Hope-Spectrum Health Cc
- Assets
- $9.1m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 176
- Location
- Grand Rapids, MI
- Founding
- 05/1998
- Data as of
- 09/2023
- EIN
- 38-3317919
Organization Overview
Hope-Spectrum Health Cc is located in Grand Rapids, MI. The organization was established in 1998. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Hope-Spectrum Health Cc employed 176 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Hope-Spectrum Health Cc 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-Spectrum Health Cc generated $7.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $5.2m during the year ending 09/2023. 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
IN CHRISTIAN SERVICE, HOPE NETWORK EMPOWERS PEOPLE TO OVERCOME CHALLENGES TO ACHIEVE THEIR HIGHEST LEVEL OF INDEPENDENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOPE/SPECTRUM HEALTH PARTNERSHIP PROVIDES RESIDENTIAL AND OUTPATIENT SERVICES, INCLUDING NEUROPSYCHOLOGY, PHYSICAL, SPEECH AND OCCUPATIONAL THERAPY, AS WELL AS VOCATIONAL REHAB AND JOB COACHING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Kroese Chair/president | OfficerTrustee | 0.3 | $0 |
Phillip Weaver Former Vice President | OfficerTrustee | 0.3 | $0 |
Timothy Becker Secretary | OfficerTrustee | 0.3 | $0 |
William Anstey Former Treasurer | OfficerTrustee | 0.3 | $0 |
Robert Vonkaenel Jr Vice President | OfficerTrustee | 0.3 | $0 |
Heather Zak Treasurer | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,681,072 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,685,372 |
| 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 | $2,926,689 |
| Pension plan accruals and contributions | $15,783 |
| Other employee benefits | $226,485 |
| Payroll taxes | $212,784 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $117,447 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,086 |
| Advertising and promotion | $384 |
| Office expenses | $389,128 |
| Information technology | $130,656 |
| Royalties | $0 |
| Occupancy | $275,544 |
| Travel | $27,044 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,303 |
| Interest | $30,506 |
| Payments to affiliates | $296,676 |
| Depreciation, depletion, and amortization | $261,813 |
| Insurance | $89,496 |
| All other expenses | $0 |
| Total functional expenses | $5,224,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,418,558 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,540,434 |
| 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 | $7,085 |
| Net Land, buildings, and equipment | $5,050,848 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $131,017 |
| Total assets | $9,147,942 |
| Accounts payable and accrued expenses | $496,569 |
| 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 | $500,059 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $111,878 |
| Total liabilities | $1,108,506 |
| Net assets without donor restrictions | $8,039,436 |
| 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 | $9,147,942 |