 |
Cds Life Transitions Inc Webster, NY | $27,377,961 | $42,498,217 |
Marc Lustgarten Pancreatic Cancer Foundation Woodbury, NY | $78,505,397 | $30,446,505 |
Oorah Inc Lakewood, NJ | $130,482,876 | $48,751,696 |
Childrens Home Of Bradford Pa Bradford, PA | $26,433,837 | $14,233,894 |
Inglis Foundation Philadelphia, PA | $233,825,090 | $16,920,191 |
The Watson Institute Sewickley, PA | $170,930,648 | $13,658,608 |
Kidsvoice Pennsylvania Inc Pittsburgh, PA | $7,340,747 | $6,599,088 |
Stoneridge Retirement Living Communities Inc Myerstown, PA | $4,364,446 | $5,435,180 |
The Foundation Of The Oscar And Ella Wilf Campus For Senior Living Somerset, NJ | $10,391,849 | $3,643,840 |
Sco Foundation Glen Cove, NY | $76,367,709 | $5,076,725 |
Israel Guide Dog Center For The Blind Warrington, PA | $19,631,861 | $3,082,807 |