Hope Homes Foundation Inc
- Assets
- $4.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Stow, OH
- Founding
- 03/1984
- Data as of
- 12/2022
- EIN
- 34-1411370
Organization Overview
Hope Homes Foundation Inc is located in Stow, OH. The organization was established in 1984. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2022, Hope Homes Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Homes Foundation 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, Hope Homes Foundation Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $481.0k during the year ending 12/2022. While expenses have increased by 7.2% 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
TO PROVIDE ACCESSIBLE AND AFFORDABLE HOUSING TO PERSONS WITH DEVELOPMENTAL DISABILITIES AND OTHERS WITH SPECIAL NEEDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ACCESSIBLE AND AFFORDABLE HOUSING TO PERSONS WITH DEVELOPMENTAL DISABILITIES AND OTHERS WITH SPECIAL NEEDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Herrera Executive Di | Officer | 40 | $133,896 |
Angela Anders Vice Preside | OfficerTrustee | 2 | $0 |
Hollie Ashworth Secretary | OfficerTrustee | 2 | $0 |
Stephanie Forsyth Board Member | Trustee | 1 | $0 |
Hector Gonzalez Board Member | Trustee | 1 | $0 |
Jan Kremer Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $645,499 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $663,174 |
| Total Program Service Revenue | $373,923 |
| Investment income | $1,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $248,773 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,287,306 |
| 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. | $133,896 |
| Compensation of current officers, directors, key employees. | $110,120 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,498 |
| Pension plan accruals and contributions | $5,694 |
| Other employee benefits | $6,780 |
| Payroll taxes | $16,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,510 |
| Fees for services: Accounting | $4,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,679 |
| Advertising and promotion | $0 |
| Office expenses | $8,483 |
| Information technology | $7,460 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,355 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,714 |
| Interest | $10,646 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,069 |
| Insurance | $21,046 |
| All other expenses | $3,344 |
| Total functional expenses | $480,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,792 |
| Savings and temporary cash investments | $291,429 |
| Pledges and grants receivable | $15,673 |
| Accounts receivable, net | $5,660 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,139 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,368 |
| Net Land, buildings, and equipment | $3,728,071 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $810 |
| Other assets | $177,225 |
| Total assets | $4,314,167 |
| Accounts payable and accrued expenses | $13,791 |
| Grants payable | $0 |
| Deferred revenue | $56,700 |
| 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 | $120,423 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,639 |
| Total liabilities | $211,553 |
| Net assets without donor restrictions | $3,748,069 |
| Net assets with donor restrictions | $354,545 |
| 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 | $4,314,167 |