Hopeworx Inc
- Assets
- $698.3k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 42
- Location
- Norristown, PA
- Founding
- 11/1995
- Data as of
- 06/2023
- EIN
- 23-2811078
Organization Overview
Hopeworx Inc is located in Norristown, PA. The organization was established in 1995. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 06/2023, Hopeworx Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopeworx 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, Hopeworx Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 10.5% 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
THE MISSION OF HOPEWORX IS TO PROMOTE THE CONTINUED DEVELOPMENT OF ACOMMUNITY ENVIRONMENT WHICH SUPPORTS AND BELIEVES IN THE EXPERTISE ANDPASSION OF CONSUMERS TO CREATE AND DIRECT THEIR OWN PATHS TO HEALTH ANDRECOVERY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILYWORX - PARTICIPATED IN 187 OUTREACH MEETINGS, 158 COMMUNITY MEETINGS AND EVENTS, AND 81 WORKGROUP SESSIONS WITHIN AND OUTSIDE OF HOPEWORX INC. FAMILYWORX HAS GROWN UP TO 157 REGISTRANTS WITH 494 TOTAL FAMILIES SERVED. SUPPORT WAS GIVEN THROUGH MULTIPLE SYSTEMS INCLUDING BEHAVIOR HEALTH, EDUCATION, FORENSIC INTERVIEWING, GRIEVANCES & APPEALS, JUVENILE JUSTIVE, OCY, TRUANCY COURT, AND VICTIM SERVICES.
CST - THE CST SURVEYED 294 PEOPLE TOTAL FOR THREE SEPARATE SURVEYS OF DIFFERENT MENTAL HEALTH SERVICE CATEGORIES IN MONTGOMERY COUNTY, PA. THE TEAM ALSO REPRESENTED THE VOICE OF PEOPLE USING SERVICES IN OVER 15 COMMITTEES AND WORKGROUPS. THE COMMUNITYWORX COMMUNITY CENTER PIVOTED TO SUPPORTING PEOPLE WHO ARE HOMELESS AFTER THE HOMELESS SHELTER WAS CLOSED, AND SUPPORTED AN AVERAGE OF 75 PEOPLE PER WEEK WITH EMERGENCY FOOD AND CLOTHING RESOURCES, AS WELL AS LAUNDRY, COMPUTER ACCESS, AND DAY SHELTER.
FST - FAMILY SATISFACTION TEAM WORKS WITH OTHERS IN THE COMMUNITY TO CONNECT FAMILIES TO RESOURCES/EVENTS AND INFORM FAMILIES OF OTHER OPPORTUNITIES TO SHARE THEIR VOICE AT BOTH THE STATE AND LOCAL LEVEL. DURING THE YEAR, FST PROVIDED ADMINISTRATIVE SUPPORT TO TEAMS WITHIN HOPEWORX, LOCAL AGENCIES, AND STATEWIDE WORKGROUPS. OVER THE COURSE OF THE YEAR, FST CONTACTED 632 FAMILIES, AND SURVEYED 238 PARTICIPANTS OVER 4 PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Shannon Executive Director | Officer | 37.5 | $64,079 |
Sue Soriano President | OfficerTrustee | 1 | $0 |
Tim Tunner Vice President | OfficerTrustee | 1 | $0 |
Shauna Kane Secretary | OfficerTrustee | 1 | $0 |
Kathy Laws Treasurer | Trustee | 3 | $0 |
Lilly Austin JD Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,682,695 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,527 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,739,222 |
| Total Program Service Revenue | $18,250 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,793,644 |
| 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. | $84,899 |
| Compensation of current officers, directors, key employees. | $83,361 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,008,631 |
| Pension plan accruals and contributions | $13,758 |
| Other employee benefits | $99,954 |
| Payroll taxes | $87,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,047 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,158 |
| Advertising and promotion | $0 |
| Office expenses | $35,898 |
| Information technology | $12,694 |
| Royalties | $0 |
| Occupancy | $135,680 |
| Travel | $33,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,655 |
| Interest | $5,012 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,543 |
| All other expenses | $6,842 |
| Total functional expenses | $1,744,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,121 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $368,977 |
| 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 | $17,428 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $201,820 |
| Total assets | $698,346 |
| Accounts payable and accrued expenses | $128,983 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $83,877 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $89,000 |
| Other liabilities | $199,530 |
| Total liabilities | $501,390 |
| Net assets without donor restrictions | $192,422 |
| Net assets with donor restrictions | $4,534 |
| 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 | $698,346 |