Hope Of Evansville Inc
- Assets
- $1.3m
- Revenue
- $550.6k
- Investments
- $687.1k
- Employees
- 7
- Location
- Evansville, IN
- Founding
- 03/1968
- Data as of
- 09/2021
- 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 09/2021, 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 09/2021, Hope Of Evansville Inc generated $550.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $624.6k during the year ending 09/2021. While expenses have increased by 11.9% per year over the past 6 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
TO PROVIDE COUNSELING AND ASSISTANCE WITH HOUSING NEEDS FOR CLIENTS LOCATED IN THE EVANSVILLE, IN AREA UNDER GUIDELINES ESTABLISHED BY THE HOUSING AND URBAN DEVELOPMENT PROVISIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTING INDIVIDUALS TO REMAIN IN THEIR HOMES THROUGH COUNSELING AND DIRECT AID AND ASSISTING FAMILIES TO ACHIEVE HOME OWNERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Calhoun Executive Director | OfficerTrustee | 40 | $66,900 |
John Raisor President | OfficerTrustee | 1 | $0 |
Paul Baumberger Vice President | OfficerTrustee | 1 | $0 |
Michael Mckim Treasurer | OfficerTrustee | 1 | $0 |
Michael Pitts Director | Trustee | 1 | $0 |
Raymond Dudlo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $436,661 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,233 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $501,894 |
| Total Program Service Revenue | $17,143 |
| Investment income | $8,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,078 |
| Net Income from Fundraising Events | $2,674 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $550,592 |
| 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. | $66,900 |
| Compensation of current officers, directors, key employees. | $13,380 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $220,624 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,943 |
| Payroll taxes | $20,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,926 |
| Fees for services: Accounting | $38,219 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,864 |
| Office expenses | $7,129 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,842 |
| Travel | $1,159 |
| 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 | $246 |
| Insurance | $7,132 |
| All other expenses | $5,657 |
| Total functional expenses | $624,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,956 |
| Savings and temporary cash investments | $155,910 |
| Pledges and grants receivable | $172,037 |
| 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 | $82,012 |
| Prepaid expenses and deferred charges | $7,702 |
| Net Land, buildings, and equipment | $68 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $687,103 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,323 |
| Total assets | $1,278,111 |
| Accounts payable and accrued expenses | $20,692 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,692 |
| Net assets without donor restrictions | $1,257,419 |
| Net assets with donor restrictions | $0 |
| 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 | $1,278,111 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Hope Of Evansville Inc has recieved totaling $217,698.
| Awarding Organization | Amount |
|---|---|
Centerpoint Energy Foundation Inc Houston, TX PURPOSE: JACOBSVILLE NEIGHBORHOOD REVITALIZATION | $110,000 |
Housing Action Illinois Chicago, IL PURPOSE: Pass through grant for HUD Comprehensive Housing Counseling Program. | $80,448 |
Community Foundation Alliance Inc Evansville, IN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $10,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $9,750 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Energy Services Inc Madison, WI | $8,275,764 | $17,473,845 |
Neighborhood Lending Services Inc Chicago, IL | $30,819,021 | $4,912,824 |
Bickerdike Redevelopment Corporation Chicago, IL | $86,161,772 | $4,493,644 |
Project Home Inc Madison, WI | $5,333,055 | $4,173,429 |
Wisconsin Native Loan Fund Inc Lac Du Flambeau, WI | $5,661,202 | $1,436,627 |
Hope Of Evansville Inc Evansville, IN | $1,278,111 | $550,592 |
Energy Assistance Foundation Decatur, IL | $2,534,598 | $752,015 |
United Neighborhoods Inc Hammond, IN | $1,715,145 | $339,107 |
Two Rivers Council Foundation Quincy, IL | $455,052 | $383,235 |
Marquette Bank Affordable Housing Foundation Chicago, IL | $1,432,844 | $100,609 |
Indiana Utility Rate Payer Tr Muncie, IN | $7,480,897 | $294,604 |
Jubilee Ministries Inc Peoria, IL | $221,247 | $126,938 |