Hope For Addiction Inc
- Assets
- $809.7k
- Revenue
- $454.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Gilbert, AZ
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 47-1315465
Organization Overview
Hope For Addiction Inc is located in Gilbert, AZ. The organization was established in 2014. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Hope For Addiction Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope For Addiction 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 12/2023, Hope For Addiction Inc generated $454.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $395.7k during the year ending 12/2023. While expenses have increased by 27.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT PEOPLE WITH SUBSTANCE ABUSE PROBLEMS IN THEIR TRANSITION FROM A LIFE OF ADDICTION INTO A NEW AND SUCCESSFUL LIFE, SUBSTANCE FREE, USING MENTORSHIP, PRACTICAL TOOLS AND LONG-TERM SUPPORT. A HOME FOR SINGLE MOTHERS AND CHILDREN OPENED IN 2019 TO PROVIDE SAFE, AFFORDABLE, LONG-TERM HOUSING FOR FAMILIES TO REBUILD THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ASSISTANCE AND SUPPORT TO PEOPLE WITH SUBSTANCE ABUSE PROBLEMS IN THEIR TRANSITION FROM A REHABILITATION PROGRAM INTO THEIR NEW LIFE. EXPANDED FREEDOM HOUSE AND ADDED LIBERTY HOUSE TO SERVE UP TO 11 WOMEN AND CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Beck President | OfficerTrustee | 60 | $69,000 |
Rich Richardson Secretary | OfficerTrustee | 1 | $0 |
Jaime Self Director | Trustee | 1 | $0 |
Cynthia Wright Treasurer | OfficerTrustee | 3 | $0 |
Glenn Kees Director | Trustee | 1 | $0 |
Ricky Aulds Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,795 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,373 |
| All other contributions, gifts, grants, and similar amounts not included above | $324,010 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $412,178 |
| Total Program Service Revenue | $39,280 |
| Investment income | $3,456 |
| 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 | $454,914 |
| 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. | $69,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,655 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,541 |
| Payroll taxes | $9,168 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $176 |
| Fees for services: Accounting | $29 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,941 |
| Advertising and promotion | $17,129 |
| Office expenses | $21,569 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,036 |
| Travel | $20,372 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,855 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,909 |
| Insurance | $5,520 |
| All other expenses | $714 |
| Total functional expenses | $395,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,399 |
| Savings and temporary cash investments | $75,707 |
| 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 | $6,857 |
| Net Land, buildings, and equipment | $672,727 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $809,691 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $34,831 |
| 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 | $522,864 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $557,695 |
| Net assets without donor restrictions | $251,996 |
| 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 | $809,691 |