Cottages Of Hope Inc

Organization Overview

Cottages Of Hope Inc is located in Ogden, UT. The organization was established in 2008. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 12/2022, Cottages Of Hope Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cottages 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 12/2022, Cottages Of Hope Inc generated $454.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $358.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

COTTAGES OF HOPE EXISTS TO INSPIRE INDIVIDUALS AND HOUSEHOLDS TO REALIZE THEIR POTENTIAL BY PROVIDING MEANINGFUL PROGRAMS AND SERVICES THAT EMPOWER THEM TO ACHIEVE GREATER LEVELS OF FINANCIAL STABILITY. ACTIVITIES INCLUDE FREE TAX PREPARATION, FINANCIAL LITERACY PRESENTATIONS, FREE INTERNET ACCESS, IDA SAVINGS PLANS, AND JOB COACHING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WORKFORCE DEVELOPMENT: (THE PROSPERITY CENTER): OUR RESOURCE CENTER OFFERS FREECOMPUTER AND INTERNET ACCESS, TECHNICAL ASSISTANCE, PHONE(FAX), AND INFORMATION ABOUT OTHER VALUABLE COMMUNITY RESOURCES. THE CENTER UTILIZES VOLUNTEERS AND WORK BASED LEARNING PARTICIPANTS FROM THE FEDERAL WORK STUDY PROGRAM, FAMILY EMPLOYMENT PROGRAM(FEP, JOB CORPS, AND EASTER SEALS). A MAJORITY OF OUR EFFORTS IN THE CENTER ARE STILL FOCUSED PRIMARILY ON HELPING INDIVIDUALS FIND STABLE EMPLOYMENT.FREE TAX PREPARATION: COTTAGES OF HOPE CONTINUES TO OFFER THE VOLUNTEER INCOME TAXASSISTANCE (VITA) PROGRAM WHERE WE PREPARED RETURNS IN 2015. OUR PURPOSE OR GOAL INOFFERING THIS SERVICES IS TO HELP THE CLIENT OBTAIN ALL OF THE CREDITS THEY QUALIFYFOR AND TO ENCOURAGE THEM TO USE THEIR TAX REFUNDS TO BECOME MORE FINANCIALLY STABLE. SUGGESTIONS INCLUDE SETTING UP AN EMERGENCY FUND, PAYING DOWN DEBT, PAYING FOR ADDITIONAL SCHOOLING, OR MAKING NEEDED CAR AND HOME REPAIRS. WHILE HAVING THEIR TAXES DONE, CLIENTS ARE INVITED TO COMPLETE OUR "GET CONNECTED" CARD THAT HELPS US MAINTAIN OUR RELATIONSHIP WITH THEM THROUGHOUT THE YEAR. THIS ENABLES US TO CONTACT THEM CONCERNING PROGRAMS AND SERVICES (OURS AND THOSE OFFERED BY OUR COMMUNITY PARTNERS) THAT MAKE SENSE BASED ON THEIR NEEDS.FINANCIAL LITERACY: IN ADDITION TO TEACHING CLASSES AT OUR LOCATION, WE TAUGHTNUMEROUS OFF-SITE FINANCIAL PRESENTATIONS FOR NONPROFIT, RELIGIOUS, AND STUDENTGROUPS.OTHER PROGRAMS (SERVICES): IN ADDITION, COTTAGES OF HOPE ALSO PROVIDES A NUMBER OFSERVICES THAT LEAD TO GREATER LEVELS OF FINANCIAL STABILITY. ON A CASE BY CASEBASIS, COTTAGES OF HOPE PROVIDES ONE ON ONE FINANCIAL AND JOB COACHING AND EDUCATIONSESSIONS INTENDED TO HELP CLIENTS LEARN TO CREATE BUDGETS, CREATE PLANS TO REDUCE DEBT, TO IMPROVE CREDIT SCORES, TO IMPROVE RESUMES, AND TO INCREASE THE QUALITY OF THEIR INTERVIEW SKILLS.COTTAGES OF HOPE IS A SPARKPOINT CENTER WHERE HARD-WORKING, LOW-INCOME PEOPLE CANACCESS A FULL RANGE OF SERVICES TO HELP THEM GET OUT OF POVERTY AND ACHIEVE LONG-TERM FINANCIAL STABILITY. THE CENTER BRINGS TOGETHER THE MOST EFFECTIVE NONPROFIT AND GOVERNMENT PARTNERS TO HELP CLIENTS BUILD ASSETS, GROW INCOME, AND MANAGE DEBT. EACH CLIENT WORKS WITH A PERSONAL COACH, WHO HELPS CREATE A STEP-BY-STEP PLAN TOACCOMPLISH FINANCIAL GOALS. THIS LONG-TERM APPROACH PROVIDES ON-GOING SUPPORT UNTILGOALS ARE ACCOMPLISHED.


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Board, Officers & Key Employees

Name (title)Compensation
Shannon Sebahar
Member
$0
Teresa Hunsaker
Vice Chair
$0
Chris Acosta
Member
$0
Craig Roper
Member
$0
Eric Young
Member
$0
Matt Dixon
Chairman
$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$454,385
Noncash contributions included in lines 1a–1f $47,674
Total Revenue from Contributions, Gifts, Grants & Similar$454,385
Total Program Service Revenue$0
Investment income $26
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 $454,411

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