Hope For Addiction Inc
- Assets
- $729.0k
- Revenue
- $289.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Gilbert, AZ
- Founding
- 07/2014
- Data as of
- 12/2022
- 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 12/2022, Hope For Addiction Inc employed 6 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 12/2022, Hope For Addiction Inc generated $289.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $325.1k during the year ending 12/2022. While expenses have increased by 29.1% per year over the past 8 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
2022
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 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 TO SERVE UP TO 7 WOMEN PLUS CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Beck President | OfficerTrustee | 60 | $66,537 |
Rich Richardson Secretary | OfficerTrustee | 2 | $0 |
Cynthia Wright Treasurer | OfficerTrustee | 2 | $0 |
Jamie Self Director | Trustee | 0.5 | $0 |
Glenn Kees Director | Trustee | 2 | $0 |
Ricky Aulds Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,300 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $243,423 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251,723 |
| Total Program Service Revenue | $37,463 |
| Investment income | $130 |
| 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 | $289,316 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $75 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,250 |
| Compensation of current officers, directors, key employees. | $3,719 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,926 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,244 |
| Payroll taxes | $12,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,132 |
| Fees for services: Accounting | $66 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,922 |
| Advertising and promotion | $11,804 |
| Office expenses | $9,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,358 |
| Travel | $9,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,530 |
| Interest | $24,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,909 |
| Insurance | $5,876 |
| All other expenses | $198 |
| Total functional expenses | $325,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,943 |
| Savings and temporary cash investments | $8,387 |
| 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 | $0 |
| Net Land, buildings, and equipment | $699,636 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $728,966 |
| Accounts payable and accrued expenses | $0 |
| 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 | $536,153 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $536,153 |
| Net assets without donor restrictions | $192,813 |
| 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 | $728,966 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hope For Addiction Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Arizona Community Foundation Phoenix, AZ PURPOSE: PROGRAM SUPPORT | $7,500 |
Peer Organizations
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|---|---|---|
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Regional Task Force On The Homeless Inc San Diego, CA | $15,091,904 | $18,439,880 |
Friends Of Tavarua Buellton, CA | $880,613 | $12,480,036 |
Fleming & Barnes Pls Vrds Pnsl, CA | $2,999,486 | $8,310,675 |
S T A R-Stand Together And Recover Centers Inc Phoenix, AZ | $2,420,391 | $5,183,120 |
Disability Services Inc Colorado Springs, CO | $2,878,112 | $4,719,604 |
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Life Steps Foundation Inc Los Angeles, CA | $11,505,717 | $4,524,528 |
Desert Ridge Community Association Scottsdale, AZ | $3,543,697 | $3,296,119 |
Hospital Quality Institute Sacramento, CA | $3,614,502 | $3,942,442 |