Hopewell
- Assets
- $25.6m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 67
- Location
- Middlefield, OH
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 34-1739967
Organization Overview
Hopewell is located in Middlefield, OH. The organization was established in 1993. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2021, Hopewell employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopewell 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 12/2021, Hopewell generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $6.5m during the year ending 12/2021. While expenses have increased by 5.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING RESIDENTIAL TREATMENT FOR ADULTS WITH SEVERE MENTAL ILLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A RESIDENTIAL REHABILITATION COMMUNITY, OFFERING CARE, EDUCATION, TREATMENT, AND JOB TRAINING TO MENTALLY ILL INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Shute CEO | Officer | 40 | $201,070 |
Peter Anagnostos Vice Chair | OfficerTrustee | 3 | $0 |
Clara Rankin Life Trustee | OfficerTrustee | 5 | $0 |
Joseph F Verciglio Secretary | OfficerTrustee | 1 | $0 |
David Vincent Chair | OfficerTrustee | 1 | $0 |
William Wortzman Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $205,383 |
| Related organizations | $0 |
| Government grants | $440,972 |
| All other contributions, gifts, grants, and similar amounts not included above | $834,176 |
| Noncash contributions included in lines 1a–1f | $53,975 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,480,531 |
| Total Program Service Revenue | $4,438,250 |
| Investment income | $254,998 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $638,602 |
| Net Income from Fundraising Events | -$49,477 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,762,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,271,522 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $220,685 |
| Compensation of current officers, directors, key employees. | $41,815 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,787,140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $670,299 |
| Payroll taxes | $187,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,412 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $199,695 |
| Advertising and promotion | $18,313 |
| Office expenses | $61,374 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $183,223 |
| Travel | $2,944 |
| 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 | $266,593 |
| Insurance | $86,645 |
| All other expenses | $104,696 |
| Total functional expenses | $6,530,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,985 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $213,671 |
| Accounts receivable, net | $147,038 |
| 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 | $111,210 |
| Net Land, buildings, and equipment | $3,290,312 |
| Investments—publicly traded securities | $21,520,367 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $76,077 |
| Total assets | $25,640,660 |
| Accounts payable and accrued expenses | $211,782 |
| Grants payable | $0 |
| Deferred revenue | $205,749 |
| 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 | $13,452 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,363 |
| Total liabilities | $459,346 |
| Net assets without donor restrictions | $14,168,041 |
| Net assets with donor restrictions | $11,013,273 |
| 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 | $25,640,660 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hopewell has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Edward F Crawford Foundation Cleveland, OH PURPOSE: TO PROMOTE THE EXEMPT PURPOSE OF THE ORGANIZATION | $5,000 |
Endowment Analysis
| Beg. Balance | $18,768,688 |
| Earnings | $3,470,266 |
| Net Contributions | $250 |
| Other Expense | $802,851 |
| Ending Balance | $21,436,353 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Service Employees International Union Harrisburg, PA | $14,538,345 | $18,771,689 |
Western Reserve Care Solutions Cleveland, OH | $7,543,573 | $12,894,252 |
Fairhope Hospice & Palliative Care Inc Lancaster, OH | $12,660,357 | $14,177,859 |
Service Employees International Union Columbus, OH | $26,235,266 | $14,034,679 |
Regina Health Center Richfield, OH | $17,116,263 | $9,564,956 |
Omnipath Inc Paducah, KY | $660,564 | $9,841,059 |
Trehab Montrose, PA | $9,341,269 | $9,488,418 |
American Federation Of State County & Municipal Employees Philadelphia, PA | $10,443,176 | $9,689,084 |
Helphopelive Inc Radnor, PA | $21,287,854 | $9,393,533 |
Immergrun Inc Holland, OH | $2,327,933 | $7,896,671 |
American Federation Of State County & Municipal Employees Philadelphia, PA | $2,567,556 | $6,096,371 |
Project Compassion Health Saginaw, MI | $7,020,409 | $8,600,714 |