Community Of Hope Inc
- Assets
- $634.9k
- Revenue
- $278.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Gales Ferry, CT
- Founding
- 09/2006
- Data as of
- 06/2023
- EIN
- 26-0109933
Organization Overview
Community Of Hope Inc is located in Gales Ferry, CT. The organization was established in 2006. According to its NTEE Classification (I31) the organization is classified as: Half-Way Houses for Offenders & Ex-Offenders, under the broad grouping of Crime & Legal-Related and related organizations. As of 06/2023, Community Of Hope Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community 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 06/2023, Community Of Hope Inc generated $278.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $172.8k during the year ending 06/2023. While expenses have increased by 17.8% 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
TO PROVIDE SUPPORT, EDUCATION, AND REHABILITATION SERVICES TO QUALIFIED HOMELESS CITIZENS TO GIVE THEM THE OPPORTUNITY TO RE-ENTER SOCIETY AS CONTRIBUTING MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORTING, EDUCATIONAL, AND REHABILITATION SERVICES TO QUALIFIED HOMELESS CITIZENS TO GIVE THEM THE OPPORTUNITY TO RE-ENTER SOCIETY AS CONTRIBUTING MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annette Eldridge Executive Director | Trustee | 30 | $35,440 |
Julie Brousseau Chairman | Officer | 20 | $0 |
Faith Claspell Director | Trustee | 30 | $25,124 |
Megan Quinn Board Member | Officer | 10 | $0 |
Leslie Carpenter Secretary Treasurer | Officer | 20 | $0 |
Veronica Sullivan Director | Trustee | 30 | $12,255 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,046 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $225,617 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,663 |
| Total Program Service Revenue | $36,396 |
| Investment income | $133 |
| 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 | $278,192 |
| 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. | $72,818 |
| Compensation of current officers, directors, key employees. | $72,818 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,037 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,091 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,367 |
| Advertising and promotion | $1,233 |
| Office expenses | $9,673 |
| Information technology | $2,263 |
| Royalties | $0 |
| Occupancy | $8,656 |
| Travel | $236 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,807 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,627 |
| Insurance | $13,033 |
| All other expenses | $0 |
| Total functional expenses | $172,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,288 |
| Savings and temporary cash investments | $27,389 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $514,255 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $634,932 |
| Accounts payable and accrued expenses | $0 |
| 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 | $115,223 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,575 |
| Total liabilities | $120,798 |
| Net assets without donor restrictions | $0 |
| 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 | $514,134 |
| Total liabilities and net assets/fund balances | $634,932 |