Good Hope Inc
- Assets
- $86.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lynnfield, MA
- Founding
- 02/2017
- Data as of
- 12/2021
- EIN
- 38-4025461
Organization Overview
Good Hope Inc is located in Lynnfield, MA. The organization was established in 2017. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Hope 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 12/2021, Good Hope Inc generated $97.7k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $81.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Rukwaro President | 20 | $15,600 | |
Timothy Schmidt Director | 1 | $0 | |
Mamatha Bhagavan Treasurer | 1 | $0 | |
Michael Satterwhite Director | 1 | $0 | |
Leighton Oconor Secretary | 1 | $0 | |
Valencia Koomson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,725 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $97,725 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $17,776 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $21,430 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $42,166 |
| Total expenses | $81,372 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $86,334 |
| Other assets | $0 |
| Total assets | $86,334 |
| Total liabilities | $0 |
| Net assets or fund balances | $86,334 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Good Hope Inc has recieved totaling $5,287.
| Awarding Organization | Amount |
|---|---|
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $5,000 |
Arbella Insurance Foundation Inc Boston, MA PURPOSE: LDOH | $150 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $137 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Public Good Projects New York, NY | $3,040,032 | $8,988,626 |
Central New Hampshire Vna & Hospice Laconia, NH | $0 | $10,066,079 |
International Health Racquet And Sportsclub Association Boston, MA | $2,092,829 | $3,783,459 |
Global Healthy Living Foundationinc Upper Nyack, NY | $6,909,681 | $8,221,665 |
Gradian Health Systems Inc New York, NY | $21,514,567 | $7,272,178 |
Turnaround For Children Inc New York, NY | $10,240,102 | $6,726,239 |
Every Mother Counts New York, NY | $11,774,449 | $8,265,918 |
Hispanic Health Council Inc Hartford, CT | $1,344,276 | $5,849,680 |
Island Health Inc West Tisbury, MA | $3,338,593 | $5,294,538 |
Interboro Regional Health Information Organization Inc Elmhurst, NY | $6,627,400 | $5,892,590 |
Rhode Island Public Health Foundation Inc Providence, RI | $1,822,060 | $3,891,051 |
Healthquarters Inc Beverly, MA | $3,425,063 | $3,773,915 |