Hope Network
- Assets
- -$25.7m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 196
- Location
- Grand Rapids, MI
- Founding
- 02/2011
- Data as of
- 09/2023
- EIN
- 38-6108186
Organization Overview
Hope Network is located in Grand Rapids, MI. The organization was established in 2011. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 09/2023, Hope Network employed 196 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Hope Network 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 Network generated $12.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $19.1m 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
RIGHT NOW MORE THAN 60 MILLION PEOPLE IN THE U.S. SUFFER FROM PHYSICAL, MENTAL OR SOCIAL BARRIERS THAT IMPACT HOW THEY LIVE. ONE MILLION OF THEM LIVE HERE IN MICHIGAN. THAT'S LARGER THAN THE POPULATION OF DETROIT. A MAJORITY HAVE FALLEN THROUGH THE CRACKS AND ARE NOT RECEIVING THE CARE THEY DESERVE. AT HOPE NETWORK, WE ARE ADVOCATES FOR THOSE PEOPLE. FOR 50 YEARS, HOPE NETWORK HAS PROVIDED NEURO-REHABILITATION, BEHAVIORAL HEALTH, DEVELOPMENTAL AND SUPPORT SERVICES THAT GIVE PEOPLE A CHANCE TO OVERCOME LIFE'S CHALLENGES. WE DO THIS BECAUSE EVERY PERSON WAS CREATED TO LIVE LIFE TO THE FULLEST. WHETHER SOMEONE NEEDS INTENSIVE THERAPY, A RIDE TO AN APPOINTMENT OR ANY ONE OF OUR MANY COMMUNITY SUPPORT SERVICES, WE'RE READY TO SERVE. THE RESULTS ARE COUNTLESS STORIES OF RECOVERY, RESTORATION AND HOPE. FOR MORE INFORMATION ABOUT HOPE NETWORK, VISIT WWW.HOPENETWORK.ORG.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne Voorhees Trustee | Trustee | 1 | $0 |
Khan J Nedd MD Trustee | Trustee | 1 | $0 |
Lynn Ferris Trustee | Trustee | 1 | $0 |
Matt Heynen Chair And Treasurer | OfficerTrustee | 1 | $0 |
Bill Lettinga Jr Trustee | Trustee | 1 | $0 |
Kathie Hoekstra Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amergis Healthcare Staffing Inc Staffing Services | 9/29/23 | $651,766 |
Peter Chang Enterprises Ecare Services | 9/29/23 | $515,466 |
7-k Llc Facility Rental Services | 9/29/23 | $681,864 |
Michael Gotlib Md Pc Psychiatric Services | 9/29/23 | $516,310 |
Barnes & Thornburg Legal Services | 9/29/23 | $499,733 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,708 |
| 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 | $4,708 |
| Total Program Service Revenue | $11,201,057 |
| Investment income | $773,717 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,979,482 |
| 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. | $1,271,246 |
| Compensation of current officers, directors, key employees. | $72,080 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,619,112 |
| Pension plan accruals and contributions | $666,015 |
| Other employee benefits | $702,646 |
| Payroll taxes | $667,677 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,294 |
| Fees for services: Accounting | $150,948 |
| Fees for services: Lobbying | $12,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,941,871 |
| Advertising and promotion | $106,282 |
| Office expenses | $886,637 |
| Information technology | $1,219,326 |
| Royalties | $0 |
| Occupancy | $118,380 |
| Travel | $220,399 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $105,081 |
| Interest | $222,787 |
| Payments to affiliates | $364,630 |
| Depreciation, depletion, and amortization | $419,177 |
| Insurance | $344,696 |
| All other expenses | $1,459 |
| Total functional expenses | $19,101,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$50,885,648 |
| Savings and temporary cash investments | $17,718,629 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,591 |
| 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 | $1,087,165 |
| Net Land, buildings, and equipment | $1,873,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,506,937 |
| Total assets | -$25,695,258 |
| Accounts payable and accrued expenses | $4,498,560 |
| 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 | $6,587,905 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $169,009 |
| Total liabilities | $11,255,474 |
| Net assets without donor restrictions | -$36,950,732 |
| 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 | -$25,695,258 |