Hope Of Evansville Inc
- Assets
- $1.7m
- Revenue
- $707.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Evansville, IN
- Founding
- 03/1968
- Data as of
- 09/2023
- EIN
- 35-6075575
Organization Overview
Hope Of Evansville Inc is located in Evansville, IN. The organization was established in 1968. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Hope Of Evansville Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Of Evansville 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 09/2023, Hope Of Evansville Inc generated $707.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $819.1k during the year ending 09/2023. While expenses have increased by 15.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COUNSELING AND ASSISTANCE WITH HOUSING NEEDS FOR CLIENTS LOCATED IN THE EVANSVILLE, INDIANA AREA UNDER GUIDELINES ESTABLISHED BY THE HOUSING AND URBAN DEVELOPMENT PROVISIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE COUNSELING AND ASSISTANCE WITH HOUSING NEEDS FOR CLIENTS LOCATED IN THE EVANSVILLE, INDIANA AREA UNDER GUIDELINES ESTABLISHED BY THE HOUSING AND URBAN DEVELOPMENT PROVISIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Dudlo Director | Trustee | 1 | $0 |
Michael Pitts Director | Trustee | 1 | $0 |
Melissa Khan Director | Trustee | 1 | $0 |
Ruby Mcglown Director | Trustee | 1 | $0 |
Tom Moore Director | Trustee | 1 | $0 |
Jacqueline Wilson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $527,249 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,947 |
| Noncash contributions included in lines 1a–1f | $18,808 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $638,196 |
| Total Program Service Revenue | $13,899 |
| Investment income | $18,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,923 |
| Net Income from Fundraising Events | $3,430 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $707,008 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $436,366 |
| Pension plan accruals and contributions | $9,945 |
| Other employee benefits | $0 |
| Payroll taxes | $32,177 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,271 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,834 |
| Office expenses | $3,084 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,107 |
| Travel | $4,907 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,609 |
| Insurance | $17,347 |
| All other expenses | $36,926 |
| Total functional expenses | $819,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,461 |
| Savings and temporary cash investments | $47,682 |
| Pledges and grants receivable | $387,286 |
| 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 | $5,217 |
| Net Land, buildings, and equipment | $301,382 |
| Investments—publicly traded securities | $618,451 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $188,658 |
| Total assets | $1,712,137 |
| Accounts payable and accrued expenses | $59,484 |
| 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 | $289,147 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $348,631 |
| Net assets without donor restrictions | $1,274,141 |
| Net assets with donor restrictions | $89,365 |
| 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 | $1,712,137 |