Hotel Hope
- Assets
- $4.1m
- Revenue
- $843.9k
- Investments
- $0.0
- Employees
- 2
- Location
- New Orleans, LA
- Founding
- 04/2014
- Data as of
- 06/2022
- EIN
- 27-2083749
Organization Overview
Hotel Hope is located in New Orleans, LA. The organization was established in 2014. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Hotel Hope employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hotel Hope 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, Hotel Hope generated $843.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $555.7k during the year ending 06/2022. While expenses have increased by 19.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING AND ASSISTANCE FOR WOMEN AND CHILDREN IN NEED OF HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING AND ASSISTANCE WOMEN AND CHILDREN IN NEED OF HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Gennardo Director | Trustee | 0.25 | $0 |
Nakisha Ervin-Knott Chairman | Trustee | 0.25 | $0 |
Karen Kirchgraber Secretary | Trustee | 0.25 | $0 |
Danita Bright Director | Trustee | 0 | $0 |
Mary Jeandron Treasurer | Trustee | 0.25 | $0 |
Clarence Adams Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,190 |
| All other contributions, gifts, grants, and similar amounts not included above | $783,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $816,869 |
| Total Program Service Revenue | $0 |
| Investment income | $16,998 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,000 |
| 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 | $843,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,636 |
| 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 | $271,949 |
| 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 | $5,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,323 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,586 |
| Advertising and promotion | $0 |
| Office expenses | $22,670 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $35,722 |
| Insurance | $55,903 |
| All other expenses | $0 |
| Total functional expenses | $555,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,353 |
| Savings and temporary cash investments | $949,868 |
| Pledges and grants receivable | $165,000 |
| 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 | $1,946,951 |
| Investments—publicly traded securities | $843,347 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,314 |
| Total assets | $4,120,833 |
| 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 | $1,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,000,000 |
| Net assets without donor restrictions | $2,824,378 |
| Net assets with donor restrictions | $296,455 |
| 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 | $4,120,833 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Hotel Hope has recieved totaling $442,464.
| Awarding Organization | Amount |
|---|---|
Northshore Community Foundation Covington, LA PURPOSE: SUPPORT KITCHEN AND DINING ROOM RENOVATIONS | $300,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: HOUSING/SHELTER | $138,292 |
J Edgar Monroe Foundation 1976 Metairie, LA PURPOSE: GENERAL CHARITABLE PURPOSE | $2,000 |
Weimer Congemi Foundation Inc Metairie, LA PURPOSE: UNRESTRICTED | $1,000 |
Lauricella Land Company Foundation Harahan, LA PURPOSE: UNRESTRICTED DONATION | $1,000 |
Mckesson Foundation Dallas, TX PURPOSE: CHARITABLE | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ragin Cajun Facilities Inc Lafayette, LA | $263,550,740 | $22,159,335 |
University Facilities Inc Hammond, LA | $142,004,479 | $18,110,312 |
The Macguire Center El Paso, TX | $178,858 | $665,370 |
Projecthandup Grapevine, TX | $51,069,660 | $5,731,956 |
Boles Childrens Home Inc Quinlan, TX | $12,043,794 | $1,742,939 |
Temenos Community Development Corpo Ration Houston, TX | $5,605,357 | -$300,037 |
Empower 225 Baton Rouge, LA | $1,080,614 | $2,677,785 |
Reynolds House Non-Profit Corporation El Paso, TX | $703,756 | $1,361,764 |
Reflection Ministries Of Texas Inc Midland, TX | $2,559,712 | $2,275,639 |
Covenant Recovery Inc Pine Bluff, AR | $956,380 | $1,711,087 |
New Orleans Women & Childrens Shelter Inc New Orleans, LA | $1,027,149 | $1,948,703 |
Inter-Cooperative Council At University Of Texas Inc Austin, TX | $6,304,599 | $1,430,552 |