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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sr Judy Flowers Dc Director | Trustee | 0 | $0 |
Ashley Lusk Director | Trustee | 0 | $0 |
Dr Gene D'amour Director | Trustee | 0 | $0 |
Nakisha Ervin-Knott Chairman | Trustee | 0.25 | $0 |
Danita Bright Director | Trustee | 0 | $0 |
Louis Arceneaux Cm Director | Trustee | 0.25 | $0 |
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 |
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 |
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 |