Restored Hope Ministries Inc
- Assets
- $1.4m
- Revenue
- $829.6k
- Investments
- $0.0
- Employees
- 12
- Location
- Dallas, TX
- Founding
- 04/2013
- Data as of
- 12/2021
- EIN
- 45-5457155
Organization Overview
Restored Hope Ministries Inc is located in Dallas, TX. The organization was established in 2013. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Restored Hope Ministries Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restored Hope Ministries 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, Restored Hope Ministries Inc generated $829.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $701.6k during the year ending 12/2021. While expenses have increased by 7.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MINISTERING TO SEX TRAFFICKING VICTIMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESCUE WOMEN WHO ARE TRAPPED IN SEX TRAFFICKING AND CANNOT BREAK LOOSE. THIS IS ACCOMPLISHED BY A TWO-PHASE PROGRAM. PHASE ONE CONSISTS OF 9 TO 12 MONTHS OF TRANSITIONAL HOUSING WITH SPIRITUAL, PHYSICAL AND EDUCATIONAL IMPROVEMENT PROGRAMS. IN PHASE TWO, TRANSITIONAL HOUSING AND SUPPORT PROGRAMS ARE PROVIDED FOR PHASE ONE GRADUATES WITH CHILDREN SO THAT THE FAMILY UNIT CAN BE SOLIDIFIED AND THE PARTICIPANT CAN TRANSITON TO SUSTAIN A SELF-SUFFICIENT LIFESTYLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Pollinzi President & CEO | OfficerTrustee | 40 | $123,250 |
Larry D Holland Treasurer | OfficerTrustee | 5 | $8,905 |
Lauri Diamond Secretary | OfficerTrustee | 5 | $0 |
Ricky Texada Director | Trustee | 2 | $0 |
Dawn Waye Director | Trustee | 2 | $0 |
Faye Wright Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,951 |
| Related organizations | $0 |
| Government grants | $49,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $702,099 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $761,050 |
| Total Program Service Revenue | $0 |
| Investment income | $37 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,799 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,104 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $829,590 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,999 |
| Grants and other assistance to domestic individuals. | $2,115 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $131,555 |
| Compensation of current officers, directors, key employees. | $39,118 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,057 |
| Payroll taxes | $20,451 |
| Fees for services: Management | $430 |
| Fees for services: Legal | $0 |
| 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 | $18,720 |
| Advertising and promotion | $16,642 |
| Office expenses | $17,082 |
| Information technology | $18,380 |
| Royalties | $0 |
| Occupancy | $106,482 |
| Travel | $8,134 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,551 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,726 |
| Insurance | $21,676 |
| All other expenses | $0 |
| Total functional expenses | $701,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,246 |
| Savings and temporary cash investments | $208,798 |
| Pledges and grants receivable | $0 |
| 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 | $94 |
| Net Land, buildings, and equipment | $1,068,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,399 |
| Total assets | $1,441,030 |
| Accounts payable and accrued expenses | $16,051 |
| 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 | $889,123 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $905,174 |
| Net assets without donor restrictions | $535,856 |
| 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 | $1,441,030 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Restored Hope Ministries Inc has recieved totaling $55,481.
| Awarding Organization | Amount |
|---|---|
David M Crowley Foundation Dallas, TX PURPOSE: VICTIMS PROGRAMS | $25,000 |
Coserv Charitable Foundation Corinth, TX PURPOSE: BASIC HUMAN NEEDS | $20,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $9,056 |
Pogue Family Missions Society McKinney, TX PURPOSE: FUNDRAISING EVENT SPONSOR | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $225 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lutheran Social Service Of The South Inc Austin, TX | $61,046,286 | $96,832,412 |
El Centro Del Barrio Inc San Antonio, TX | $91,252,083 | $101,246,096 |
Community Action Project Of Tulsa County Inc Tulsa, OK | $75,774,694 | $60,674,476 |
St Hope Foundation Inc Houston, TX | $24,463,545 | $68,716,621 |
South Plains Community Action Association Inc Levelland, TX | $29,457,762 | $62,394,779 |
Community Action Corporation Of South Texas Alice, TX | $17,286,971 | $61,888,354 |
Catholic Charities Of Dallas Inc Dallas, TX | $38,189,744 | $60,557,267 |
Goodwill Industries Of San Antonio Contract Services San Antonio, TX | $23,203,084 | $40,622,954 |
Texas Pregnancy Care Network Austin, TX | $10,724,863 | $36,961,915 |
West Texas Opportunities Lamesa, TX | $6,432,231 | $36,739,532 |
Catholic Charities Diocese Of Fort Worth Fort Worth, TX | $33,220,571 | $32,415,025 |
Louisiana United Methodist Children And Family Services Inc Ruston, LA | $89,566,145 | $35,567,717 |